OptimizeRx Corp. OPRX shares soared 5.4% within the final buying and selling session to shut at $7.59. The transfer was backed by strong quantity with way more shares altering fingers than in a traditional session. This compares to the inventory’s 6.9% loss over the previous 4 weeks.
The rise in share worth may be attributed to increased demand for the corporate’s modern DAAP (Dynamic Viewers Activation Platform) answer. The platform provides predictive and safe advertising and marketing options, which join sufferers, HCPs and life sciences throughout a robust community of medical and private platforms.
OPRX is witnessing growing success within the conversion of the DAAP pipeline into closed offers. The corporate has greater than 300 manufacturers that it helps and it’s trying to convert all of them to DAAP. It closed eight DAAP offers (that are direct pharma engagements) within the second quarter, taking the rely to 17 offers for the primary half of 2024.
OPRX added that it has many DAAP offers within the pipeline, of which almost half are from the DTC aspect of the enterprise. It stays centered on cross-selling alternatives to its DTC and HCP purchasers to drive natural development.
Amid growing offers, the corporate is bolstering its pricing know-how to determine a extra constant pricing mechanism to make income recognition extra dependable over time.
This firm is predicted to put up quarterly earnings of $0.06 per share in its upcoming report, which represents a year-over-year change of -33.3%. Revenues are anticipated to be $24.94 million, up 52.7% from the year-ago quarter.
Whereas earnings and income development expectations are essential in evaluating the potential energy in a inventory, empirical analysis reveals a robust correlation between traits in earnings estimate revisions and near-term inventory worth actions.
For OptimizeRx, the consensus EPS estimate for the quarter has remained unchanged over the past 30 days. And a inventory’s worth often does not hold transferring increased within the absence of any development in earnings estimate revisions. So, make certain to regulate OPRX going ahead to see if this current leap can flip into extra energy down the highway.
The inventory at present carries a Zacks Rank #1 (Sturdy Purchase). You’ll be able to see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here >>>>
OptimizeRx is a part of the Zacks Laptop – Software program business. Simulations Plus SLP, one other inventory in the identical business, closed the final buying and selling session 1.3% decrease at $30.85. SLP has returned -9.9% up to now month.
For Simulations Plus
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OptimizeRx Corp. (OPRX) : Free Stock Analysis Report
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