Ontrak (NASDAQ:OTRK) Issues Earnings Results

Ontrak (NASDAQ:OTRKGet Free Report) announced its earnings results on Tuesday. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.08, Zacks reports. Ontrak had a negative return on equity of 657.19% and a negative net margin of 219.10%. The company had revenue of $2.68 million during the quarter, compared to the consensus estimate of $2.70 million. During the same period last year, the firm earned ($2.22) earnings per share. Ontrak updated its Q2 2024 guidance to EPS.

Ontrak Stock Down 10.2 %

Shares of Ontrak stock traded down $0.03 on Wednesday, hitting $0.27. 717,122 shares of the company’s stock traded hands, compared to its average volume of 4,901,768. Ontrak has a 52-week low of $0.14 and a 52-week high of $4.08. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.10. The stock has a market cap of $12.84 million, a P/E ratio of -0.04 and a beta of 2.50. The firm’s 50-day moving average is $0.32 and its 200 day moving average is $0.39.

Ontrak Company Profile

(Get Free Report)

Ontrak, Inc operates as an artificial intelligence powered, telehealth-enabled, and virtualized healthcare company that provides in-person services to third-party payors in the United States. Its technology-enabled platform predicts people whose chronic disease will improve with behavior change, recommends effective care pathways that people are willing to follow, and engages and guides them to and through the care they need.

Further Reading

Earnings History for Ontrak (NASDAQ:OTRK)

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