How to Buy Ontrak Stock
Ontrak Inc
Ontrak, Inc. operates as an artificial intelligence powered, telehealth-enabled, and virtualized healthcare company that provides in-person services to health plans and other third-party payors in the United States.
Ontrak stock last closed at $0.26, down 8.6% from the previous day, and has decreased 90.34% in one year. It has underperformed other stocks in the Health Information Services industry by 0.71 percentage points. Ontrak stock is currently +88.89% from its 52-week low of $0.14, and -93.75% from its 52-week high of $4.08.
There are currently 47.97M OTRK shares outstanding. The market capitalization of OTRK is $12.23M. In the past 24 hours, 893,576 OTRK shares were traded.
How to Buy Ontrak Stock
Not sure how to invest in Ontrak stock? Here's how.
- Choose where to buy Ontrak stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you choose where to buy Ontrak stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Select your method of payment and add your details.
- Evaluate Ontrak stock: The Ontrak ticker symbol is OTRK. Is Ontrak stock a good investment? Should you buy shares of OTRK? How do OTRK's underlying business fundamentals look? Do top analysts think Ontrak is a good buy? Why has OTRK's stock price moved recently? (Hint: Our stock market research tools can help you figure out if OTRK is a good stock to buy).
- Execute your OTRK buy order: Decide if you will purchase OTRK shares at the current market price or use a limit order to purchase OTRK stock at a given price.
- Keep tabs on your OTRK investment: Create a watchlist to important notifications about your investment in Ontrak stock.
Step 1: Choose where to buy Ontrak stock
You will need a brokerage account to access the NASDAQ market and buy OTRK shares.
Our recommended brokerage: eToro
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Get $10 towards your share purchase by opening an account with eToro today.
Open eToro AccountStep 2: Create your brokerage account
Now that you've picked your brokerage, you need to fill out some personal details so you are able to buy OTRK today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to open your new brokerage account.
- Send your data by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have opened your account on the best stock app, you can securely and quickly fund your account:
Check out the video below to see the process of depositing money into your investment account.
Step 4: Evaluate Ontrak stock
Once you have identified the best place to buy Ontrak stock, it's crucial to analyze their stock before you invest, so you truly comprehend the risk and upside.
Ontrak stock data
Ontrak Overview
WallStreetZen was designed to help average investors do more in-depth fundamental analysis.
You can view all of the due diligence checks on OTRK's stock page.
How is OTRK stock valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge OTRK's intrinsic value.
Using relative valuations metrics:
- OTRK could be undervalued based on its P/B ratio of 0.58x, relative to Health Information Services industry P/B ratio of 3.33x
You can access more valuation research on OTRK's stock here.
OTRK Financials at a glance
Pros:
- Total OTRK debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the OTRK balance sheet.
- OTRK has a low debt to equity ratio of 0.26.
- There are more short-term assets than long-term liabilities on the OTRK balance sheet.
- OTRK has $6.40M in cash and short term investments. This is enough to cover its annual cash burn of $14.10M.
Cons:
- OTRK profit margin has gone up by 2.04 percentage points in the past year, but the company is still unprofitable.
- OTRK has cash burn of 14101000. It does not have enough cash and short-term investments to cover this.
Is it a good time to buy Ontrak stock, according to Wall Street analysts?
Out of 1 sell side analysts who give ratings on OTRK, the consensus analyst rating on OTRK is a Strong Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dig deeper into what analysts are projecting on the Ontrak stock forecast page.
OTRK Technicals
Is OTRK Growing Revenue?
Last year, OTRK revenue was $12.89M. Over the last 5 year, OTRK's revenue has grown by -8.48% per year. This was slower than the Health Information Services industry average of 19.71%.
Dive into OTRK's earnings and revenue performance here.
Who is buying/selling OTRK?
In the past year, insiders at OTRK have bought more shares than they have sold.
Terren S. Peizer, 10% Owner of OTRK, was the latest OTRK insider to buy. They bought $5,416,437.00 worth of OTRK stock on Dec 20, 2023.
Dig into more about who owns OTRK stock here.
Can I rely on OTRK as an income stream?
No, Ontrak doesn't provide an income stream by paying out dividends.
Get analysis from other investors
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Execute your OTRK buy order
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually fine for most investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a particular price, place a limit order.
Click the Open button and eToro will place your order.
If you need more assistance investing in stocks on eToro, watch the helpful video below:
Step 6: Keep tabs on your OTRK investment
Now that you own some OTRK stock, you'll want to keep up with your new investment.
Start a watchlist to track the most important metrics related to your OTRK stock.
OTRK Feed
How to Buy Stock in Ontrak
To reiterate, here are the 6 steps for buying Ontrak stock:
- Choose where to buy Ontrak stock
- Create your brokerage account
- Deposit funds into your investment account
- Evaluate Ontrak stock
- Execute your OTRK buy order
- Keep tabs on your OTRK investment
If you need a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to get updates on your new investment in Ontrak, add OTRK to your watchlist by clicking the button below.
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