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OptimizeRx (OPRX) Surges 19.8%: Is This an Indication of Further Gains?
OPRXOptimizeRx(OPRX) ZACKS·2024-11-07 15:16

Company Overview - OptimizeRx Corp. (OPRX) shares increased by 19.8% to close at 6.12,followinganotabletradingvolume,contrastingwitha27.46.12, following a notable trading volume, contrasting with a 27.4% loss over the past four weeks [1] - The company is experiencing strong growth through its Dynamic Audience Activation Platform, which provides predictive and secure marketing across a network connecting patients, healthcare providers, and the life sciences sector [1] Earnings Expectations - The upcoming quarterly earnings report is expected to show earnings of 0.06 per share, reflecting a year-over-year decrease of 33.3%, while revenues are projected to be 24.94million,anincreaseof52.724.94 million, an increase of 52.7% from the previous year [2] - The consensus EPS estimate for OptimizeRx has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3] Industry Context - OptimizeRx is categorized within the Zacks Computer - Software industry, where Intuit (INTU) also operates, having closed 4.8% higher at 648.39, with a 0.9% return over the past month [3] - Intuit's consensus EPS estimate has seen a slight increase of 0.1% to $2.36, representing a year-over-year change of -4.5%, and currently holds a Zacks Rank of 4 (Sell) [4]