OptimizeRx - Super Growth

The Barchart Chart of the Day belongs to the medical information company OptimizeRx (OTC: OPRX). I found the stock by first using Value Line to screen for stock their analysts predict will have a compounded annual revenue growth rate of over % for the next 5 years. I input that list into Barchart and sorted for the highest technical buy signals, then used the Flipchart function to review the charts of consistent price appreciation. Since the Trend Spotter signaled a buy on  the stock gained 19.56%.

OptimizeRx Corporation operates as a digital health company that facilitates communication at point-of-care among various stakeholders in healthcare. Its cloud-based solution supports patient adherence to medications by providing real-time access to financial assistance, prior authorization, and critical clinical information; and network consists of electronic health record company platforms, which provide the ambulatory patient market with access to their workflow at the point-of-care. Its products and applications include financial messaging, a virtual patient support center that allows doctors and staff to access sample vouchers, co-pay coupons, and other patient support through their EMR and/or e-prescribe systems; and brand awareness and clinical messaging services. The company's products and applications also comprise brand support services, which focuses on educating and working with pharmaceutical manufacturers on identifying, formulating, and implementing new eRx media strategies, including drug file integration, sales force training, and strategy development services for promoting their products. In addition, it operates cloud based Mobile Health Messenger platform that provides interactive health messaging for enhanced medication adherence and care coordination; and HIPAA-compliant automated mobile messaging platform that allows pharmaceutical manufactures and related entities to directly engage with patients to enhance regimen compliance. Further, the company offers patient programs with treatment and affordability information, lifestyle and condition trackers, Internet device connectivity, forms, and surveys. OptimizeRx Corporation is headquartered in Rochester, Michigan.

OPRX OptimizeRX

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart technical indicators:

  • 100% technical buy signals
  • 56.80+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 17.67% in the last month
  • Relative Strength Index 68.23%
  • Technical support level at 17.28
  • Recently traded at 17.92 with a 50 day moving average of 14.82

Fundamental factors:

  • Market Cap $263 million
  • Revenue expected to grow 42.30% this year and another 25.40% next year
  • Earnings estimated to increase 700.00% next year and continue to compound at an annual rate of 50.0% for the next 5 years
  • Wall Street analysts issued 3 strong buy recommendations on the stock
  • 996 investors are monitoring the stock on Seeking Alpha

Disclosure: None.

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