Why Option Care Health (OPCH) Led the Monday Upsurge?

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We recently published a list of 10 Firms Dominate Monday Upsurge. In this article, we are going to take a look at where Option Care Health, Inc. (NASDAQ:OPCH) stands against other firms that dominated Monday upsurge.

Ten companies—predominantly in the healthcare sector—kicked off Monday’s trading with notable gains amid a series of business updates, earnings, and acquisition deals that have fueled investor confidence.

Their gains outperformed mixed trading on Wall Street, with the Dow Jones and S&P’s main index the only gainers, up 0.86 percent and 0.16 percent, respectively. Meanwhile, the Nasdaq Composite dropped by 0.38 percent.

In this article, we will take a look at what buoyed the companies’ share prices.

To come up with Monday’s top gainers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

Why Option Care Health (OPCH) Dominates Monday Upsurge?
Why Option Care Health (OPCH) Dominates Monday Upsurge?

A home infusion nurse in full PPE gown delivering treatments to a patient in their own home.

Option Care Health, Inc. (NASDAQ:OPCH)

Shares of Option Care Health, Inc. (NASDAQ:OPCH) rallied by 15.55 percent on Monday to finish the day at $27.72 apiece as investors cheered growth in its preliminary unaudited financial results for the fourth quarter and full year of 2024.

In a statement, Option Care Health, Inc. (NASDAQ:OPCH) said it expects to book a net income of $56.8 to $60.9 million, or diluted earnings per share of $0.33 to $0.36.

Meanwhile, net revenues were projected between $1.34 billion to $1.35 billion, representing approximately 19.2% to 20.1% growth over the fourth quarter of 2023.

While it did not provide any net income outlook for the year, Option Care Health said it expects net revenues this year to grow between $5.2 billion to $5.4 billion year-on-year; adjusted EBITDA of $445 million to $465 million; and adjusted earnings per share of $1.59 to $1.69.

Overall, OPCH ranks 3rd on our list of firms that dominate Monday upsurge. While we acknowledge the potential of OPCH, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than OPCH but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.