Optimi Health Corp.’s (NASDAQ:OPTH) Quiet Period Set To End on June 29th

Optimi Health’s (NASDAQ:OPTH) quiet period will end on Monday, June 29th. Optimi Health had issued 2,400,000 shares in its public offering on May 20th. The total size of the offering was $15,000,000 based on an initial share price of $6.25. During the company’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analyst Weigh In

OPTH has been the subject of several recent analyst reports. Weiss Ratings initiated coverage on Optimi Health in a research note on Thursday, May 21st. They set a “sell (d-)” rating for the company. Zacks Research upgraded Optimi Health to a “hold” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

Optimi Health Stock Performance

Shares of NASDAQ:OPTH opened at $5.03 on Monday. Optimi Health has a 12-month low of $4.00 and a 12-month high of $6.40.

Optimi Health (NASDAQ:OPTH) last released its earnings results on Monday, June 1st. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.01). The company had revenue of $0.07 million for the quarter.