Ontrak ( (OTRK) ) has released a notification of late filing.
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Ontrak, Inc. has announced a delay in filing its Form 10-Q (Quarter Report) for the financial period ending March 31, 2025. The primary reason for the delay is the ongoing discussions with Acuitas Capital LLC regarding funding under a recent amendment to their agreement, which has impacted the company’s ability to finalize its financial statements. Ontrak expects to file the report within the 5-day extension period allowed by the SEC. The company anticipates significant changes in its financial results from the previous year, as indicated in its forward-looking statements. Ontrak is actively working to ensure compliance and the notification is signed by James J. Park, the Chief Financial Officer.
The most recent analyst rating on (OTRK) stock is a Buy with a $60.00 price target. To see the full list of analyst forecasts on Ontrak stock, see the OTRK Stock Forecast page.
Spark’s Take on OTRK Stock
According to Spark, TipRanks’ AI Analyst, OTRK is a Neutral.
Ontrak’s overall stock score is low due to significant financial challenges, including declining revenues and high leverage. While the company has potential growth opportunities from new customer acquisitions, these are overshadowed by its current financial instability and lack of profitability. Technical indicators show a bearish trend, and valuation metrics reflect ongoing financial difficulties.
To see Spark’s full report on OTRK stock, click here.
More about Ontrak
Average Trading Volume: 17,632
Technical Sentiment Signal: Sell
Current Market Cap: $7.27M
Find detailed analytics on OTRK stock on TipRanks’ Stock Analysis page.