Catasys Inc aka OTRK is a leading AI and technology-enabled healthcare company. Its Ontrak PRE™ (Predict-Recommend-Engage) platform predicts people whose chronic disease will improve with behavior change, recommends effective care pathways that people are willing to follow, and engages people who aren’t getting the care they need. By combining predictive analytics with human engagement, Ontrak improves member health and delivers validated, durable cost savings to healthcare payers of more than 50 percent for enrolled members.
From a fundamental standpoint, this company has been exploding with growth. Last quarter's sales were up 124%, always love when a company has triple digit sales growth.
With the second wave of Corona seemingly coming back, as we've seen with NYC announcing closures & Trump catching Covid, I wouldn't be surprised to see the "Corona-names" be relatively strong. These names are characterized as being online or new age digital technology that is further advanced the worse Covid gets. OTRK definitely falls into this category.
An entry is going to be tricky as this stock began to launch off support Friday. I'm hoping this one gives an intraday flag in the $66-67 area so we can buy through that high.