A new trading day began on November 20, 2023, with Outset Medical Inc (NASDAQ: OM) stock priced at $5.22, up 4.07% from the previous day of trading. During the day, the shares moved up to $5.51 and dropped to $5.17 before settling in for the closing price of $5.16. OM’s price has ranged from $2.90 to $30.55 over the past 52 weeks.
Over the past five-year period, the growth rate of yearbook sales for the company of the Healthcare sector was 250.09%. Meanwhile, its annual earnings per share averaged -1.11%. With a float of $49.13 million, this company’s outstanding shares have now reached $50.20 million.
Considering the fact that the conglomerate employs 518 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +15.46, operating margin of -139.56, and the pretax margin is -140.98.
Outset Medical Inc (OM) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Medical Devices Industry. The insider ownership of Outset Medical Inc is 2.15%, while institutional ownership is 110.86%. The most recent insider transaction that took place on Nov 16, was worth 17,060. In this transaction Chief Commercial Officer of this company sold 3,584 shares at a rate of $4.76, taking the stock ownership to the 112,994 shares. Before that another transaction happened on Nov 16, when Company’s Chair and CEO sold 3,175 for $4.76, making the entire transaction worth $15,113. This insider now owns 403,287 shares in total.
Outset Medical Inc (OM) Recent Fiscal highlights
In its latest quarterly report, released on 9/29/2023, the company reported earnings of -$0.71 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of -141.24 while generating a return on equity of -52.56. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.52 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -1.11% per share during the next fiscal year.
Outset Medical Inc (NASDAQ: OM) Trading Performance Indicators
Here are Outset Medical Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 4.44. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.04.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.58, a number that is poised to hit -0.64 in the next quarter and is forecasted to reach -2.06 in one year’s time.
Technical Analysis of Outset Medical Inc (OM)
Compared to the last year’s volume of 0.74 million, its volume of 1.18 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 89.37%. Additionally, its Average True Range was 0.51.
During the past 100 days, Outset Medical Inc’s (OM) raw stochastic average was set at 12.63%, which indicates a significant decrease from 93.36% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 113.01% in the past 14 days, which was lower than the 137.57% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.12, while its 200-day Moving Average is $16.67. Nevertheless, the first resistance level for the watch stands at $5.53 in the near term. At $5.69, the stock is likely to face the second major resistance level. The third major resistance level sits at $5.87. If the price goes on to break the first support level at $5.19, it is likely to go to the next support level at $5.01. Now, if the price goes above the second support level, the third support stands at $4.85.
Outset Medical Inc (NASDAQ: OM) Key Stats
With a market capitalization of 269.57 million, the company has a total of 50,205K Shares Outstanding. Currently, annual sales are 115,380 K while annual income is -162,960 K. The company’s previous quarter sales were 30,360 K while its latest quarter income was -46,180 K.