Let’s look at the key reasons that are pushing Omnicell, Inc. (OMCL) to new highs

Omnicell, Inc. (NASDAQ: OMCL) on Monday, soared 5.44% from the previous trading day, before settling in for the closing price of $27.41. Within the past 52 weeks, OMCL’s price has moved between $26.66 and $77.14.

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During the last 5-year period, the sales growth of Healthcare Sector giant was 10.40%. The company achieved an average annual earnings per share of -38.26%. With a float of $44.60 million, this company’s outstanding shares have now reached $44.75 million.

Omnicell, Inc. (OMCL) Breakdown of a Key Holders of the stock

Observing investor behavior towards Health Information Services industry stocks is more important than anything else. The insider ownership of Omnicell, Inc. is 1.91%, while institutional ownership is 99.21%. The most recent insider transaction that took place on Jun 09, was worth 581,568. In this transaction EVP, EXECUTIVE ADVISOR of this company sold 7,951 shares at a rate of $73.14, taking the stock ownership to the 14,876 shares. Before that another transaction happened on Jun 08, when Company’s CHAIRMAN, PRESIDENT AND CEO bought 4,000 for $73.76, making the entire transaction worth $295,040. This insider now owns 318,768 shares in total.

Omnicell, Inc. (OMCL) Recent Fiscal highlights

Wall Street market experts anticipate that the next fiscal year will bring earnings of 86.45 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -38.26% per share during the next fiscal year.

Omnicell, Inc. (NASDAQ: OMCL) Trading Performance Indicators

Omnicell, Inc. (OMCL) is currently performing well based on its current performance indicators. A quick ratio of 2.22 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.15. Likewise, its price to free cash flow for the trailing twelve months is 8.73.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.45, a number that is poised to hit -0.05 in the next quarter and is forecasted to reach 1.48 in one year’s time.

Technical Analysis of Omnicell, Inc. (OMCL)

Looking closely at Omnicell, Inc. (NASDAQ: OMCL), its last 5-days average volume was 1.12 million, which is a jump from its year-to-date volume of 0.59 million. As of the previous 9 days, the stock’s Stochastic %D was 19.53%. Additionally, its Average True Range was 1.70.

During the past 100 days, Omnicell, Inc.’s (OMCL) raw stochastic average was set at 7.75%, which indicates a significant decrease from 25.17% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 69.48% in the past 14 days, which was higher than the 58.25% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $34.66, while its 200-day Moving Average is $51.32. However, in the short run, Omnicell, Inc.’s stock first resistance to watch stands at $29.48. Second resistance stands at $30.06. The third major resistance level sits at $31.04. If the price goes on to break the first support level at $27.92, it is likely to go to the next support level at $26.94. Now, if the price goes above the second support level, the third support stands at $26.36.

Omnicell, Inc. (NASDAQ: OMCL) Key Stats

Market capitalization of the company is 1.31 billion based on 45,469K outstanding shares. Right now, sales total 1,296 M and income totals 5,650 K. The company made 298,660 K in profit during its latest quarter, and 5,550 K in sales during its previous quarter.