A new trading day began on Tuesday, with Owens & Minor, Inc. (NYSE: OMI) stock price down -3.09% from the previous day of trading ,before settling in for the closing price of $27.22. OMI’s price has ranged from $13.34 to $28.35 over the past 52 weeks.
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During the last 5-year period, the sales growth of Healthcare Sector giant was 2.16%. Meanwhile, its annual earnings per share averaged 15.20%. With a float of $69.19 million, this company’s outstanding shares have now reached $76.55 million.
Let’s determine the extent of company efficiency that accounts for 22200 employees.
Owens & Minor, Inc. (OMI) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Medical Distribution Industry. The insider ownership of Owens & Minor, Inc. is 9.67%, while institutional ownership is 95.91%. The most recent insider transaction that took place on Feb 27 ’24, was worth 250,000. In this transaction SVP, Corporate Controller of this company sold 10,000 shares at a rate of $25.00, taking the stock ownership to the 71,654 shares. Before that another transaction happened on Feb 20 ’24, when Company’s SVP, Corporate Treasurer sold 5,000 for $22.00, making the entire transaction worth $110,000. This insider now owns 75,713 shares in total.
Owens & Minor, Inc. (OMI) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 15.20% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 18.65% during the next five years compared to 40.46% growth over the previous five years of trading.
Owens & Minor, Inc. (NYSE: OMI) Trading Performance Indicators
Here are Owens & Minor, Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.52. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.20. Likewise, its price to free cash flow for the trailing twelve months is 3.68.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.55, a number that is poised to hit 0.18 in the next quarter and is forecasted to reach 1.97 in one year’s time.
Technical Analysis of Owens & Minor, Inc. (OMI)
Looking closely at Owens & Minor, Inc. (NYSE: OMI), its last 5-days average volume was 0.44 million, which is a drop from its year-to-date volume of 0.67 million. As of the previous 9 days, the stock’s Stochastic %D was 37.15%. Additionally, its Average True Range was 0.86.
During the past 100 days, Owens & Minor, Inc.’s (OMI) raw stochastic average was set at 81.25%, which indicates a significant increase from 38.34% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.60% in the past 14 days, which was higher than the 39.97% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $23.93, while its 200-day Moving Average is $19.58. However, in the short run, Owens & Minor, Inc.’s stock first resistance to watch stands at $26.96. Second resistance stands at $27.53. The third major resistance level sits at $27.83. If the price goes on to break the first support level at $26.09, it is likely to go to the next support level at $25.79. Should the price break the second support level, the third support level stands at $25.22.
Owens & Minor, Inc. (NYSE: OMI) Key Stats
With a market capitalization of 2.02 billion, the company has a total of 76,598K Shares Outstanding. Currently, annual sales are 10,334 M while annual income is -41,300 K. The company’s previous quarter sales were 2,656 M while its latest quarter income was 17,780 K.
