Witnessing the stock’s movement on the chart, on Wednesday, Outset Medical Inc (NASDAQ: OM) had a quiet start as it plunged -7.77% to $2.32, before settling in for the price of $2.51 at the close. Taking a more long-term approach, OM posted a 52-week range of $1.94-$24.13.
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The Healthcare sector firm’s twelve-monthly sales growth has been 202.67% for the last half of the decade. Meanwhile, its Annual Earning per share during the time was -15.08%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 22.91%. This publicly-traded company’s shares outstanding now amounts to $50.32 million, simultaneously with a float of $46.36 million. The organization now has a market capitalization sitting at $116.93 million. At the time of writing, stock’s 50-day Moving Average stood at $2.79, while the 200-day Moving Average is $8.32.
Outset Medical Inc (OM) Ownership Facts and Figures
Nothing is more important than checking the behaviour of major investors towards the stock of the Medical Devices industry. Outset Medical Inc’s current insider ownership accounts for 8.20%, in contrast to 105.24% institutional ownership. According to the most recent insider trade that took place on Mar 15 ’24, this organization’s SVP Operations and R&D sold 2,391 shares at the rate of 2.13, making the entire transaction reach 5,093 in total value, affecting insider ownership by 242,510. Preceding that transaction, on Mar 01 ’24, Company’s Chief Financial Officer sold 1,584 for 3.15, making the whole transaction’s value amount to 4,990. This particular insider is now the holder of 322,877 in total.
Outset Medical Inc (OM) Earnings and Revenue Records
As on 12/30/2023, Multinational firm has announced its last quarter scores, in which it reported -$0.59 earnings per share (EPS) for the period topping the consensus outlook (set at -$0.61) by $0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.53 per share during the current fiscal year.
Outset Medical Inc’s EPS increase for this current 12-month fiscal period is 22.91% and is forecasted to reach -1.79 in the upcoming year.
Outset Medical Inc (NASDAQ: OM) Trading Performance Indicators
Let’s observe the current performance indicators for Outset Medical Inc (OM). It’s Quick Ratio in the last reported quarter now stands at 4.37. The Stock has managed to achieve an average true range (ATR) of 0.27. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.90.
In the same vein, OM’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -3.49, a figure that is expected to reach -0.55 in the next quarter, and analysts are predicting that it will be -1.79 at the market close of one year from today.
Technical Analysis of Outset Medical Inc (OM)
Going through the that latest performance of [Outset Medical Inc, OM]. Its last 5-days volume of 1.65 million indicated improvement to the volume of 1.06 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 69.83% While, its Average True Range was 0.27.
Raw Stochastic average of Outset Medical Inc (OM) in the period of the previous 100 days is set at 8.47%, which indicates a major fall in contrast to 48.70% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 114.74% that was higher than 89.06% volatility it exhibited in the past 100-days period.
