On Friday, Outset Medical Inc (NASDAQ: OM) was -9.89% down from the session before settling in for the closing price of $2.28. A 52-week range for OM has been $1.94 – $24.13.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Healthcare sector company grew by 202.67% over the past five years. When this article was written, the company’s average yearly earnings per share was at 22.91%. With a float of $46.36 million, this company’s outstanding shares have now reached $50.32 million.
Let’s look at the performance matrix of the company that is accounted for 480 employees.
Outset Medical Inc (OM) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Outset Medical Inc stocks. The insider ownership of Outset Medical Inc is 8.20%, while institutional ownership is 110.03%. The most recent insider transaction that took place on Mar 15 ’24, was worth 5,093. In this transaction SVP Operations and R&D of this company sold 2,391 shares at a rate of $2.13, taking the stock ownership to the 242,510 shares. Before that another transaction happened on Mar 01 ’24, when Company’s Chief Financial Officer sold 1,584 for $3.15, making the entire transaction worth $4,990. This insider now owns 322,877 shares in total.
Outset Medical Inc (OM) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 22.91% per share during the next fiscal year.
Outset Medical Inc (NASDAQ: OM) Trading Performance Indicators
You can see what Outset Medical Inc (OM) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 4.37. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.79.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.49, a number that is poised to hit -0.55 in the next quarter and is forecasted to reach -1.79 in one year’s time.
Technical Analysis of Outset Medical Inc (OM)
Outset Medical Inc (NASDAQ: OM) saw its 5-day average volume 1.55 million, a positive change from its year-to-date volume of 1.06 million. As of the previous 9 days, the stock’s Stochastic %D was 35.50%. Additionally, its Average True Range was 0.26.
During the past 100 days, Outset Medical Inc’s (OM) raw stochastic average was set at 2.48%, which indicates a significant decrease from 14.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 118.73% in the past 14 days, which was higher than the 90.00% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.75, while its 200-day Moving Average is $8.13. Nevertheless, the first resistance level for the watch stands at $2.21 in the near term. At $2.37, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.47. If the price goes on to break the first support level at $1.95, it is likely to go to the next support level at $1.85. Assuming the price breaks the second support level, the third support level stands at $1.69.
Outset Medical Inc (NASDAQ: OM) Key Stats
There are 50,506K outstanding shares of the company, which has a market capitalization of 103.55 million. As of now, sales total 130,380 K while income totals -172,800 K. Its latest quarter income was 30,510 K while its last quarter net income were -38,600 K.
