On Friday, Outset Medical Inc (NASDAQ: OM) opened higher 3.11% from the last session, before settling in for the closing price of $2.25. Price fluctuations for OM have ranged from $1.92 to $24.13 over the past 52 weeks.
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Annual sales at Healthcare sector company grew by 202.67% over the past five years. Company’s average yearly earnings per share was noted 22.82% at the time writing. 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
A key investor’s attitude towards the stock of the Medical Devices industry is another important factor to consider. The insider ownership of Outset Medical Inc is 8.20%, while institutional ownership is 109.96%. 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 9.45 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 22.82% per share during the next fiscal year.
Outset Medical Inc (NASDAQ: OM) Trading Performance Indicators
Check out the current performance indicators for Outset Medical Inc (OM). In the past 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 0.90.
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 -1.80 in one year’s time.
Technical Analysis of Outset Medical Inc (OM)
Outset Medical Inc (NASDAQ: OM) saw its 5-day average volume 0.82 million, a negative change from its year-to-date volume of 1.05 million. As of the previous 9 days, the stock’s Stochastic %D was 40.93%. Additionally, its Average True Range was 0.24.
During the past 100 days, Outset Medical Inc’s (OM) raw stochastic average was set at 8.99%, which indicates a significant decrease from 50.63% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 113.70% in the past 14 days, which was higher than the 88.52% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.66, while its 200-day Moving Average is $7.65. Nevertheless, the first resistance level for the watch stands at $2.39 in the near term. At $2.46, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.55. If the price goes on to break the first support level at $2.22, it is likely to go to the next support level at $2.13. Assuming the price breaks the second support level, the third support level stands at $2.06.
Outset Medical Inc (NASDAQ: OM) Key Stats
There are currently 51,702K shares outstanding in the company with a market cap of 117.18 million. Presently, the company’s annual sales total 130,380 K according to its annual income of -172,800 K. Last quarter, the company’s sales amounted to 30,510 K and its income totaled -38,600 K.
