Let’s look at the key reasons that are pushing Owens & Minor, Inc. (OMI) to new highs

Owens & Minor, Inc. (NYSE: OMI) kicked off on Friday, up 7.92% from the previous trading day, before settling in for the closing price of $14.39. Over the past 52 weeks, OMI has traded in a range of $12.36-$28.35.

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Healthcare Sector giant saw their annual sales surged by 2.16% over the last five years. While this was happening, its average annual earnings per share was recorded 17.31%. With a float of $68.47 million, this company’s outstanding shares have now reached $76.55 million.

The firm has a total of 22200 workers. Let’s measure their productivity. In terms of profitability, gross margin is 19.47%, operating margin of 1.77%, and the pretax margin is -0.32%.

Owens & Minor, Inc. (OMI) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Medical Distribution Industry. The insider ownership of Owens & Minor, Inc. is 11.19%, while institutional ownership is 95.11%. The most recent insider transaction that took place on Aug 22 ’24, was worth 118,725. In this transaction SVP, Corp Treasurer, Intm CFO of this company sold 7,500 shares at a rate of $15.83, taking the stock ownership to the 93,171 shares. Before that another transaction happened on Aug 22 ’24, when Company’s Officer proposed sale 7,500 for $15.83, making the entire transaction worth $118,725.

Owens & Minor, Inc. (OMI) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around 17.31% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 17.60% 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

Take a look at Owens & Minor, Inc.’s (OMI) current performance indicators. Last quarter, stock had a quick ratio of 0.51. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.11. Likewise, its price to free cash flow for the trailing twelve months is 8.32.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.56, a number that is poised to hit 0.41 in the next quarter and is forecasted to reach 1.92 in one year’s time.

Technical Analysis of Owens & Minor, Inc. (OMI)

Analysing the last 5-days average volume posted by the [Owens & Minor, Inc., OMI], we can find that recorded value of 0.66 million was lower than the volume posted last year of 0.79 million. As of the previous 9 days, the stock’s Stochastic %D was 37.06%. Additionally, its Average True Range was 0.71.

During the past 100 days, Owens & Minor, Inc.’s (OMI) raw stochastic average was set at 23.55%, which indicates a significant decrease from 56.35% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 51.36% in the past 14 days, which was lower than the 67.31% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $15.18, while its 200-day Moving Average is $19.63. Now, the first resistance to watch is $15.93. This is followed by the second major resistance level at $16.33. The third major resistance level sits at $17.02. If the price goes on to break the first support level at $14.84, it is likely to go to the next support level at $14.15. Now, if the price goes above the second support level, the third support stands at $13.75.

Owens & Minor, Inc. (NYSE: OMI) Key Stats

The company with the Market Capitalisation of 1.20 billion has total of 76,499K Shares Outstanding. Its annual sales at the moment are 10,334 M in contrast with the sum of -41,300 K annual income. Company’s last quarter sales were recorded 2,671 M and last quarter income was -31,910 K.