Outset Medical Inc (NASDAQ: OM) kicked off on Monday, up 11.24% from the previous trading day, before settling in for the closing price of $0.77. Over the past 52 weeks, OM has traded in a range of $0.44-$6.37.
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A company in the Healthcare sector has jumped its sales by 202.67% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 28.15%. With a float of $48.21 million, this company’s outstanding shares have now reached $50.32 million.
In an organization with 480 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 30.97%, operating margin of -112.32%, and the pretax margin is -122.32%.
Outset Medical Inc (OM) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Medical Devices Industry. The insider ownership of Outset Medical Inc is 8.24%, while institutional ownership is 91.22%. The most recent insider transaction that took place on Aug 15 ’24, was worth 4,459. In this transaction Chair and CEO of this company sold 5,308 shares at a rate of $0.84, taking the stock ownership to the 910,496 shares. Before that another transaction happened on Aug 15 ’24, when Company’s SVP Operations and R&D sold 1,293 for $0.84, making the entire transaction worth $1,086. This insider now owns 239,397 shares in total.
Outset Medical Inc (OM) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 28.15% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 23.80% during the next five years compared to -15.08% drop over the previous five years of trading.
Outset Medical Inc (NASDAQ: OM) Trading Performance Indicators
Take a look at Outset Medical Inc’s (OM) current performance indicators. Last quarter, stock had a quick ratio of 5.04. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.39.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.77, a number that is poised to hit -0.42 in the next quarter and is forecasted to reach -1.42 in one year’s time.
Technical Analysis of Outset Medical Inc (OM)
Let’s dig in a bit further. During the last 5-days, its volume was 2.25 million. That was better than the volume of 1.36 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 67.50%. Additionally, its Average True Range was 0.08.
During the past 100 days, Outset Medical Inc’s (OM) raw stochastic average was set at 9.49%, which indicates a significant decrease from 81.04% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 105.25% in the past 14 days, which was lower than the 213.15% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.5831, while its 200-day Moving Average is $2.3832. However, in the short run, Outset Medical Inc’s stock first resistance to watch stands at $0.8948. Second resistance stands at $0.9364. The third major resistance level sits at $1.0038. If the price goes on to break the first support level at $0.7858, it is likely to go to the next support level at $0.7184. The third support level lies at $0.6768 if the price breaches the second support level.
Outset Medical Inc (NASDAQ: OM) Key Stats
The company with the Market Capitalisation of 44.30 million has total of 52,090K Shares Outstanding. Its annual sales at the moment are 130,380 K in contrast with the sum of -172,800 K annual income. Company’s last quarter sales were recorded 27,390 K and last quarter income was -34,450 K.
