A new trading day began on Friday, with Outset Medical Inc (NASDAQ: OM) stock price down -8.01% from the previous day of trading, before settling in for the closing price of $0.86. OM’s price has ranged from $0.44 to $6.37 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Healthcare sector saw sales topped by 202.67%. Meanwhile, its annual earnings per share averaged 28.15%. With a float of $48.21 million, this company’s outstanding shares have now reached $50.32 million.
The extent of productivity of a business whose workforce counts for 480 workers is very important to gauge. 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 Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Medical Devices Industry. The insider ownership of Outset Medical Inc is 8.24%, while institutional ownership is 51.53%. The most recent insider transaction that took place on Nov 15 ’24, was worth 4,516. Before that another transaction happened on Nov 15 ’24, when Company’s Officer proposed sale 1,375 for $0.80, making the entire transaction worth $1,100.
Outset Medical Inc (OM) Performance Highlights and Predictions
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.59 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.35 per share during the current fiscal year.
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
Here are Outset Medical Inc’s current performance indicators. According to the last quarter’s results, the 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 0.33.
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)
The latest stats from [Outset Medical Inc, OM] show that its last 5-days average volume of 0.8 million was inferior to 1.35 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 74.95%. Additionally, its Average True Range was 0.08.
During the past 100 days, Outset Medical Inc’s (OM) raw stochastic average was set at 8.10%, which indicates a significant decrease from 65.84% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 113.11% in the past 14 days, which was lower than the 211.00% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.6105, while its 200-day Moving Average is $2.3363. Now, the first resistance to watch is $0.8433. This is followed by the second major resistance level at $0.8947. The third major resistance level sits at $0.9286. If the price goes on to break the first support level at $0.7580, it is likely to go to the next support level at $0.7241. Assuming the price breaks the second support level, the third support level stands at $0.6727.
Outset Medical Inc (NASDAQ: OM) Key Stats
With a market capitalization of 38.28 million, the company has a total of 52,542K Shares Outstanding. Currently, annual sales are 130,380 K while annual income is -172,800 K. The company’s previous quarter sales were 28,670 K while its latest quarter income was -27,940 K.
