Outset Medical Inc (NASDAQ: OM) on Tuesday, soared 30.37% from the previous trading day, before settling in for the closing price of $0.91. Within the past 52 weeks, OM’s price has moved between $0.44 and $6.37.
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The company achieved an average annual earnings per share of 26.22%. With a float of $48.23 million, this company’s outstanding shares have now reached $52.54 million.
Let’s look at the performance matrix of the company that is accounted for 480 employees. 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
Observing investor behavior towards Medical Devices industry stocks is more important than anything else. The most recent insider transaction that took place on Nov 15 ’24, was worth 4,516. In this transaction Chair and CEO of this company sold 5,645 shares at a rate of $0.80, taking the stock ownership to the 904,851 shares. Before that another transaction happened on Nov 15 ’24, when Company’s SVP Operations and R&D sold 1,375 for $0.80, making the entire transaction worth $1,100. This insider now owns 238,022 shares in total.
Outset Medical Inc (OM) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 26.22% 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
Outset Medical Inc (OM) is currently performing well based on its current performance indicators. A quick ratio of 5.04 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.54.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.77, a number that is poised to hit -0.43 in the next quarter and is forecasted to reach -1.46 in one year’s time.
Technical Analysis of Outset Medical Inc (OM)
Outset Medical Inc (NASDAQ: OM) saw its 5-day average volume 0.92 million, a negative change from its year-to-date volume of 1.32 million. As of the previous 9 days, the stock’s Stochastic %D was 87.33%. Additionally, its Average True Range was 0.11.
During the past 100 days, Outset Medical Inc’s (OM) raw stochastic average was set at 16.91%, which indicates a significant decrease from 91.14% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 144.64% in the past 14 days, which was lower than the 216.85% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.6808, while its 200-day Moving Average is $2.2020. Nevertheless, the first resistance level for the watch stands at $1.3167 in the near term. At $1.4533, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.6767. If the price goes on to break the first support level at $0.9567, it is likely to go to the next support level at $0.7333. The third support level lies at $0.5967 if the price breaches the second support level.
Outset Medical Inc (NASDAQ: OM) Key Stats
Market capitalization of the company is 62.01 million based on 52,542K outstanding shares. Right now, sales total 130,380 K and income totals -172,800 K. The company made 28,670 K in profit during its latest quarter, and -27,940 K in sales during its previous quarter.
