Let’s look at the key reasons that are pushing Outset Medical Inc (OM) to new highs

Outset Medical Inc (NASDAQ: OM) kicked off on Monday, up 10.00% from the previous trading day, before settling in for the closing price of $1.20. Over the past 52 weeks, OM has traded in a range of $0.44-$6.37.

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During the last 5-year period, the sales growth of Healthcare Sector giant was 202.67%. While this was happening, its average annual earnings per share was recorded 26.22%. With a float of $48.23 million, this company’s outstanding shares have now reached $52.54 million.

Let’s determine the extent of company efficiency that accounts 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) 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 Devices Industry. The insider ownership of Outset Medical Inc is 8.22%, while institutional ownership is 48.61%. 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) Recent Fiscal highlights

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

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 0.61.

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)

Looking closely at Outset Medical Inc (NASDAQ: OM), its last 5-days average volume was 1.4 million, which is a jump from its year-to-date volume of 1.31 million. As of the previous 9 days, the stock’s Stochastic %D was 73.17%. Additionally, its Average True Range was 0.12.

During the past 100 days, Outset Medical Inc’s (OM) raw stochastic average was set at 23.89%, which indicates a significant decrease from 87.63% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 114.83% in the past 14 days, which was lower than the 215.62% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $0.7348, while its 200-day Moving Average is $2.1581. However, in the short run, Outset Medical Inc’s stock first resistance to watch stands at $1.3854. Second resistance stands at $1.4507. The third major resistance level sits at $1.5415. If the price goes on to break the first support level at $1.2293, it is likely to go to the next support level at $1.1385. Now, if the price goes above the second support level, the third support stands at $1.0732.

Outset Medical Inc (NASDAQ: OM) Key Stats

The company with the Market Capitalisation of 69.94 million has total of 52,542K 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 28,670 K and last quarter income was -27,940 K.