Outset Medical Inc (NASDAQ: OM) on Monday, plunged -12.17% from the previous trading day, before settling in for the closing price of $0.92. Within the past 52 weeks, OM’s price has moved between $0.44 and $5.22.
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Annual sales at Healthcare sector company grew by 90.53% over the past five years. The company achieved an average annual earnings per share of 26.00%. With a float of $48.67 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 Updates
Observing investor behavior towards Medical Devices industry stocks is more important than anything else. The insider ownership of Outset Medical Inc is 8.07%, while institutional ownership is 48.24%. The most recent insider transaction that took place on Jan 13 ’25, was worth 26,914. In this transaction Chair and CEO of this company sold 33,227 shares at a rate of $0.81, taking the stock ownership to the 861,397 shares. Before that another transaction happened on Jan 13 ’25, when Company’s SVP Operations and R&D sold 15,011 for $0.81, making the entire transaction worth $12,159. This insider now owns 222,291 shares in total.
Outset Medical Inc (OM) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.36 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 26.00% per share during the next fiscal year.
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 0.37.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.77, a number that is poised to hit -0.44 in the next quarter and is forecasted to reach -1.30 in one year’s time.
Technical Analysis of Outset Medical Inc (OM)
Outset Medical Inc (NASDAQ: OM) saw its 5-day average volume 3.67 million, a positive change from its year-to-date volume of 2.85 million. As of the previous 9 days, the stock’s Stochastic %D was 10.37%. Additionally, its Average True Range was 0.17.
During the past 100 days, Outset Medical Inc’s (OM) raw stochastic average was set at 29.71%, which indicates a significant increase from 3.05% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 142.60% in the past 14 days, which was higher than the 120.30% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.9704, while its 200-day Moving Average is $1.9901. Nevertheless, the first resistance level for the watch stands at $0.8783 in the near term. At $0.9489, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.9980. If the price goes on to break the first support level at $0.7586, it is likely to go to the next support level at $0.7095. Assuming the price breaks the second support level, the third support level stands at $0.6389.
Outset Medical Inc (NASDAQ: OM) Key Stats
Market capitalization of the company is 42.77 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.
