Is Omnicell, Inc. (NASDAQ: OMCL) Proving The Doubters Wrong?

Omnicell, Inc. (OMCL) concluded trading on Thursday at a closing price of $29.23, with 0.45 million shares of worth about $13.08 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -34.46% during that period and on March 28, 2024 the price saw a loss of about -0.03%. Currently the company’s common shares owned by public are about 45.54M shares, out of which, 44.86M shares are available for trading.

However, the stock later moved at a day high price of 29.70, or with a loss of -0.03%. Stock saw a price change of 2.78% in past 5 days and over the past one month there was a price change of 11.78%. Year-to-date (YTD), OMCL shares are showing a performance of -22.32% which decreased to -46.15% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $25.69 but also hit the highest price of $77.14 during that period. The average intraday trading volume for Omnicell, Inc. shares is 577.37K. The stock is currently trading 5.46% above its 20-day simple moving average (SMA20), while that difference is down -0.75% for SMA50 and it goes to -34.73% lower than SMA200.

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Omnicell, Inc. (NASDAQ: OMCL) currently have 45.54M outstanding shares and institutions hold larger chunk of about 99.01% of that.

The stock has a current market capitalization of $1.34B and its 3Y-monthly beta is at 0.76. It has posted earnings per share of -$0.45 in the same period. It has Quick Ratio of 2.22 while making debt-to-equity ratio of 0.52. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OMCL, volatility over the week remained 3.67% while standing at 3.69% over the month.

Analysts are in expectations that Omnicell, Inc. (OMCL) stock would likely to be making an EPS of -$0.09 in the current quarter, while forecast for next quarter EPS is $0.27 and it is $1.43 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.21 which is -$0.04 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.39 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -44.10% while it is estimated to increase by 34.43% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on January 03, 2024 offering an Underweight rating for the stock and assigned a target price of $33 to it. Coverage by Wells Fargo stated Omnicell, Inc. (OMCL) stock as an Equal weight in their note to investors on November 03, 2023, suggesting a price target of $28 for the stock. Stock get a Sector weight rating from KeyBanc Capital Markets on October 11, 2023.

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