Outset Medical Inc (OM) concluded trading on Thursday at a closing price of $0.78, with 5.17 million shares of worth about $4.03 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -76.27% during that period and on November 07, 2024 the price saw a gain of about 25.18%. Currently the company’s common shares owned by public are about 50.32M shares, out of which, 47.80M shares are available for trading.
Stock saw a price change of 36.16% in past 5 days and over the past one month there was a price change of 23.23%. Year-to-date (YTD), OM shares are showing a performance of -85.65% which decreased to -81.99% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.44 but also hit the highest price of $6.37 during that period. The average intraday trading volume for Outset Medical Inc shares is 1.90 million. The stock is currently trading 31.06% above its 20-day simple moving average (SMA20), while that difference is up 35.58% for SMA50 and it goes to -67.80% lower than SMA200.
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Outset Medical Inc (NASDAQ: OM) currently have 50.32M outstanding shares and institutions hold larger chunk of about 98.36% of that.
The stock has a current market capitalization of $40.43M and its 3Y-monthly beta is at 1.97. It has posted earnings per share of -$2.77 in the same period. It has Quick Ratio of 5.04 while making debt-to-equity ratio of 4.23. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OM, volatility over the week remained 16.06% while standing at 8.80% over the month.
Stock’s fiscal year EPS is expected to rise by 28.15% while it is estimated to increase by 27.06% in next year. EPS is likely to grow at an annualized rate of 23.80% for next 5-years, compared to annual growth of -15.08% made by the stock over the past 5-years.
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 RBC Capital Mkts on August 08, 2024 offering a Sector perform rating for the stock and assigned a target price range of between $6 and $3 to it. Coverage by RBC Capital Mkts stated Outset Medical Inc (OM) stock as an Outperform in their note to investors on June 21, 2024, suggesting a price target of $6 for the stock. On April 08, 2024, BTIG Research Initiated their recommendations, while on April 05, 2024, CL King Upgrade their ratings for the stock with a price target of $6. Stock get a Sector perform rating from RBC Capital Mkts on January 12, 2024.
