Omeros Corporation (NASDAQ: OMER): To Buy Or Not To Buy, That Is The Question

Omeros Corporation (OMER) concluded trading on Thursday at a closing price of $6.95, with 14.2 million shares of worth about $98.68 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 109.97% during that period and on November 14, 2024 the price saw a gain of about 65.87%. Currently the company’s common shares owned by public are about 61.13M shares, out of which, 55.36M shares are available for trading.

Stock saw a price change of 54.44% in past 5 days and over the past one month there was a price change of 67.87%. Year-to-date (YTD), OMER shares are showing a performance of 112.54% which increased to 366.44% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.38 but also hit the highest price of $5.68 during that period. The average intraday trading volume for Omeros Corporation shares is 243.13K. The stock is currently trading 58.42% above its 20-day simple moving average (SMA20), while that difference is up 70.30% for SMA50 and it goes to 74.60% higher than SMA200.

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Omeros Corporation (NASDAQ: OMER) currently have 61.13M outstanding shares and institutions hold larger chunk of about 43.33% of that.

The stock has a current market capitalization of $402.74M and its 3Y-monthly beta is at 1.48. It has posted earnings per share of -$2.30 in the same period. It has Quick Ratio of 2.96. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OMER, volatility over the week remained 18.01% while standing at 7.57% over the month.

Stock’s fiscal year EPS is expected to drop by -55.14% while it is estimated to increase by 16.00% 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 Rodman & Renshaw on Nov-15-24 offering a Buy rating for the stock and assigned a target price of $9 to it. Coverage by UBS stated Omeros Corporation (OMER) stock as a Neutral in their note to investors on December 08, 2022, suggesting a price target of $2 for the stock. On November 08, 2022, BofA Securities Downgrade their recommendations, while on June 08, 2022, BofA Securities Downgrade their ratings for the stock with a price target of $4. Stock get an Underweight rating from JP Morgan on October 08, 2021.

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