Omeros Corporation (NASDAQ:OMER) does about 972.31K shares in volume on a normal day but saw 2105925 shares change hands in Friday trading. The company now has a market cap of 719.09M USD and an enterprise value of about $900.62M. Its current market price is $13.56, marking an increase of 2.77% compared to the previous close of $13.19. The 52 week high reached by this stock is $25.46 whilst the lowest price level in 52 weeks is $8.50. The script in recent trading has seen the stock touch a high of $14.05 and a low of $12.96.
Omeros Corporation (OMER) has a 20-day trading average at $14.25 and the current price is -46.76% off the 52-week high compared with 59.47% distance from its 52-week low. The 50-day simple moving average of the closing price is $14.55 and its 200-day simple moving average is $14.14. If we look at the stock’s price movements over the week, volatility stands at 16.00%, which decreases to 7.13% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 46.96 to suggest the stock is neutral.
The median price target is 49.78% away from the current levels at $27.00.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 14, 2020 when Maxim Group reiterated the stock to “Buy” and issued a price target of between $25 and $20. Seaport Global Securities initiated its price target at $30.
The current price level is -5.17%, -6.94%, and -4.24% away from its SMA20, SMA50, and SMA200 respectively, with the OMER price moving above the 50-day SMA on August 14. Omeros Corporation (OMER) stock is down -4.07% over the week and -6.39% over the past month. Its price is -3.80% year-to-date and -27.05% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of -$0.61 above consensus estimates by $0.03. OMER’s earnings per share are forecast to shrink by -24.60% this year and 13.10% over next year. Expected sales for next quarter are $15.14 million, which analysts say will come at $77.46 million for the current fiscal year and next year at $90.78 million. In addition, estimates put the company’s current quarterly revenue at an average of $24.8 million.
Its 12-month price target is $27.00. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $17.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $34.00.
Outstanding shares total 54.51M with insiders holding 5.39% of the shares and institutional holders owning 54.51% of the company’s common stock. The company has a return on investment of -121.90% and return on equity of 79.70%. The beta has a value of 1.74. Price to sales ratio is 7.17.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has reduced its position in Omeros Corporation (OMER) to 1,463,077 shares, mirroring a recent drop by -0.39%. Vanguard Total Stock Market Index dumped 5717.0 shares of Omeros Corporation common stock bringing its total worth to about $18.77 million at the end of recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by iShares Russell 2000 ETF, which sold off 51170.0 shares to end up with 1,093,147 shares worth $14.03 million. Vanguard Extended Market Index Fu raise their holdings by 0.89% in the company over the course of the most recent quarter. It now holds a 1.38% position in Omeros Corporation thanks to 0.75 million shares amounting to $9.62 million.