Omeros Corporation (NASDAQ:OMER) does about 592.64K shares in volume on a normal day but saw 1106866 shares change hands in Tuesday trading. The company now has a market cap of 191.75M USD. Its current market price is $3.05, marking a decrease of -4.39% compared to the previous close of $3.19. The 52 week high reached by this stock is $7.80 whilst the lowest price level in 52 weeks is $0.92.
Omeros Corporation (OMER) has a 20-day trading average at $3.75 and the current price is -60.88% off the 52-week high compared with 231.52% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.85 and its 200-day simple moving average is $3.43. If we look at the stock’s price movements over the week, volatility stands at 8.98%, which decreases to 8.00% 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 32.17 to suggest the stock is neutral.
The consensus objective for the share price is $13.00, suggesting that the stock has a potential upside of 76.54% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on December 08, 2022 when UBS downgraded the stock to “Neutral” and issued a price target of between $12 and $2. BofA Securities also downgraded the stock to “Underperform” from Neutral on November 08, 2022 at a price target of $8-$3. BofA Securities downgraded its price target at $12-$4.
Omeros Corporation (OMER) stock is down -11.34% over the week and -36.19% over the past month. Its price is -6.73% year-to-date and -31.31% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2023, with the company’s earnings per share (EPS) of -$0.15 above consensus estimates by $0.4. OMER’s earnings per share are forecast to grow by 5.30% this year and 13.50% over next year.
To reach the target analysts have set, the stock logically needs to grow 76.54 percent from here.
Outstanding shares total 61.13M with insiders holding 4.04% of the shares and institutional holders owning 39.86% of the company’s common stock. The company has a return on investment of -36.49% and return on equity of -576.33%. The beta has a value of 1.33.
