Outset Medical Inc (NASDAQ:OM) currently has a daily average trading volume of 140.18K but it saw 650908 shares traded in last market. With a market cap of 327.86M USD, the company’s current market price of $18.50 came rising about 7.31 while comparing to the previous closing price of $17.24. In past 52 weeks, the stock remained buoying in the range of price level as high as $72.60 and as low as $5.85.
Taking a look at 20-day trading activity of Outset Medical Inc (OM) gives us an average price of $12.58, while its current price level is -74.52% below from 52-week high level whereas it is 216.24% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $11.11 while that of 200 days or SMA-200 reads an average of $13.26. A closer look into the stock’s movement over the week reveals that its volatility is standing at 18.17% during that period while stretching the period over a month that decreases to 10.58%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 75.82 which implies that the stock is in overbought territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the RBC Capital Mkts which downgraded the stock as “Sector Perform” in its note to investors issued on August 08, 2024, recommending a price target of between $6 and $3 for it. RBC Capital Mkts upgraded its recommendation for the stock as a “Outperform” from “Sector Perform” on June 21, 2024 while assigning a price target range of $5-$6. BTIG Research issued its recommendations for the stock as it initiated the price target for the stock is $6.
Over the week, OM’s stock price is moving 57.58% up while it is 67.27% when we observe its performance for the past one month. Year-to-date it is 11.11% up and over the past year, the stock is showing a downside performance of -59.83%.
The company is expected to be releasing its next quarterly report in June, for which analysts forecasted an EPS of -0.98 while estimate for next year EPS is -5.16. In next quarter, company is expected to be making quarterly sales of $30.52M as analysts are expecting the sales for current fiscal year at $122.02M and seeing the company making $136.51M in sales next year. Moreover, analysts are in estimates of $29.4M for current-quarter revenue.
Currently, Outset Medical Inc’s total number of outstanding shares is 17.72M with 0.82% of that held by the insiders while 37.65% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -42.76% and return on equity (ROE) at -86.53%. Stock’s beta reads 2.11. Stock has a price to book (P/B) ratio of 1.97 while price to sale or P/S ratio amounts to 2.84. Its return on asset (ROA) is -35.16% on average.
