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How To Know If Outset Medical Inc (NASDAQ:OM) Is Expensive At $3.41.

In last trading session, Outset Medical Inc (NASDAQ:OM) saw 0.42 million shares changing hands with its beta currently measuring 2.06. Company’s recent per share price level of $3.41 trading at $0.07 or 2.10% at ring of the bell on the day assigns it a market valuation of $171.18M. That closing price of OM’s stock is at a discount of -776.54% from its 52-week high price of $29.89 and is indicating a premium of 19.94% from its 52-week low price of $2.73. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.75 million shares which gives us an average trading volume of 1.00 million if we extend that period to 3-months.

Outset Medical Inc (NASDAQ:OM) trade information

Upright in the green during last session for gaining 2.10%, in the last five days OM remained trading in the green while hitting it’s week-highest on Friday, 02/09/24 when the stock touched $3.41 price level, adding 0.87% to its value on the day. Outset Medical Inc’s shares saw a change of -36.97% in year-to-date performance and have moved 15.59% in past 5-day. Outset Medical Inc (NASDAQ:OM) showed a performance of -33.07% in past 30-days. Number of shares sold short was 8.14 million shares which calculate 7.93 days to cover the short interests.

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Outset Medical Inc (OM) estimates and forecasts

Statistics highlight that Outset Medical Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -78.62% of value to its shares in past 6 months, showing an annual growth rate of 3.19% while that of industry is 15.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 29.10% in the current quarter and calculating 27.80% increase in the next quarter. This year revenue growth is estimated to rise 12.80% from the last financial year’s standing.

6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $30.4 million for the same. And 5 analysts are in estimates of company making revenue of $31.7 million in the next quarter that will end on Mar 2024. Company posted $32.01 million and $31.76 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -5.00% while estimating it to be -0.20% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -18.32% during past 5 years.

OM Dividends

Outset Medical Inc is more likely to be releasing its next quarterly report between February 12 and February 16 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

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