Outset Medical Inc (NASDAQ:OM) has a beta value of 2.24 and has seen 4.79 million shares traded in the last trading session. The company, currently valued at $45.84M, closed the last trade at $0.88 per share which meant it lost -$0.04 on the day or -4.49% during that session. The OM stock price is -1755.68% off its 52-week high price of $16.33 and -4.55% below the 52-week low of $0.92. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.39 million shares traded. The 3-month trading volume is 1.44 million shares.
The consensus among analysts is that Outset Medical Inc (OM) is Buy stock at the moment, with a recommendation rating of 2.25. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 8 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.42.
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Outset Medical Inc (NASDAQ:OM) trade information
Sporting -4.49% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the OM stock price touched $0.88 or saw a rise of 75.52%. Year-to-date, Outset Medical Inc shares have moved -83.73%, while the 5-day performance has seen it change -74.85%. Over the past 30 days, the shares of Outset Medical Inc (NASDAQ:OM) have changed -79.05%. Short interest in the company has seen 7.59 million shares shorted with days to cover at 5.87.
Wall Street analysts have a consensus price target for the stock at $6, which means that the shares’ value could jump 85.33% from current levels. The projected low price target is $3.0 while the price target rests at a high of $34.0. In that case, then, we find that the current price level is -3763.64% off the targeted high while a plunge would see the stock gain -240.91% from current levels.
Outset Medical Inc (OM) estimates and forecasts
Figures show that Outset Medical Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -74.19% over the past 6 months, with this year growth rate of 33.70%, compared to 17.70% for the industry. Revenue growth from the last financial year stood is estimated to be -4.80%.
7 analysts offering their estimates for the company have set an average revenue estimate of 32.29M for the current quarter. 7 have an estimated revenue figure of 36.67M for the next ending quarter. Year-ago sales stood 30.39M and 30.51M respectively for this quarter and the next, and analysts expect sales will grow by 6.30% for the current quarter and -4.80% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -15.08% over the past 5 years.
Outset Medical Inc (NASDAQ:OM)’s Major holders
Insiders own 1.77% of the company shares, while shares held by institutions stand at 98.44% with a share float percentage of 100.21%. Investors are also buoyed by the number of investors in a company, with Outset Medical Inc having a total of 175.0 institutions that hold shares in the company. The top two institutional holders are FMR LLC with over 6.95 million shares worth more than $15.42 million. As of 2024-03-31, FMR LLC held 13.8255% of shares outstanding.
The other major institutional holder is AMERIPRISE FINANCIAL INC, with the holding of over 5.11 million shares as of 2024-03-31. The firm’s total holdings are worth over $11.35 million and represent 10.1731% of shares outstanding.
