Outset Medical Inc (NASDAQ:OM) Stock Dropped -84.84% Year-To-Date, What Analysts Expect Next?

In last trading session, Outset Medical Inc (NASDAQ:OM) saw 1.85 million shares changing hands with its beta currently measuring 2.14. Company’s recent per share price level of $0.82 trading at -$0.01 or -1.54% at ring of the bell on the day assigns it a market valuation of $42.72M. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.87 million shares which gives us an average trading volume of 1.54 million if we extend that period to 3-months.

For Outset Medical Inc (OM), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.25. Splitting up the data highlights that, out of 8 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.42 in the current quarter.

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Outset Medical Inc (NASDAQ:OM) trade information

Upright in the red during last session for losing -1.54%, in the last five days OM remained trading in the red while hitting it’s week-highest on Friday, 08/09/24 when the stock touched $0.82 price level, adding 28.7% to its value on the day. Outset Medical Inc’s shares saw a change of -84.84% in year-to-date performance and have moved -23.35% in past 5-day. Outset Medical Inc (NASDAQ:OM) showed a performance of -81.49% in past 30-days. Number of shares sold short was 7.1 million shares which calculate 12.44 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 6 to the stock, which implies a rise of 86.33% to its current value. Analysts have been projecting 3 as a low price target for the stock while placing it at a high target of 34. It follows that stock’s current price would drop -265.85% in reaching the projected high whereas dropping to the targeted low would mean a loss of -265.85% for stock’s current value.

Outset Medical Inc (OM) estimates and forecasts

Statistics highlight that Outset Medical Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -76.09% of value to its shares in past 6 months, showing an annual growth rate of 32.59% while that of industry is 18.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -11.30% 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 29.11M for the same. And 6 analysts are in estimates of company making revenue of 31.12M in the next quarter. Company posted 30.39M and 30.51M of sales in current and next quarters respectively a year earlier.

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 -15.08% during past 5 years.

Outset Medical Inc (NASDAQ:OM)’s Major holders

Insiders are in possession of 2.17% of company’s total shares while institution are holding 94.91 percent of that, with stock having share float percentage of 97.01%. Investors also watch the number of corporate investors in a company very closely, which is 94.91% institutions for Outset Medical Inc that are currently holding shares of the company. FMR LLC is the top institutional holder at OM for having 6.95 million shares of worth $15.42 million. And as of 2024-03-31, it was holding 13.8255 of the company’s outstanding shares.

The second largest institutional holder is AMERIPRISE FINANCIAL INC, which was holding about 5.11 million shares on 2024-03-31. The number of shares represents firm’s hold over 10.1731 of outstanding shares, having a total worth of $11.35 million.