Outset Medical Inc (NASDAQ:OM)’s traded shares stood at 0.65 million during the latest session, with the company’s beta value hitting 1.90. At the last check today, the stock’s price was $0.46, to imply a decrease of -8.86% or -$0.05 in intraday trading. The OM share’s 52-week high remains $13.77, putting it -2893.48% down since that peak but still an impressive -2.17% since price per share fell to its 52-week low of $0.47. The company has a valuation of $24.21M, with an average of 1.64 million shares in intraday trading volume over the past 10 days and average of 1.95 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Outset Medical Inc (OM), translating to a mean rating of 2.25. Of 8 analyst(s) looking at the stock, 0 analyst(s) give OM a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 6 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.42.
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Outset Medical Inc (NASDAQ:OM) trade information
After registering a -8.86% downside in the latest session, Outset Medical Inc (OM) has traded red over the past five days. The 5-day price performance for the stock is -9.11%, and -46.57% over 30 days. With these gigs, the year-to-date price performance is -91.41%. Short interest in Outset Medical Inc (NASDAQ:OM) saw shorts transact 3.66 million shares and set a 1.55 days time to cover.
The extremes give us $3 and $34 for target low and target high price respectively. As such, OM has been trading -7291.3% off suggested target high and -552.17% from its likely low.
Outset Medical Inc (OM) estimates and forecasts
Looking at statistics comparing Outset Medical Inc share performance against respective industry, we note that the company has outperformed competitors. Outset Medical Inc (OM) shares are -80.87% down over the last 6 months, with its year-to-date growth rate higher than industry average at 31.48% against 21.10%. Revenue is forecast to grow 40.80% this quarter before jumping 37.30% for the next one. The rating firms project that company’s revenue will shrink -15.50% compared to the previous financial year.
Revenue forecast for the current quarter as set by 6 analysts is 26.9M. Meanwhile, for the current quarter, a total of 6 analyst(s) estimate revenue growth to 27.79M.Earnings reports from the last fiscal year show that sales brought in 30.39M and 30.51M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -11.50% before dropping -8.90% in the following quarter.
OM Dividends
Outset Medical Inc has its next earnings report out on 2024-Oct-10. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Outset Medical Inc (NASDAQ:OM)’s Major holders
Outset Medical Inc insiders hold 2.15% of total outstanding shares, with institutional holders owning 96.53% of the shares at 98.65% float percentage. In total, 96.53% institutions holds shares in the company, led by FMR LLC. As of 2024-06-30, the company held over 7.7 million shares (or 15.1214% of shares), all amounting to roughly $29.63 million.
The next major institution holding the largest number of shares is AMERIPRISE FINANCIAL INC with 5.2 million shares, or about 10.2162% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $20.02 million.
We also have Fidelity Select Portfolios – Medical Technology & Devices Port and Columbia Acorn Fund as the top two Mutual Funds with the largest holdings of the Outset Medical Inc (OM) shares. Going by data provided on Jul 31, 2024, Fidelity Select Portfolios – Medical Technology & Devices Port holds roughly 3.3 shares. This is just over 6.34% of the total shares, with a market valuation of $1.53 million. Data from the same date shows that the other fund manager holds a little less at 3.02, or 5.81% of the shares, all valued at about 1.4 million.
