Olema Pharmaceuticals Inc (NASDAQ:OLMA)’s traded shares stood at 0.35 million during the last session, with the company’s beta value hitting 2.03. At the close of trading, the stock’s price was $12.70, to imply an increase of 7.17% or $0.85 in intraday trading. The OLMA share’s 52-week high remains $17.79, putting it -40.08% down since that peak but still an impressive 32.99% since price per share fell to its 52-week low of $8.51. The company has a valuation of $727.33M, with an average of 0.41 million shares in intraday trading volume over the past 10 days and average of 679.23K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Olema Pharmaceuticals Inc (OLMA), translating to a mean rating of 1.11. Of 3 analyst(s) looking at the stock, 0 analyst(s) give OLMA a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 3 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 -0.58.
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Olema Pharmaceuticals Inc (NASDAQ:OLMA) trade information
After registering a 7.17% upside in the last session, Olema Pharmaceuticals Inc (OLMA) has traded red over the past five days. The 5-day price performance for the stock is 7.35%, and 5.66% over 30 days. With these gigs, the year-to-date price performance is -9.48%. Short interest in Olema Pharmaceuticals Inc (NASDAQ:OLMA) saw shorts transact 8.84 million shares and set a 13.59 days time to cover.
The extremes give us $24 and $30 for target low and target high price respectively. As such, OLMA has been trading -136.22% off suggested target high and -88.98% from its likely low.
Olema Pharmaceuticals Inc (OLMA) estimates and forecasts
Looking at statistics comparing Olema Pharmaceuticals Inc share performance against respective industry, we note that the company has outperformed competitors. Olema Pharmaceuticals Inc (OLMA) shares are 9.77% up over the last 6 months, with its year-to-date growth rate higher than industry average at 29.44% against 17.20%. Revenue is forecast to shrink -20.80% this quarter before falling -28.60% for the next one.
OLMA Dividends
Olema Pharmaceuticals Inc has its next earnings report out on 2024-Nov-05. 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.
Olema Pharmaceuticals Inc (NASDAQ:OLMA)’s Major holders
Olema Pharmaceuticals Inc insiders hold 3.63% of total outstanding shares, with institutional holders owning 100.44% of the shares at 104.23% float percentage. In total, 100.44% institutions holds shares in the company, led by BVF INC/IL. As of 2024-06-30, the company held over 9.14 million shares (or 16.2322% of shares), all amounting to roughly $98.85 million.
The next major institution holding the largest number of shares is PARADIGM BIOCAPITAL ADVISORS LP with 7.9 million shares, or about 14.0428% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $85.52 million.
