During the last session, Olema Pharmaceuticals Inc (NASDAQ:OLMA)’s traded shares were 0.46 million, with the beta value of the company hitting 2.04. At the end of the trading day, the stock’s price was $11.74, reflecting an intraday gain of 5.20% or $0.58. The 52-week high for the OLMA share is $17.79, that puts it down -51.53 from that peak though still a striking 27.51% gain since the share price plummeted to a 52-week low of $8.51. The company’s market capitalization is $672.35M, and the average intraday trading volume over the past 10 days was 0.37 million shares, and the average trade volume was 598.17K shares over the past three months.
Olema Pharmaceuticals Inc (OLMA) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.11. OLMA has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.58.
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Olema Pharmaceuticals Inc (NASDAQ:OLMA) trade information
Olema Pharmaceuticals Inc (OLMA) registered a 5.20% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 5.20% in intraday trading to $11.74, hitting a weekly high. The stock’s 5-day price performance is 1.21%, and it has moved by -0.93% in 30 days. Based on these gigs, the overall price performance for the year is -2.89%. The short interest in Olema Pharmaceuticals Inc (NASDAQ:OLMA) is 8.51 million shares and it means that shorts have 15.23 day(s) to cover.
The consensus price target of analysts on Wall Street is $27, which implies an increase of 56.52% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $24 and $30 respectively. As a result, OLMA is trading at a discount of -155.54% off the target high and -104.43% off the low.
Olema Pharmaceuticals Inc (OLMA) estimates and forecasts
Statistics show that Olema Pharmaceuticals Inc has outperformed its competitors in share price, compared to the industry in which it operates. Olema Pharmaceuticals Inc (OLMA) shares have gone up 8.10% during the last six months, with a year-to-date growth rate more than the industry average at 29.44% against 17.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -20.80% this quarter and then drop -28.60% in the quarter after that.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -105.28%. While earnings are projected to return 22.72% in 2024.
OLMA Dividends
Olema Pharmaceuticals Inc is due to release its next quarterly earnings on 2024-Nov-05. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Olema Pharmaceuticals Inc (NASDAQ:OLMA)’s Major holders
Olema Pharmaceuticals Inc insiders own 3.63% of total outstanding shares while institutional holders control 100.45%, with the float percentage being 104.23%. BVF INC/IL is the largest shareholder of the company, while 189.0 institutions own stock in it. As of 2024-06-30, the company held over 9.14 million shares (or 16.2322% of all shares), a total value of $98.85 million in shares.
The next largest institutional holding, with 7.9 million shares, is of PARADIGM BIOCAPITAL ADVISORS LP’s that is approximately 14.0428% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $85.52 million.
