During the last session, Outset Medical Inc (NASDAQ:OM)’s traded shares were 0.49 million, with the beta value of the company hitting 1.94. At the end of the trading day, the stock’s price was $0.60, reflecting an intraday loss of -0.82% or -$0.01. The 52-week high for the OM share is $8.06, that puts it down -1243.33 from that peak though still a striking 26.67% gain since the share price plummeted to a 52-week low of $0.44. The company’s market capitalization is $31.49M, and the average intraday trading volume over the past 10 days was 0.81 million shares, and the average trade volume was 1.86 million shares over the past three months.
Outset Medical Inc (OM) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.25. OM has a Sell rating from 0 analyst(s) out of 8 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 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 -0.42.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Outset Medical Inc (NASDAQ:OM) trade information
Outset Medical Inc (OM) registered a -0.82% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.82% in intraday trading to $0.60, hitting a weekly high. The stock’s 5-day price performance is -2.66%, and it has moved by 34.21% in 30 days. Based on these gigs, the overall price performance for the year is -92.08%. The short interest in Outset Medical Inc (NASDAQ:OM) is 3.47 million shares and it means that shorts have 2.54 day(s) to cover.
The consensus price target of analysts on Wall Street is $6, which implies an increase of 90.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $34 respectively. As a result, OM is trading at a discount of -5566.67% off the target high and -400.0% off the low.
Outset Medical Inc (OM) estimates and forecasts
Statistics show that Outset Medical Inc has outperformed its competitors in share price, compared to the industry in which it operates. Outset Medical Inc (OM) shares have gone down -70.51% during the last six months, with a year-to-date growth rate more than the industry average at 31.48% against 23.90. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 40.80% this quarter and then jump 37.30% in the quarter after that. In the rating firms’ projections, revenue will decrease -15.50% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 26.9M as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 27.79M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 30.39M and 30.51M respectively. In this case, analysts expect current quarter sales to shrink by -11.50% and then drop by -8.90% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -15.08%. While earnings are projected to return 28.19% in 2024, the next five years will return 23.80% per annum.
OM Dividends
Outset Medical Inc is due to release its next quarterly earnings on 2024-Oct-11. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Outset Medical Inc (NASDAQ:OM)’s Major holders
Outset Medical Inc insiders own 2.15% of total outstanding shares while institutional holders control 96.45%, with the float percentage being 98.56%. FMR LLC is the largest shareholder of the company, while 164.0 institutions own stock in it. As of 2024-06-30, the company held over 7.7 million shares (or 15.1214% of all shares), a total value of $29.63 million in shares.
The next largest institutional holding, with 5.2 million shares, is of AMERIPRISE FINANCIAL INC’s that is approximately 10.2162% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $20.02 million.
