During the last session, Outset Medical Inc (NASDAQ:OM)’s traded shares were 1.39 million, with the beta value of the company hitting 1.93. At the end of the trading day, the stock’s price was $0.54, reflecting an intraday loss of -2.19% or -$0.01. The 52-week high for the OM share is $6.37, that puts it down -1079.63 from that peak though still a striking 18.52% gain since the share price plummeted to a 52-week low of $0.44. The company’s market capitalization is $28.12M, and the average intraday trading volume over the past 10 days was 0.54 million shares, and the average trade volume was 1.85 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.
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Outset Medical Inc (NASDAQ:OM) trade information
Outset Medical Inc (OM) registered a -2.19% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -2.19% in intraday trading to $0.54, hitting a weekly high. The stock’s 5-day price performance is 1.87%, and it has moved by -14.53% in 30 days. Based on these gigs, the overall price performance for the year is -82.41%. The short interest in Outset Medical Inc (NASDAQ:OM) is 3.47 million shares and it means that shorts have 3.83 day(s) to cover.
The consensus price target of analysts on Wall Street is $6, which implies an increase of 91.0% 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 -6196.3% off the target high and -455.56% 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 -81.06% during the last six months, with a year-to-date growth rate more than the industry average at 31.48% against 24.00.
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 in November. 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 94.14%, with the float percentage being 96.21%. FMR LLC is the largest shareholder of the company, while 158.0 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.
