In recent trading session, Outset Medical Inc (NASDAQ:OM) saw 1.02 million shares changing hands at last check today with its beta currently measuring 1.97. Company’s recent per share price level of $0.69 trading at $0.07 or 11.89% at last check today assigns it a market valuation of $36.14M. That most recent trading price of OM’s stock is at a discount of -823.19% from its 52-week high price of $6.37 and is indicating a premium of 36.23% from its 52-week low price of $0.44. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.79 million shares which gives us an average trading volume of 1.90 million if we extend that period to 3-months.
For Outset Medical Inc (OM), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.25. Splitting up the data highlights that, out of 8 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.37 in the current quarter.
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Outset Medical Inc (NASDAQ:OM) trade information
Upright in the green today for gaining 11.89%, in the last five days OM remained trading in the green while hitting it’s week-highest on Thursday, 11/07/24 when the stock touched $0.69 price level, adding 1.82% to its value on the day. Outset Medical Inc’s shares saw a change of -87.18% in year-to-date performance and have moved 21.70% in past 5-day. Outset Medical Inc (NASDAQ:OM) showed a performance of 10.15% in past 30-days. Number of shares sold short was 3.47 million shares which calculate 3.83 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 6 to the stock, which implies a rise of 88.5% to its recent value today. Analysts have been projecting 3 as a low price target for the stock while placing it at a high target of 34. It follows that stock’s current price would drop -334.78% in reaching the projected high whereas dropping to the targeted low would mean a loss of -334.78% for stock’s current value.
Outset Medical Inc (OM) estimates and forecasts
Statistics highlight that Outset Medical Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -78.79% of value to its shares in past 6 months, showing an annual growth rate of 31.48% while that of industry is 26.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -15.50% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 27.79M for the same. And 5 analysts are in estimates of company making revenue of 31.54M in the next quarter. Company posted 30.51M and 30.34M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -15.08% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 28.15% while estimates for its earnings growth in next 5 years are of 23.80%.
Outset Medical Inc (NASDAQ:OM)’s Major holders
Insiders are in possession of 2.15% of company’s total shares while institution are holding 95.97 percent of that, with stock having share float percentage of 98.08%. Investors also watch the number of corporate investors in a company very closely, which is 95.97% institutions for Outset Medical Inc that are currently holding shares of the company. FMR LLC is the top institutional holder at OM for having 7.7 million shares of worth $29.63 million. And as of 2024-06-30, it was holding 15.1214 of the company’s outstanding shares.
The second largest institutional holder is AMERIPRISE FINANCIAL INC, which was holding about 5.2 million shares on 2024-06-30. The number of shares represents firm’s hold over 10.2162 of outstanding shares, having a total worth of $20.02 million.
