Following A 53.06% Weekly Incline, Is It Still A Buy For Omeros Corporation (NASDAQ: OMER)?

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Omeros Corporation (NASDAQ:OMER)’s traded shares stood at 1.94 million during the last session, with the company’s beta value hitting 1.62. At the close of trading, the stock’s price was $6.75, to imply a decrease of -2.88% or -$0.2 in intraday trading. The OMER share’s 52-week high remains $7.51, putting it -11.26% down since that peak but still an impressive 79.56% since price per share fell to its 52-week low of $1.38. The company has a valuation of $391.16M, with an average of 1.7 million shares in intraday trading volume over the past 10 days and average of 459.27K shares over the past 3 months.

Analysts have given a consensus recommendation of Hold for Omeros Corporation (OMER), translating to a mean rating of 2.33. Of 1 analyst(s) looking at the stock, 0 analyst(s) give OMER a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 0 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 -0.82.

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Omeros Corporation (NASDAQ:OMER) trade information

After registering a -2.88% downside in the last session, Omeros Corporation (OMER) has traded red over the past five days. The 5-day price performance for the stock is 53.06%, and 63.04% over 30 days. With these gigs, the year-to-date price performance is 106.42%. Short interest in Omeros Corporation (NASDAQ:OMER) saw shorts transact 11.98 million shares and set a 58.08 days time to cover.

The extremes give us $2 and $2 for target low and target high price respectively. As such, OMER has been trading 70.37% off suggested target high and 70.37% from its likely low.

Omeros Corporation (OMER) estimates and forecasts

Looking at statistics comparing Omeros Corporation share performance against respective industry, we note that the company has underperformed competitors. Omeros Corporation (OMER) shares are 95.65% up over the last 6 months, with its year-to-date growth rate lower than industry average at -3.94% against 11.80%.

OMER Dividends

Omeros Corporation has its next earnings report out on 2024-Nov-13. 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.

Omeros Corporation (NASDAQ:OMER)’s Major holders

Omeros Corporation insiders hold 4.45% of total outstanding shares, with institutional holders owning 43.52% of the shares at 45.54% float percentage. In total, 43.52% institutions holds shares in the company, led by INGALLS & SNYDER LLC. As of 2024-06-30, the company held over 4.59 million shares (or 7.8114% of shares), all amounting to roughly $18.65 million.

The next major institution holding the largest number of shares is BLACKROCK INC. with 4.1 million shares, or about 6.9754% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $16.65 million.