In the last trading session, 1.03 million Olema Pharmaceuticals Inc (NASDAQ:OLMA) shares changed hands as the company’s beta touched 1.93. With the company’s per share price at $10.21 changed hands at $0.09 or 0.89% during last session, the market valuation stood at $585.01M. OLMA’s last price was a discount, traded about -64.25% off its 52-week high of $16.77. The share price had its 52-week low at $7.68, which suggests the last value was 24.78% up since then. When we look at Olema Pharmaceuticals Inc’s average trading volume, we note the 10-day average is 0.68 million shares, with the 3-month average coming to 486.40K.
Analysts gave the Olema Pharmaceuticals Inc (OLMA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended OLMA as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight.
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Olema Pharmaceuticals Inc (NASDAQ:OLMA) trade information
Instantly OLMA was in green as seen at the end of in last trading. With action 16.29%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -27.23%, with the 5-day performance at 16.29% in the green. However, in the 30-day time frame, Olema Pharmaceuticals Inc (NASDAQ:OLMA) is -11.45% down. Looking at the short shares, we see there were 8.56 million shares sold at short interest cover period of 21.68 days.
The consensus price target for the stock as assigned by Wall Street analysts is 28.5, meaning bulls need an upside of 64.18% from its current market value. According to analyst projections, OLMA’s forecast low is 27 with 30 as the target high. To hit the forecast high, the stock’s price needs a -193.83% plunge from its current level, while the stock would need to soar -164.45% for it to hit the projected low.
Olema Pharmaceuticals Inc (OLMA) estimates and forecasts
Data shows that the Olema Pharmaceuticals Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -13.18% over the past 6 months, a 33.64% in annual growth rate that is considerably higher than the industry average of 17.70%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -105.28%. The 2024 estimates are for Olema Pharmaceuticals Inc earnings to decrease by -8.23%.
OLMA Dividends
Olema Pharmaceuticals Inc is expected to release its next quarterly earnings report in January.
Olema Pharmaceuticals Inc (NASDAQ:OLMA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.67% of Olema Pharmaceuticals Inc shares while 106.30% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 110.35%. There are 106.30% institutions holding the Olema Pharmaceuticals Inc stock share, with BVF INC/IL the top institutional holder. As of 2024-06-30, the company held 16.2322% of the shares, roughly 9.14 million OLMA shares worth $98.85 million.
PARADIGM BIOCAPITAL ADVISORS LP holds the second largest percentage of outstanding shares, with 14.0428% or 7.9 million shares worth $85.52 million as of 2024-06-30.
