Which analyst expects Olema Pharmaceuticals Inc. (OLMA) to perform well in the near future?

In the latest session, Olema Pharmaceuticals Inc. (NASDAQ: OLMA) closed at $2.74 up 7.87% from its previous closing price of $2.54. In other words, the price has increased by $+0.2000 from its previous closing price. On the day, 263413 shares were traded. OLMA stock price reached its highest trading level at $2.8100 during the session, while it also had its lowest trading level at $2.4500.

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Ratios:

For a deeper understanding of Olema Pharmaceuticals Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 17.90 and its Current Ratio is at 17.90. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

On June 09, 2022, H.C. Wainwright Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $12.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jun 10 when BVF PARTNERS L P/IL bought 200,000 shares for $4.03 per share. The transaction valued at 806,900 led to the insider holds 3,913,676 shares of the business.

Horn Kinney sold 5,253 shares of OLMA for $24,952 on Mar 10. The CHIEF BUSINESS OFFICER now owns 2,458 shares after completing the transaction at $4.75 per share. On Jan 10, another insider, Horn Kinney, who serves as the CHIEF BUSINESS OFFICER of the company, sold 5,251 shares for $6.85 each. As a result, the insider received 35,969 and left with 2,458 shares of the company.

Stock Price History:

Over the past 52 weeks, OLMA has reached a high of $25.70, while it has fallen to a 52-week low of $2.00. The 50-Day Moving Average of the stock is 3.1628, while the 200-Day Moving Average is calculated to be 3.7914.

Shares Statistics:

For the past three months, OLMA has traded an average of 162.11K shares per day and 140.07k over the past ten days. A total of 40.04M shares are outstanding, with a floating share count of 37.70M. Insiders hold about 1.10% of the company’s shares, while institutions hold 84.70% stake in the company. Shares short for OLMA as of Oct 13, 2022 were 1.51M with a Short Ratio of 1.56M, compared to 1.68M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 3.73% and a Short% of Float of 5.72%.

Earnings Estimates

There are 5 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.77 for the current quarter, with a high estimate of -$0.68 and a low estimate of -$0.9, while EPS last year was -$0.45. The consensus estimate for the next quarter is -$0.76, with high estimates of -$0.55 and low estimates of -$0.91.

Analysts are recommending an EPS of between -$2.82 and -$3.18 for the fiscal current year, implying an average EPS of -$2.95. EPS for the following year is -$3.23, with 5 analysts recommending between -$2.34 and -$3.62.