Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The price of Olema Pharmaceuticals Inc (NASDAQ: OLMA) closed at $6.10 in the last session, up 5.35% from day before closing price of $5.79. In other words, the price has increased by $5.35 from its previous closing price. On the day, 1.28 million shares were traded. OLMA stock price reached its highest trading level at $6.2116 during the session, while it also had its lowest trading level at $5.69.
Ratios:
We take a closer look at OLMA’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 7.10 and its Current Ratio is at 7.10. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Goldman on April 02, 2024, initiated with a Buy rating and assigned the stock a target price of $24.
On January 30, 2024, Citigroup started tracking the stock assigning a Buy rating and target price of $20.
On July 21, 2023, Oppenheimer started tracking the stock assigning a Outperform rating and target price of $21.Oppenheimer initiated its Outperform rating on July 21, 2023, with a $21 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 17 ’24 when Graham G. Walmsley sold 700,761 shares for $6.75 per share. The transaction valued at 4,730,137 led to the insider holds 0 shares of the business.
Logos Opportunities Fund I LP bought 700,761 shares of OLMA for $4,730,137 on Dec 13 ’24. On Dec 10 ’24, another insider, Harmon Cyrus, who serves as the Director of the company, sold 8,256 shares for $9.37 each. As a result, the insider received 77,359 and left with 772,277 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OLMA now has a Market Capitalization of 450220896 and an Enterprise Value of 135102096.
Stock Price History:
Over the past 52 weeks, OLMA has reached a high of $16.77, while it has fallen to a 52-week low of $5.56. The 50-Day Moving Average of the stock is -40.20%, while the 200-Day Moving Average is calculated to be -46.48%.
Shares Statistics:
According to the various share statistics, OLMA traded on average about 672.87K shares per day over the past 3-months and 1649470 shares per day over the past 10 days. A total of 57.29M shares are outstanding, with a floating share count of 42.88M. Insiders hold about 25.14% of the company’s shares, while institutions hold 84.98% stake in the company. Shares short for OLMA as of 1732838400 were 10015332 with a Short Ratio of 14.88, compared to 1730332800 on 8309802. Therefore, it implies a Short% of Shares Outstanding of 10015332 and a Short% of Float of 30.349999999999998.
