After finishing at $11.55 in the prior trading day, Olema Pharmaceuticals Inc (NASDAQ: OLMA) closed at $11.23, down -2.77%. In other words, the price has decreased by -$0.32 from its previous closing price. On the day, 922077 shares were traded.
Ratios:
Our goal is to gain a better understanding of OLMA by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 12.33 and its Current Ratio is at 12.33. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
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, Citigroup on January 30, 2024, initiated with a Buy rating and assigned the stock a target price of $20.
On July 21, 2023, Oppenheimer started tracking the stock assigning a Outperform rating and target price of $21.
On May 05, 2023, CapitalOne started tracking the stock assigning a Overweight rating and target price of $16.CapitalOne initiated its Overweight rating on May 05, 2023, with a $16 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 29 ’24 when Harmon Cyrus sold 25,000 shares for $12.41 per share. The transaction valued at 310,309 led to the insider holds 846,283 shares of the business.
Harmon Cyrus sold 5,000 shares of OLMA for $77,800 on Feb 01 ’24. The Director now owns 871,283 shares after completing the transaction at $15.56 per share. On Jan 31 ’24, another insider, Harmon Cyrus, who serves as the Director of the company, sold 25,000 shares for $12.23 each. As a result, the insider received 305,750 and left with 876,283 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 627.36M and an Enterprise Value of 367.97M.
Stock Price History:
Over the past 52 weeks, OLMA has reached a high of $17.79, while it has fallen to a 52-week low of $3.00. The 50-Day Moving Average of the stock is 13.12, while the 200-Day Moving Average is calculated to be 11.87.
Shares Statistics:
The stock has traded on average 806.12K shares per day over the past 3-months and 1.58M shares per day over the last 10 days, according to various share statistics. A total of 54.99M shares are outstanding, with a floating share count of 48.45M. Insiders hold about 13.33% of the company’s shares, while institutions hold 90.20% stake in the company. Shares short for OLMA as of Feb 29, 2024 were 4.87M with a Short Ratio of 6.04, compared to 6.71M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.84% and a Short% of Float of 11.89%.
Earnings Estimates
Its stock is currently analyzed by 4 different market analysts. On average, analysts expect EPS of -$0.53 for the current quarter, with a high estimate of -$0.51 and a low estimate of -$0.55, while EPS last year was -$0.7. The consensus estimate for the next quarter is -$0.57, with high estimates of -$0.55 and low estimates of -$0.6.
Analysts are recommending an EPS of between -$2.3 and -$2.41 for the fiscal current year, implying an average EPS of -$2.38. EPS for the following year is -$2.64, with 5 analysts recommending between -$2.41 and -$3.
