Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
As of close of business last night, Outset Medical Inc’s stock clocked out at $2.46, up 5.13% from its previous closing price of $2.34. In other words, the price has increased by $5.13 from its previous closing price. On the day, 0.64 million shares were traded. OM stock price reached its highest trading level at $2.53 during the session, while it also had its lowest trading level at $2.28.
Ratios:
To gain a deeper understanding of OM’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.37 and its Current Ratio is at 5.26. In the meantime, Its Debt-to-Equity ratio is 1.11 whereas as Long-Term Debt/Eq ratio is at 1.10.
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, BTIG Research on April 08, 2024, initiated with a Buy rating and assigned the stock a target price of $6.
On April 05, 2024, CL King Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $6.
RBC Capital Mkts Downgraded its Outperform to Sector Perform on January 12, 2024, whereas the target price for the stock was revised from $14 to $6.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 15 ’24 when Nash Marc sold 2,391 shares for $2.13 per share. The transaction valued at 5,093 led to the insider holds 242,510 shares of the business.
Ahmed Nabeel sold 1,584 shares of OM for $4,990 on Mar 01 ’24. The Chief Financial Officer now owns 322,877 shares after completing the transaction at $3.15 per share. On Feb 15 ’24, another insider, Trigg Leslie, who serves as the Chair and CEO of the company, sold 5,320 shares for $3.57 each. As a result, the insider received 18,992 and left with 833,091 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, OM now has a Market Capitalization of 127187416 and an Enterprise Value of 51047300. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.95 while its Price-to-Book (P/B) ratio in mrq is 1.01. Its current Enterprise Value per Revenue stands at 0.392 whereas that against EBITDA is -0.311.
Stock Price History:
Over the past 52 weeks, OM has reached a high of $24.13, while it has fallen to a 52-week low of $1.92. The 50-Day Moving Average of the stock is -6.79%, while the 200-Day Moving Average is calculated to be -67.49%.
Shares Statistics:
It appears that OM traded 957.71K shares on average per day over the past three months and 944190 shares per day over the past ten days. A total of 50.32M shares are outstanding, with a floating share count of 46.36M. Insiders hold about 8.20% of the company’s shares, while institutions hold 109.96% stake in the company. Shares short for OM as of 1711584000 were 8360312 with a Short Ratio of 8.73, compared to 1709164800 on 8087148. Therefore, it implies a Short% of Shares Outstanding of 8360312 and a Short% of Float of 19.479999.
