Trading Day Review: Omeros Corporation (OMER) Loses Momentum, Closing at 4.08

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The price of Omeros Corporation (NASDAQ: OMER) closed at $4.08 in the last session, down -3.89% from day before closing price of $4.24. In other words, the price has decreased by -$3.89 from its previous closing price. On the day, 0.54 million shares were traded. OMER stock price reached its highest trading level at $4.3 during the session, while it also had its lowest trading level at $4.03.

Ratios:

We take a closer look at OMER’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 3.41 and its Current Ratio is at 3.41.

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 the company, UBS on December 08, 2022, Downgraded its rating to Neutral and sets its target price to $2 from $12 previously.

On November 08, 2022, BofA Securities Downgraded its rating to Underperform which previously was Neutral and also lowered its target price recommendation from $8 to $3.

BofA Securities Downgraded its Buy to Neutral on June 08, 2022, whereas the target price for the stock was revised from $12 to $4.

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 Nov 17 ’23 when Demopulos Gregory A MD bought 15,000 shares for $1.68 per share. The transaction valued at 25,200 led to the insider holds 123,945 shares of the business.

Demopulos Peter A MD bought 10,000 shares of OMER for $15,300 on Nov 15 ’23. The Director now owns 208,516 shares after completing the transaction at $1.53 per share.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OMER now has a Market Capitalization of 236423344 and an Enterprise Value of 521867200.

Stock Price History:

Over the past 52 weeks, OMER has reached a high of $5.68, while it has fallen to a 52-week low of $0.92. The 50-Day Moving Average of the stock is -6.33%, while the 200-Day Moving Average is calculated to be 16.34%.

Shares Statistics:

According to the various share statistics, OMER traded on average about 394.13K shares per day over the past 3-months and 477080 shares per day over the past 10 days. A total of 61.13M shares are outstanding, with a floating share count of 55.36M. Insiders hold about 4.46% of the company’s shares, while institutions hold 43.21% stake in the company. Shares short for OMER as of 1722384000 were 12316183 with a Short Ratio of 31.25, compared to 1719532800 on 12833089. Therefore, it implies a Short% of Shares Outstanding of 12316183 and a Short% of Float of 22.23.

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