Owens & Minor, Inc. (NYSE: OMI) is 45.04% higher on its value in year-to-date trading and has touched a low of $12.56 and a high of $26.77 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The OMI stock was last observed hovering at around $26.58 in the last trading session, with the day’s gains setting it 1.37%.
Currently trading at $27.95, the stock is 10.53% and 24.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing 5.15% at the moment leaves the stock 45.31% off its SMA200. OMI registered 119.91% gain for a year compared to 6-month gain of 78.59%. The firm has a 50-day simple moving average (SMA 50) of $0.41 and a 200-day simple moving average (SMA200) of $10.80.
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The stock witnessed a 12.84% loss in the last 1 month and extending the period to 3 months gives it a 42.89%, and is 8.00% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.27% over the week and 3.13% over the month.
Owens & Minor, Inc. (OMI) has around 22200 employees, a market worth around $2.14B and $10.33B in sales. Fwd P/E is 14.15. Profit margin for the company is -0.40%. Distance from 52-week low is 122.53% and 4.41% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.36%).
Owens & Minor, Inc. quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to grow by 15.20% this year
323 institutions hold shares in Owens & Minor, Inc. (OMI), with institutional investors hold 106.61% of the company’s shares. The shares outstanding are 76.55M, and float is at 69.07M with Short Float at 7.91%. Institutions hold 103.68% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 12.08 million shares valued at $230.05 million. The investor’s holdings represent 15.79% of the OMI Shares outstanding. As of Jun 29, 2023, the second largest holder is FMR, LLC with 10.38 million shares valued at $197.56 million to account for 13.56% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 8.57 million shares representing 11.19% and valued at over $163.12 million, while Wellington Management Group, LLP holds 6.49% of the shares totaling 4.97 million with a market value of $94.63 million.
Owens & Minor, Inc. (OMI) Insider Activity
The most recent transaction is an insider sale by Lowry Michael Wayne, the company’s SVP, Corporate Controller. SEC filings show that Lowry Michael Wayne sold 10,000 shares of the company’s common stock on Feb 27 ’24 at a price of $25.00 per share for a total of $0.25 million. Following the sale, the insider now owns 71654.0 shares.
Owens & Minor, Inc. disclosed in a document filed with the SEC on Feb 20 ’24 that Leon Jonathan A (SVP, Corporate Treasurer) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Feb 20 ’24 and was made at $22.00 per share for $0.11 million. Following the transaction, the insider now directly holds 75713.0 shares of the OMI stock.
Still, SEC filings show that on Feb 07 ’24, Galloway Heath H (EVP,General Counsel & CorpSecy) disposed off 97 shares at an average price of $19.91 for $1931.0. The insider now directly holds 36,437 shares of Owens & Minor, Inc. (OMI).
