Owens & Minor, Inc (NYSE: OMI) is -33.78% lower on its value in year-to-date trading and has touched a low of $11.42 and a high of $28.35 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The OMI stock was last observed hovering at around $13.61 in the last trading session, with the day’s loss setting it -0.85%.
Currently trading at $12.76, the stock is -4.23% and -11.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing -6.25% at the moment leaves the stock -30.77% off its SMA200. OMI registered -35.36% loss for a year compared to 6-month loss of -30.58%. The firm has a 50-day simple moving average (SMA 50) of $14.4206 and a 200-day simple moving average (SMA200) of $18.4655.
The stock witnessed a -5.62% gain in the last 1 month and extending the period to 3 months gives it a -15.89%, and is 0.39% 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 7.86% over the week and 4.75% over the month.
Owens & Minor, Inc (OMI) has around 22200 employees, a market worth around $983.91M and $10.66B in sales. Fwd P/E is 6.86. Profit margin for the company is -0.46%. Distance from 52-week low is 11.73% and -54.99% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.62%).
The EPS is expected to grow by 12.92% this year
325.0 institutions hold shares in Owens & Minor, Inc (OMI), with institutional investors hold 106.43% of the company’s shares. The shares outstanding are 76.55M, and float is at 68.43M with Short Float at 6.75%. Institutions hold 103.83% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 11.6 million shares valued at $156.61 million. The investor’s holdings represent 15.1193 of the OMI Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 11.47 million shares valued at $154.9 million to account for 14.954 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 8.62 million shares representing 11.2287 and valued at over $116.31 million, while PACER ADVISORS, INC. holds 8.844 of the shares totaling 6.79 million with a market value of $91.61 million.
Owens & Minor, Inc (OMI) Insider Activity
Owens & Minor, Inc disclosed in a document filed with the SEC on Aug 22 ’24 that Leon Jonathan A (SVP, Corp Treasurer, Intm CFO) sold a total of 7,500 shares of the company’s common stock. The trade occurred on Aug 22 ’24 and was made at $15.83 per share for $0.12 million. Following the transaction, the insider now directly holds 93171.0 shares of the OMI stock.
Still, SEC filings show that on Aug 22 ’24, Leon Jonathan A (Officer) Proposed Sale 7,500 shares at an average price of $15.83 for $0.12 million. The insider now directly holds shares of Owens & Minor, Inc (OMI).
