Outset Medical Inc (NASDAQ: OM) is 26.13% higher on its value in year-to-date trading and has touched a low of $0.44 and a high of $5.88 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 OM stock was last observed hovering at around $1.17 in the last trading session, with the day’s gains setting it 0.23%.
Currently trading at $1.40, the stock is 19.30% and 51.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing 19.66% at the moment leaves the stock -30.61% off its SMA200. OM registered -74.87% loss for a year compared to 6-month loss of -63.45%. The firm has a 50-day simple moving average (SMA 50) of $0.92346 and a 200-day simple moving average (SMA200) of $2.01746.
The stock witnessed a 18.64% gain in the last 1 month and extending the period to 3 months gives it a 139.77%, and is 15.70% 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 13.99% over the week and 12.85% over the month.
Outset Medical Inc (OM) has around 480 employees, a market worth around $88.02M and $114.73M in sales. Profit margin for the company is -122.84%. Distance from 52-week low is 221.84% and -76.19% from its 52-week high. The company has generated returns on investments over the last 12 months (-56.79%).
The EPS is expected to grow by 25.83% this year.
Outset Medical Inc (OM) Top Institutional Holders
108.0 institutions hold shares in Outset Medical Inc (OM), with institutional investors hold 53.28% of the company’s shares. The shares outstanding are 52.54M, and float is at 48.29M with Short Float at 5.43%. Institutions hold 52.16% of the Float.
The top institutional shareholder in the company is FMR LLC with over 7.7 million shares valued at $29.63 million. The investor’s holdings represent 15.1214% of the OM Shares outstanding. As of 2024-06-30, the second largest holder is AMERIPRISE FINANCIAL INC with 5.2 million shares valued at $20.02 million to account for 10.2162 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 3.82 million shares representing 7.4955% and valued at over $14.69 million, while JPMORGAN CHASE & CO holds 5.9246 of the shares totaling 3.07 million with a market value of $11.83 million.
Outset Medical Inc (OM) Insider Activity
The most recent transaction is an insider sale by Trigg Leslie, the company’s Chair and CEO. SEC filings show that Trigg Leslie sold 5,645 shares of the company’s common stock on Nov 15 ’24 at a price of $0.80 per share for a total of $4516.0. Following the sale, the insider now owns 0.9 million shares.
Outset Medical Inc disclosed in a document filed with the SEC on Nov 15 ’24 that Nash Marc (SVP Operations and R&D) sold a total of 1,375 shares of the company’s common stock. The trade occurred on Nov 15 ’24 and was made at $0.80 per share for $1100.0. Following the transaction, the insider now directly holds 0.24 million shares of the OM stock.
Still, SEC filings show that on Nov 15 ’24, Brottem John L. (General Counsel) disposed off 3,203 shares at an average price of $0.80 for $2562.0. The insider now directly holds 227,092 shares of Outset Medical Inc (OM).
