Outset Medical Inc [OM] stock is trading at $2.22, up 0.91%. An important factor to consider is whether the stock is rising or falling in short-term value. The OM shares have gain 6.22% over the last week, with a monthly amount drifted -36.02%, and not seem to be holding up well over a long-time horizon.
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On 13, March 2024, Outset Medical Announces Appointment of Medical Technology Veteran Brent D. Lang to its Board of Directors. In a post published today on Yahoo Finance, Outset Medical, Inc. (Nasdaq: OM) (“Outset”), a medical technology company pioneering a first-of-its-kind technology to reduce the cost and complexity of dialysis, today announced the appointment of medical technology veteran Brent D. Lang to its board of directors. Mr. Lang most recently served as Chairman and Chief Executive Officer of Vocera Communications, a global provider of clinical communication and workflow solutions, until its acquisition by Stryker for $3 billion in 2022.
From an analyst’s perspective:
Outset Medical Inc [NASDAQ: OM] stock has seen the most recent analyst activity on January 12, 2024, when RBC Capital Mkts downgraded its rating to a Sector Perform and also revised its price target to $6 from $14. Previously, BofA Securities downgraded its rating to Underperform on October 13, 2023, and dropped its price target to $3. On August 17, 2023, CL King initiated with a Neutral rating. RBC Capital Mkts started tracking the stock assigning a Outperform rating and suggested a price target of $23 on November 11, 2022. Morgan Stanley downgraded its rating to a Equal-Weight and reduced its price target to $20 on July 14, 2022. In a note dated February 17, 2022, Morgan Stanley upgraded an Overweight rating on this stock but restated the target price of $50.
Outset Medical Inc [OM] stock has fluctuated between $1.98 and $24.13 over the past year. Currently, Wall Street analysts expect the stock to reach $27 within the next 12 months. Outset Medical Inc [NASDAQ: OM] shares were valued at $2.22 at the most recent close of the market. An investor can expect a potential return of 1116.22% based on the average OM price forecast.
Analyzing the OM fundamentals
Outset Medical Inc [NASDAQ:OM] reported sales of 130.38M for the trailing twelve months, which represents a drop of -4.69%. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at -1.3%, Pretax Profit Margin comes in at -1.32%, and Net Profit Margin reading is -1.33%. To continue investigating profitability, this company’s Return on Assets is posted at -0.55, Equity is -1.02 and Total Capital is -0.66. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.11.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.15 points at the first support level, and at 2.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.32, and for the 2nd resistance point, it is at 2.43.
Outset Medical Inc [OM] reported earnings per share of -$0.59 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.61/share, meaning a difference of $0.02 and a surprise factor of 3.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.71 per share as compared to estimates of -$0.67 per share, a difference of -$0.04 representing a surprise of -6.00%.
Ratios To Look Out For
For context, Outset Medical Inc’s Current Ratio is 5.26. On the other hand, the Quick Ratio is 4.37, and the Cash Ratio is 1.24. Considering the valuation of this stock, the price to sales ratio is 0.86, the price to book ratio is 0.91.
Transactions by insiders
Recent insider trading involved Nash Marc, SVP Operations and R&D, that happened on Mar 15 ’24 when 2391.0 shares were sold. Chief Financial Officer, Ahmed Nabeel completed a deal on Mar 01 ’24 to sell 1584.0 shares. Meanwhile, Chair and CEO Trigg Leslie sold 5320.0 shares on Feb 15 ’24.
