At the time of writing, Olema Pharmaceuticals Inc [OLMA] stock is trading at $10.86, down -5.97%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The OLMA shares have gain 1.50% over the last week, with a monthly amount drifted -13.12%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Olema Pharmaceuticals Inc [NASDAQ: OLMA] stock has seen the most recent analyst activity on April 02, 2024, when Goldman initiated its Buy rating and assigned the stock a price target of $24. Previously, Citigroup started tracking the stock with Buy rating on January 30, 2024, and set its price target to $20. On July 21, 2023, Oppenheimer initiated with a Outperform rating and assigned a price target of $21 on the stock. CapitalOne started tracking the stock assigning a Overweight rating and suggested a price target of $16 on May 05, 2023. Credit Suisse initiated its recommendation with a Outperform and recommended $12 as its price target on February 22, 2023. In a note dated June 09, 2022, H.C. Wainwright upgraded an Buy rating on this stock but restated the target price of $12.
For the past year, the stock price of Olema Pharmaceuticals Inc fluctuated between $3.33 and $17.79. Currently, Wall Street analysts expect the stock to reach $24 within the next 12 months. Olema Pharmaceuticals Inc [NASDAQ: OLMA] shares were valued at $10.86 at the most recent close of the market. An investor can expect a potential return of 120.99% based on the average OLMA price forecast.
Analyzing the OLMA fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.34, Equity is -0.44 and Total Capital is -0.41. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
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 10.42 points at the first support level, and at 9.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.51, and for the 2nd resistance point, it is at 12.17.
Ratios To Look Out For
It is important to note that Olema Pharmaceuticals Inc [NASDAQ:OLMA] has a current ratio of 12.33. Also, the Quick Ratio is 12.33, while the Cash Ratio stands at 3.17.
Transactions by insiders
Recent insider trading involved Harmon Cyrus, Director, that happened on Mar 28 ’24 when 20000.0 shares were sold. Director, Harmon Cyrus completed a deal on Feb 29 ’24 to sell 25000.0 shares. Meanwhile, Director Harmon Cyrus sold 5000.0 shares on Feb 01 ’24.
