A share price of Olema Pharmaceuticals Inc [OLMA] is currently trading at $9.72, up 9.09%. An important factor to consider is whether the stock is rising or falling in short-term value. The OLMA shares have gain 11.47% over the last week, with a monthly amount drifted -17.70%, 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.
Olema Pharmaceuticals Inc experienced fluctuations in its stock price throughout the past year between $7.68 and $16.77. Currently, Wall Street analysts expect the stock to reach $28.5 within the next 12 months. Olema Pharmaceuticals Inc [NASDAQ: OLMA] shares were valued at $9.72 at the most recent close of the market. An investor can expect a potential return of 193.21% based on the average OLMA price forecast.
Analyzing the OLMA fundamentals
Gross Profit Margin for this corporation currently stands at 0.86% with Operating Profit Margin at -72.14%, Pretax Profit Margin comes in at -65.12%, and Net Profit Margin reading is -65.12%. To continue investigating profitability, this company’s Return on Assets is posted at -0.53, Equity is -0.54 and Total Capital is -0.68.
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 8.80 points at the first support level, and at 7.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.31, and for the 2nd resistance point, it is at 10.91.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Olema Pharmaceuticals Inc [NASDAQ:OLMA] is 7.10. On the other hand, the Quick Ratio is 7.10, and the Cash Ratio is 1.17.
Transactions by insiders
Recent insider trading involved Paradigm Biocapital Advisors L, 10% Owner, that happened on Aug 01 ’24 when 2.4 million shares were sold. Director, Harmon Cyrus completed a deal on Jul 29 ’24 to sell 4066.0 shares. Meanwhile, Director Harmon Cyrus sold 934.0 shares on Jul 30 ’24.
