A share price of Outset Medical Inc [OM] is currently trading at $0.86, up 10.26%. An important factor to consider is whether the stock is rising or falling in short-term value. The OM shares have gain 12.80% over the last week, with a monthly amount drifted -22.52%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Outset Medical Inc [NASDAQ: OM] stock has seen the most recent analyst activity on August 08, 2024, when RBC Capital Mkts downgraded its rating to a Sector Perform and also revised its price target to $3 from $6. Previously, RBC Capital Mkts upgraded its rating to Outperform on June 21, 2024, and elevated its price target to $6. On April 08, 2024, BTIG Research initiated with a Buy rating and assigned a price target of $6 on the stock. CL King upgraded its rating to a Buy but stick to its price target of $6 on April 05, 2024. RBC Capital Mkts downgraded its rating to a Sector Perform and reduced its price target to $6 on January 12, 2024. BofA Securities downgraded its rating to Underperform for this stock on October 13, 2023, and downed its price target to $3. In a note dated August 17, 2023, CL King initiated an Neutral rating.
Outset Medical Inc experienced fluctuations in its stock price throughout the past year between $0.44 and $5.22. Currently, Wall Street analysts expect the stock to reach $3 within the next 12 months. Outset Medical Inc [NASDAQ: OM] shares were valued at $0.86 at the most recent close of the market. An investor can expect a potential return of 248.84% based on the average OM price forecast.
Analyzing the OM fundamentals
Trailing Twelve Months sales for Outset Medical Inc [NASDAQ:OM] were 114.73M which represents -5.59% decline. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at -1.12%, Pretax Profit Margin comes in at -1.22%, and Net Profit Margin reading is -1.23%. To continue investigating profitability, this company’s Return on Assets is posted at -0.48, Equity is -1.7 and Total Capital is -0.51. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 4.23.
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 0.7906 points at the first support level, and at 0.7212 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.8988, and for the 2nd resistance point, it is at 0.9376.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Outset Medical Inc [NASDAQ:OM] is 6.49. On the other hand, the Quick Ratio is 5.04, and the Cash Ratio is 0.78. Considering the valuation of this stock, the price to sales ratio is 0.40, the price to book ratio is 0.94.
Transactions by insiders
Recent insider trading involved Trigg Leslie, Chair and CEO, that happened on Jan 21 ’25 when 65236.0 shares were sold. SVP Operations and R&D, Nash Marc completed a deal on Jan 21 ’25 to sell 23221.0 shares. Meanwhile, General Counsel Brottem John L. sold 32930.0 shares on Jan 21 ’25.
