Omeros Corporation [OMER] Stock trading around $21.32 per share: What’s Next?

Omeros Corporation [NASDAQ: OMER] stock went on an upward path that rose over 50.88% on Monday, amounting to a one-week price increase of more than 66.56%. The company report on August 10, 2020 that Omeros Announces Proposed Public Offerings of Common Stock and Convertible Senior Notes.

Omeros Corporation (Nasdaq: OMER) (“Omeros”) today announced that it has commenced concurrent underwritten public offerings of $125,000,000 of shares of its common stock (the “Shares”) and $200,000,000 aggregate principal amount of convertible senior notes due 2026 (the “2026 Convertible Notes”). In addition, Omeros has granted to the underwriters of the offering of Shares (the “Equity Offering”) a 30-day option to purchase up to an additional $18,750,000 of Shares and to the underwriters of the offering of 2026 Convertible Notes (the “Notes Offering”) a 30-day option, solely to cover over-allotments, to purchase up to an additional $30,000,000 aggregate principal amount of 2026 Convertible Notes. The offerings are subject to market and other conditions, and there can be no assurance as to whether or when the offerings may be completed or as to the actual size or terms of the offerings. Neither offering is contingent on the completion of the other offering.

BofA Securities and JP Morgan are acting as the book-running managers for each of the offerings.

Over the last 12 months, OMER stock rose by 16.82%. The average equity rating for OMER stock is currently 2.20, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $1.15 billion, with 54.30 million shares outstanding and 51.80 million shares in the current float. Compared to the average trading volume of 407.32K shares, OMER stock reached a trading volume of 18107741 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Omeros Corporation [OMER]:

Cantor Fitzgerald have made an estimate for Omeros Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on May 06, 2019. While these analysts kept the previous recommendation, Seaport Global Securities raised their target price to Buy. The new note on the price target was released on July 12, 2018, representing the official price target for Omeros Corporation stock. Previously, the target price had yet another drop from $47 to $19, while Wedbush kept a Neutral rating on OMER stock.

The Average True Range (ATR) for Omeros Corporation is set at 1.40, with the Price to Sales ratio for OMER stock in the period of the last 12 months amounting to 10.09.

OMER Stock Performance Analysis:

Omeros Corporation [OMER] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 66.56. With this latest performance, OMER shares gained by 56.65% in over the last four-week period, additionally plugging by 67.48% over the last 6 months – not to mention a rise of 16.82% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OMER stock in for the last two-week period is set at 83.89, with the RSI for the last a single of trading hit 89.92, and the three-weeks RSI is set at 77.85 for Omeros Corporation [OMER]. The present Moving Average for the last 50 days of trading for this stock 14.61, while it was recorded at 15.26 for the last single week of trading, and 14.19 for the last 200 days.

Insight into Omeros Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Omeros Corporation [OMER] shares currently have an operating margin of -56.69 and a Gross Margin at +97.63. Omeros Corporation’s Net Margin is presently recorded at -75.57.

Return on Total Capital for OMER is now -93.00, given the latest momentum, and Return on Invested Capital for the company is -128.09. Additionally, OMER Total Debt to Total Capital is recorded at 228.24, with Total Debt to Total Assets ending up at 141.66.

Reflecting on the efficiency of the workforce at the company, Omeros Corporation [OMER] managed to generate an average of -$327,465 per employee. Receivables Turnover for the company is 3.86 with a Total Asset Turnover recorded at a value of 0.96.Omeros Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.50.


With the latest financial reports released by the company, Omeros Corporation posted -0.29/share EPS, while the average EPS was predicted by analysts to be reported at -0.46/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 37.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OMER.

Omeros Corporation [OMER] Insider Position Details

There are presently around $662 million, or 58.90% of OMER stock, in the hands of institutional investors. The top three institutional holders of OMER stocks are: CONSONANCE CAPITAL MANAGEMENT LP with ownership of 4,479,872, which is approximately 40.18% of the company’s market cap and around 0.20% of the total institutional ownership; INGALLS & SNYDER LLC, holding 4,437,568 shares of the stock with an approximate value of $94.61 million in OMER stocks shares; and BLACKROCK INC., currently with $90.07 million in OMER stock with ownership of nearly 3.994% of the company’s market capitalization.

Positions in Omeros Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 73 institutional holders increased their position in Omeros Corporation [NASDAQ:OMER] by around 4,856,601 shares. Additionally, 58 investors decreased positions by around 1,532,464 shares, while 24 investors held positions by with 24,666,960 shares. The mentioned changes placed institutional holdings at 31,056,025 shares, according to the latest SEC report filing. OMER stock had 29 new institutional investments in for a total of 700,237 shares, while 26 institutional investors sold positions of 921,871 shares during the same period.

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