Omeros Corporation [NASDAQ: OMER] stock went on a downward path that fall over -14.45% on Thursday, amounting to a one-week price decrease of less than -12.62%. The company report on February 25, 2021 that Omeros Corporation to Announce Fourth Quarter and Year-End Financial Results on March 1, 2021.
Omeros Corporation (NASDAQ: OMER), announced that the company will issue its fourth quarter and year-end financial results for the period ended December 31, 2020, on Monday, March 1, 2021, after the market closes. Omeros management will host a conference call and webcast that day at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) to discuss the financial results as well as recent developments and highlights.
Conference Call Details.
Over the last 12 months, OMER stock rose by 51.14%. The one-year Omeros Corporation stock forecast points to a potential upside of 41.94. The average equity rating for OMER stock is currently 2.10, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $1.11 billion, with 58.23 million shares outstanding and 54.76 million shares in the current float. Compared to the average trading volume of 893.31K shares, OMER stock reached a trading volume of 1273329 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Omeros Corporation [OMER]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OMER shares is $33.14 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OMER stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
UBS have made an estimate for Omeros Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 01, 2021. While these analysts kept the previous recommendation, BofA Securities raised their target price to Buy. The new note on the price target was released on October 20, 2020, representing the official price target for Omeros Corporation stock. Previously, the target price had yet another drop from $34 to $32, while H.C. Wainwright kept a Buy rating on OMER stock. On August 14, 2020, analysts decreased their price target for OMER shares from 25 to 20.
The Average True Range (ATR) for Omeros Corporation is set at 1.31, with the Price to Sales ratio for OMER stock in the period of the last 12 months amounting to 11.49.
OMER Stock Performance Analysis:
Omeros Corporation [OMER] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.62. With this latest performance, OMER shares gained by 0.05% in over the last four-week period, additionally plugging by 63.19% over the last 6 months – not to mention a rise of 51.14% 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 42.32, with the RSI for the last a single of trading hit 33.64, and the three-weeks RSI is set at 48.29 for Omeros Corporation [OMER]. The present Moving Average for the last 50 days of trading for this stock 18.37, while it was recorded at 22.02 for the last single week of trading, and 14.28 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 4.10 and a Current Ratio set at 4.10.
OMER Stock EPS
With the latest financial reports released by the company, Omeros Corporation posted -0.58/share EPS, while the average EPS was predicted by analysts to be reported at -0.5/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -16.00%. 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 $659 million, or 67.90% of OMER stock, in the hands of institutional investors. The top three institutional holders of OMER stocks are: BLACKROCK INC. with ownership of 5,384,022, which is approximately 10.143% of the company’s market cap and around 0.10% of the total institutional ownership; INGALLS & SNYDER LLC, holding 4,366,223 shares of the stock with an approximate value of $84.01 million in OMER stocks shares; and CORMORANT ASSET MANAGEMENT, LP, currently with $76.96 million in OMER stock with ownership of nearly -20% of the company’s market capitalization.
Positions in Omeros Corporation stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 60 institutional holders increased their position in Omeros Corporation [NASDAQ:OMER] by around 2,590,696 shares. Additionally, 62 investors decreased positions by around 3,261,532 shares, while 33 investors held positions by with 28,375,178 shares. The mentioned changes placed institutional holdings at 34,227,406 shares, according to the latest SEC report filing. OMER stock had 17 new institutional investments in for a total of 650,387 shares, while 20 institutional investors sold positions of 910,515 shares during the same period.