Outset Medical Inc [NASDAQ: OM] jumped around 0.65 points on Monday, while shares priced at $3.79 at the close of the session, up 20.70%.
Compared to the average trading volume of 968.42K shares, OM reached a trading volume of 16214983 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Outset Medical Inc [OM]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OM shares is $5.79 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OM stock is a recommendation set at 2.25. 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.
BTIG Research have made an estimate for Outset Medical Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 08, 2024. The new note on the price target was released on April 05, 2024, representing the official price target for Outset Medical Inc stock. Previously, the target price had yet another drop from $14 to $6, while RBC Capital Mkts kept a Sector Perform rating on OM stock. On October 13, 2023, analysts decreased their price target for OM shares from 32 to 3.
The Average True Range (ATR) for Outset Medical Inc is set at 0.36, with the Price to Sales ratio for OM stock in the period of the last 12 months amounting to 1.47. The Price to Book ratio for the last quarter was 1.55, with the Price to Cash per share for the same quarter was set at 4.03.
How has OM stock performed recently?
Outset Medical Inc [OM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 44.11. With this latest performance, OM shares gained by 84.88% in over the last four-week period, additionally sinking by -5.96% over the last 6 months – not to mention a drop of -81.91% 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 OM stock in for the last two-week period is set at 77.59, with the RSI for the last a single of trading hit 85.62, and the three-weeks RSI is set at 69.72 for Outset Medical Inc [OM]. The present Moving Average for the last 50 days of trading for this stock 2.51, while it was recorded at 3.06 for the last single week of trading, and 6.73 for the last 200 days.
Outset Medical Inc [OM]: Deeper insight into the fundamentals
Outset Medical Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.37 and a Current Ratio set at 5.26.
Insider trade positions for Outset Medical Inc [OM]
The top three institutional holders of OM stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in OM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in OM stock with ownership which is approximately 5.8386%.
