While Omnicell, Inc has underperformed by -8.31%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, OMCL rose by 36.86%, with highs and lows ranging from $55.74 to $25.12, whereas the simple moving average jumped by 45.64% in the last 200 days.
On October 31, 2024, BofA Securities Downgraded Omnicell, Inc (NASDAQ: OMCL) to Neutral. A report published by Barclays on August 02, 2024, Upgraded its rating to ‘Equal Weight’ for OMCL. Barclays also rated OMCL shares as ‘Underweight’, setting a target price of $33 on the company’s shares in an initiating report dated January 03, 2024. Wells Fargo November 03, 2023d the rating to Equal Weight on November 03, 2023, and set its price target from $39 to $28. Piper Sandler November 03, 2023d its ‘Neutral’ rating to ‘Overweight’ for OMCL, as published in its report on November 03, 2023. KeyBanc Capital Markets also rated the stock as ‘Sector Weight’.
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Analysis of Omnicell, Inc (OMCL)
Further, the quarter-over-quarter decrease in sales is -5.44%, showing a negative trend in the upcoming months.
Omnicell, Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -1.46% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.95, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and OMCL has an average volume of 552.07K. On a monthly basis, the volatility of the stock is set at 3.80%, whereas on a weekly basis, it is put at 8.29%, with a gain of 23.99% over the past seven days. Furthermore, long-term investors anticipate a median target price of $56.57, showing growth from the present price of $48.64, which can serve as yet another indication of whether OMCL is worth investing in or should be passed over.
How Do You Analyze Omnicell, Inc Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.44%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 100.35% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
OMCL shares are owned by institutional investors to the tune of 100.35% at present.
