While Outset Medical Inc has underperformed by -11.82%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, OM fell by -86.12%, with highs and lows ranging from $6.37 to $0.44, whereas the simple moving average fell by -69.97% in the last 200 days.
On August 08, 2024, RBC Capital Mkts Downgraded Outset Medical Inc (NASDAQ: OM) to Sector Perform. A report published by RBC Capital Mkts on June 21, 2024, Upgraded its rating to ‘Outperform’ for OM. BTIG Research also rated OM shares as ‘Buy’, setting a target price of $6 on the company’s shares in an initiating report dated April 08, 2024. RBC Capital Mkts January 12, 2024d its ‘Outperform’ rating to ‘Sector Perform’ for OM, as published in its report on January 12, 2024. BofA Securities’s report from October 13, 2023 suggests a price prediction of $3 for OM shares, giving the stock a ‘Underperform’ rating. CL King also rated the stock as ‘Neutral’.
Analysis of Outset Medical Inc (OM)
Further, the quarter-over-quarter decrease in sales is -5.59%, showing a negative trend in the upcoming months.
One of the most important indicators of Outset Medical Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -141.02% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 5.04, 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.
For any stock, average volume can also provide valuable insight into volatility, and OM is recording 1.32M average volume. On a monthly basis, the volatility of the stock is set at 11.11%, whereas on a weekly basis, it is put at 13.04%, with a loss of -18.16% over the past seven days. Furthermore, long-term investors anticipate a median target price of $2.89, showing growth from the present price of $0.70, which can serve as yet another indication of whether OM is worth investing in or should be passed over.
How Do You Analyze Outset Medical Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. 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 8.24%. 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 51.53% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
OM shares are owned by institutional investors to the tune of 51.53% at present.
