The stock of Owens & Minor Inc. (NYSE:OMI) decreased by -$0.02 on Friday to finish at $20.18, down -0.10 percent. The last five days have seen an average of 932,860 shares of common stock traded. 9 times new highs were reached in the current year, with a gain of $0.65. The average number of shares traded over the last 20 days was 674,550, while the average volume over the last 50 days totaled 698,700.
OMI stock appreciated 5.65% since last month. On 08/04/23, the company’s shares reached a one-month low of $17.77. The stock touched a high of $35.74 on 02/09/23, after rallying from a low of $11.79 in 52 weeks. The price of OMI stock has risen by 3.33% or $0.65 this year, reaching a new high 9 times. Still, the stock price is down -43.54% from the 52-week high.
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Insider Transactions
OMI stock investors should be aware that Owens & Minor Inc. (OMI) stock had its last reported insider trading activity 59 days ago on Jun 16. On Jun 16, President & CEO Pesicka Edward A sold 38,780 shares at $19.28 each. This transaction resulted in the insider making $747,487. On Jun 15, Pesicka Edward A sold 38,780 shares at a price of US$19.24. After the transaction, the insider now owns 747,153 shares. President & CEO Pesicka Edward A had earlier sold 118,928 shares on Jun 09 for $20.79 a share. The transaction was completed for $2,472,941.
Valuation Metrics
Beta for the stock is 0.52. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.15, the price-to-book (PB) ratio of 1.71, and the price-to-cash flow ratio of 3.64.
Company paid $0.0020 per share in dividends, remained unchanged from $0.0020 last year.
Financial Health
For the recent quarter, Owens & Minor Inc.’s quick ratio was 0.60, while its current ratio was 1.30, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 2.58, and the total debt to equity ratio is 2.58. As far as profitability goes, gross margin for the trailing twelve months is 19.10% percent. Owens & Minor Inc.’s EBITDA margin for the recent year was 4.23%, whereas its operating margin stood at 0.30% for the same period. Based on annual data, it had gross profit of $1.83 billion and revenue of $9.96 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. OMI’s return on assets (ROA) during the last 12 months has been -1.80%. There was a 4.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -10.50%.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.56 billion, while revenues rose by 2.44% to $2.52 billion. EBITDA was $82.9 million for the quarter. At the end of Owens & Minor Inc.’s most recent quarter, its liabilities totaled 4.39 billion, while its total debt was $2.64 billion. Equity owned by shareholders amounts to $76.53 million.
Technical Picture
Here’s a quick look at Owens & Minor Inc.’s (OMI) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 65.18%, suggesting the stock is Neutral, with a 43.35% historical volatility rate.
The stochastic %K and %D were 83.77% and 79.54% respectively, while the average true range (ATR) was 0.86. Based on the 14-day stochastic reading of 78.25%, the RSI (14) reading is 61.18%. On the 9-day MACD Oscillator, the stock is at 0.80, and the 14-day reading is at 1.01.
Analyst Ratings
Owens & Minor Inc. (NYSE: OMI) was downgraded by Citigroup to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Owens & Minor Inc. (OMI) an Hold rating. OMI is a stock that is recommended for selling by 1 brokerage firm, while 4 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is OMI’s price target for the next 12 months?
The current consensus forecast for the stock is between $16.00 and $24.00, with a median target price of $21.00. In analyzing these forecasts, the average price target given by analysts for Owens & Minor Inc. (OMI) is $20.33.
