As of Wednesday close, Omega Healthcare Investors Inc.’s (NYSE:OHI) stock was down -$0.33, moving down -1.06 percent to $30.81. The average number of shares traded per day over the past five days has been 1,153,600 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.91 fall in that time frame. In the last twenty days, the average volume was 1,586,070, while in the previous 50 days, it was 1,822,180.
Since last month, OHI stock retreated -4.20%. Shares of the company fell to $30.67 on 08/16/23, the lowest level in the past month. A 52-week high of $33.28 was reached on 07/24/23 after having rallying from a 52-week low of $25.61. Since the beginning of this year, OHI’s stock price has risen by 10.23% or $2.86, and marked a new high 13 times. However, the stock has declined by -7.42% since its 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Valuation Metrics
Right now, Omega Healthcare Investors Inc. (OHI) has a P/E ratio of about 30.63. The stock’s beta is 0.96. Besides these, the trailing price-to-sales (P/S) ratio of 8.76, the price-to-book (PB) ratio of 2.04, and the price-to-cash flow ratio of 24.37 may also be considered.
The latest dividend of $0.67 per share was paid out, remained unchanged from last year’s $0.67. On Monday October 14 2019, a $0.01 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the recent quarter was 1.46, and the total debt-to-equity ratio was 1.46. On the profitability front, the trailing twelve-month gross margin is 98.10% percent. In the recent year, operating margins totaled -0.80%. Based on annual data, OHI earned $311.82 million in gross profit and brought in $878.24 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 0.80%. Return on equity (ROE) for the past 12 months was 6.80%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. OHI’s revenue rose 2.21% to $218.2 million during the quarter, while net income inched up to $250.19 million. During the quarter, the company generated $192.21 million in EBITDA. The value of shareholders’ equity is $244.87 million.
Technical Picture
This quick technical analysis looks at Omega Healthcare Investors Inc.’s (OHI) price momentum. With a historical volatility rate of 15.43%, the RSI 9-day stood at 33.32% on 16 August.
With respect to its five-day moving average, the current Omega Healthcare Investors Inc. price is down by -2.87% percent or -$0.91. At present, OHI shares trade -5.72% below its 20-day simple moving average and +19.74% percent above its 100-day simple moving average. However, the stock is currently trading approximately +3.35% above its SMA50 and -3.33% below its SMA200.
Stochastic coefficient K was 14.32% and Stochastic coefficient D was 19.10%, while ATR was 0.52. Given the Stochastic reading of 9.44% for the 14-day period, the RSI (14) reading has been calculated as 39.72%. As of today, the MACD Oscillator reading stands at -0.33, while the 14-day reading stands at -0.39.
Analyst Ratings
Omega Healthcare Investors Inc. (OHI) has been rated Hold by analysts. According to 0 brokerage firms, OHI is a sell, and 12 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Omega Healthcare Investors Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $32.00, the current consensus forecast for the stock is $28.00 – $36.00. Based on these forecasts, analysts predict Omega Healthcare Investors Inc. (OHI) will achieve an average price target of $32.19.
