As of Friday close, Omeros Corporation’s (NASDAQ:OMER) stock was up $0.03, moving up 0.86 percent to $3.53. The average number of shares traded per day over the past five days has been 540,460 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.77 fall in that time frame. In the last twenty days, the average volume was 519,340, while in the previous 50 days, it was 663,968.
Since last month, OMER stock retreated -34.14%. Shares of the company fell to $3.39 on 08/18/23, the lowest level in the past month. A 52-week high of $7.80 was reached on 06/05/23 after having rallying from a 52-week low of $1.74. Since the beginning of this year, OMER’s stock price has risen by 56.19% or $1.27, and marked a new high 20 times. However, the stock has declined by -54.73% since its 52-week high.
OMER stock investors should be aware that Omeros Corporation (OMER) stock had its last reported insider trading activity 89 days ago on May 22. Cable Thomas J., the Director of the company, disposed of 5,000 shares for $6.53 on May 22. It resulted in a $32,650 divestment by the insider. HANISH ARNOLD C sold 5,000 shares at an average price of $6.46 on May 22. The insider now owns 0 shares following the transaction.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 16.71, and the total debt-to-equity ratio was 21.56.
In Omeros Corporation’s quarter-end financial report for June 29, it reported total debt of $221.52 million against cash and short-term investments of $334.68 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Omeros Corporation to report -$0.57 quarterly earnings, the actual figure was -$0.59 per share, beating the consensus estimate by -3.50%. During the quarter, the company generated -$40.57 million in EBITDA. The liabilities of Omeros Corporation were 506.91 million at the end of its most recent quarter ended June 29, and its total debt was $467.07 million. The value of shareholders’ equity is $62.86 million.
Technical Picture
This quick technical analysis looks at Omeros Corporation’s (OMER) price momentum. With a historical volatility rate of 68.79%, the RSI 9-day stood at 27.54% on 18 August.
With respect to its five-day moving average, the current Omeros Corporation price is down by -17.91% percent or -$0.77. At present, OMER shares trade -33.40% below its 20-day simple moving average and -12.41% percent below its 100-day simple moving average. However, the stock is currently trading approximately -49.93% below its SMA50 and +6.65% above its SMA200.
Stochastic coefficient K was 6.25% and Stochastic coefficient D was 4.61%, while ATR was 0.30. Given the Stochastic reading of 12.61% for the 14-day period, the RSI (14) reading has been calculated as 30.98%. As of today, the MACD Oscillator reading stands at -0.41, while the 14-day reading stands at -0.47.
Analyst Ratings
Omeros Corporation downgraded its rating on Omeros Corporation (NASDAQ: OMER) to a Neutral in a note to investors on December 08, 2022. The analysts firm previously had a Buy rating on the stock.Omeros Corporation (OMER) has been rated Hold by analysts. According to 0 brokerage firms, OMER is a sell, and 2 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Omeros Corporation stock as buy, with 1 recommending it as overweight.
With a median target price of $4.00, the current consensus forecast for the stock is $4.00 – $13.00. Based on these forecasts, analysts predict Omeros Corporation (OMER) will achieve an average price target of $7.00.
