At the last check on Thursday, Owens & Minor Inc.’s (NYSE:OMI) stock was up $0.05, moving up 0.31 percent to $16.11. The average number of shares traded per day over the past five days has been 1,702,693 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.50 fall in that time frame. In the last twenty days, the average volume was 877,388, while in the previous 50 days, it was 785,365.
Since last month, OMI stock rose 1.51%. Shares of the company fell to $15.67 on 08/22/23, the lowest level in the past month. A 52-week high of $26.37 was reached on 02/09/23 after having rallying from a 52-week low of $11.79. Since the beginning of this year, OMI’s stock price has dropped by -17.51% or -$3.48, and marked a new high 9 times. However, the stock has declined by -38.91% since its 52-week high.
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OMI stock investors should be aware that Owens & Minor Inc. (OMI) stock had its last reported insider trading activity 97 days ago on Jun 16. Pesicka Edward A, the President & CEO of the company, disposed of 38,780 shares for $19.28 on Jun 16. It resulted in a $747,487 divestment by the insider. Pesicka Edward A sold 38,780 shares at an average price of $19.24 on Jun 15. The insider now owns 747,153 shares following the transaction. On Jun 09, President & CEO Pesicka Edward A sold 118,928 shares at $20.79 apiece. The transaction was valued at $2,472,941.
Valuation Metrics
The stock’s beta is 0.56. Besides these, the trailing price-to-sales (P/S) ratio of 0.12, the price-to-book (PB) ratio of 1.36, and the price-to-cash flow ratio of 2.88 may also be considered.
The latest dividend of $0.0020 per share was paid out, remained unchanged from last year’s $0.0020.
Financial Health
In the recent quarter, Owens & Minor Inc.’s quick ratio stood at 0.60, while its current ratio was 1.30, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 2.58, and the total debt-to-equity ratio was 2.58. On the profitability front, the trailing twelve-month gross margin is 19.10% percent. In the recent year, EBITDA margin amounted to 4.23%, whereas operating margins totaled 0.30%. Based on annual data, OMI earned $1.83 billion in gross profit and brought in $9.96 billion 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 4.50%. Return on equity (ROE) for the past 12 months was -10.50%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. OMI’s revenue rose 2.44% to $2.52 billion during the quarter, while net income inched up to $2.56 billion. During the quarter, the company generated $82.9 million in EBITDA. The liabilities of Owens & Minor Inc. were 4.39 billion at the end of its most recent quarter, and its total debt was $2.64 billion. The value of shareholders’ equity is $76.53 million.
Technical Picture
This quick technical analysis looks at Owens & Minor Inc.’s (OMI) price momentum. With a historical volatility rate of 16.25%, the RSI 9-day stood at 34.73% on 20 September.
With respect to its five-day moving average, the current Owens & Minor Inc. price is down by -3.02% percent or -$0.50. At present, OMI shares trade +0.25% above its 20-day simple moving average and +3.28% percent above its 100-day simple moving average. However, the stock is currently trading approximately -13.15% below its SMA50 and -23.68% below its SMA200.
Stochastic coefficient K was 8.35% and Stochastic coefficient D was 14.06%, while ATR was 0.62. Given the Stochastic reading of 6.51% for the 14-day period, the RSI (14) reading has been calculated as 37.76%. As of today, the MACD Oscillator reading stands at -0.20, while the 14-day reading stands at -0.55.
Analyst Ratings
Owens & Minor Inc. downgraded its rating on Owens & Minor Inc. (NYSE: OMI) to a Neutral in a note to investors on October 13, 2022. The analysts firm previously had a Buy rating on the stock.Owens & Minor Inc. (OMI) has been rated Hold by analysts. According to 1 brokerage firm, OMI is a sell, and 3 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Owens & Minor Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $21.00, the current consensus forecast for the stock is $16.00 – $24.00. Based on these forecasts, analysts predict Owens & Minor Inc. (OMI) will achieve an average price target of $20.60.
