Omeros Corporation (NASDAQ:OMER) saw an upside of 4.63% to close Friday at $2.94 after adding $0.13 on the day. The 5-day average trading volume is 474,160 shares of the company’s common stock. It has gained $3.12 in the past week and touched a new high 2 times within the past 5 days. An average of 374,800 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 425,614.
OMER’s 1-month performance is -23.04% or -$0.77 on its low of $2.78 reached on 09/21/23. The company’s shares have touched a 52-week low of $1.74 and high of $7.80, with the stock’s rally to the 52-week high happening on 06/05/23. YTD, OMER has achieved 30.09% or $0.68 and has reached a new high 20 times. However, the current price is down -62.30% from the 52-week high price.
Insider Transactions
OMER stock investors last saw insider trading activity on May 22.Cable Thomas J. (Director) most recently sold 5,000 shares at $6.53 per share on May 22. This transaction cost the insider $32,650. Director, HANISH ARNOLD C, sold 5,000 shares at a price of $6.46 on May 22.
Valuation Metrics
OMER stock has a beta of 0.99. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 9.01, with the price to cash flow ratio at 2.05.
Omeros Corporation’s quick ratio for the period ended June 29 was 2.71, with the current ratio over the same period at 2.71. As well, the company’s long term debt to equity for the quarter ending June 29 was 17.69, while the total debt to equity was 22.77. In terms of profitability, the gross margin trailing 12 months is 95.22%.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 17.27% to -$37.29 million, while revenue of -$33.7 million was 9.63% off the previous quarter. Analysts expected OMER to announce -$0.57 per share in earnings in its latest quarter, but it posted -$0.59, representing a -3.50% surprise. EBITDA for the quarter stood at more than -$40.57 million. OMER stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 506.91 million, with total debt at $467.07 million. Shareholders hold equity totaling $62.86 million.
Let’s look briefly at Omeros Corporation (OMER) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 32.92% to suggest the stock is trending Neutral, with historical volatility in this time period at 47.18%.
The stock’s 5-day moving average is $2.96, reflecting a -5.47% or -$0.17 change from its current price. OMER is currently trading -16.48% above its 20-day SMA, -48.06% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -42.24% and SMA200 by+44.83%.
Stochastic %K and %D was 7.31% and 6.54% and the average true range (ATR) pointed at 0.20. The RSI (14) points at 33.57%, while the 14-day stochastic is at 17.10% with the period’s ATR at 0.22. The stock’s 9-day MACD Oscillator is pointing at -0.17 and -0.30 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Omeros Corporation (NASDAQ: OMER), UBS downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for OMER stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate OMER as a “sell,”, while 2 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is OMER’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $4.00 and a high of $13.00, with their median price target at $4.00. Looking at these predictions, the average price target given by analysts is for Omeros Corporation (OMER) stock is $7.00.
