While Owens & Minor, Inc. has underperformed by -1.61%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, OMI rose by 1.50%, with highs and lows ranging from $28.35 to $13.64, whereas the simple moving average fell by -5.93% in the last 200 days.
On February 26, 2024, Leerink Partners started tracking Owens & Minor, Inc. (NYSE: OMI) recommending Market Perform. A report published by Barclays on January 03, 2024, Initiated its previous ‘Equal Weight’ rating for OMI. Citigroup also Downgraded OMI shares as ‘Neutral’, setting a target price of $18 on the company’s shares in a report dated October 13, 2022. Robert W. Baird October 12, 2022d the rating to Neutral on October 12, 2022, and set its price target from $62 to $22. BofA Securities October 12, 2022d its ‘Buy’ rating to ‘Underperform’ for OMI, as published in its report on October 12, 2022. Citigroup’s report from April 26, 2022 suggests a price prediction of $55 for OMI shares, giving the stock a ‘Buy’ rating. Credit Suisse also rated the stock as ‘Neutral’.
Analysis of Owens & Minor, Inc. (OMI)
Further, the quarter-over-quarter increase in sales is 3.56%, showing a positive trend in the upcoming months.
One of the most important indicators of Owens & Minor, Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -4.26% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.56, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and OMI is recording 683.07K average volume. On a monthly basis, the volatility of the stock is set at 5.04%, whereas on a weekly basis, it is put at 9.85%, with a loss of -23.57% over the past seven days. Furthermore, long-term investors anticipate a median target price of $22.71, showing growth from the present price of $18.91, which can serve as yet another indication of whether OMI is worth investing in or should be passed over.
How Do You Analyze Owens & Minor, Inc. Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 9.66%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 96.77% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
OMI shares are owned by institutional investors to the tune of 96.77% at present.
