Owens & Minor Inc. (NYSE:OMI) went down by -2.35% from its latest closing price compared to the recent 1-year high of $49.16. The company’s stock price has collected -3.72% of loss in the last five trading sessions. Press Release reported on 11/22/21 that New SAFESKIN* Nitrile Gloves in POP-N-GO* Packs Provide On-The-Go Protection
Is It Worth Investing in Owens & Minor Inc. (NYSE :OMI) Right Now?
Owens & Minor Inc. (NYSE:OMI) scored a price-to-earnings ratio above its average ratio, recording 13.08 x from its present earnings ratio. Plus, the 36-month beta value for OMI is at 0.35.
The average price from analysts is $49.20, which is $8.06 above the current price. OMI currently public float of 72.61M and currently shorts hold a 9.45% ratio of that float. Today, the average trading volume of OMI was 751.45K shares.
OMI’s Market Performance
OMI stocks went down by -3.72% for the week, with a monthly jump of 15.99% and a quarterly performance of 12.01%, while its annual performance rate touched 63.84%. The volatility ratio for the week stands at 3.23% while the volatility levels for the past 30 days are set at 3.74% for Owens & Minor Inc.. The simple moving average for the period of the last 20 days is -0.54% for OMI stocks with a simple moving average of 8.94% for the last 200 days.
Analysts’ Opinion of OMI
Many brokerage firms have already submitted their reports for OMI stocks, with UBS repeating the rating for OMI by listing it as a “Buy.” The predicted price for OMI in the upcoming period, according to UBS is $37 based on the research report published on December 17th of the previous year 2020.
Barclays, on the other hand, stated in their research note that they expect to see OMI reach a price target of $20. The rating they have provided for OMI stocks is “Equal Weight” according to the report published on September 25th, 2020.
Robert W. Baird gave a rating of “Outperform” to OMI, setting the target price at $14 in the report published on July 21st of the previous year.
OMI Trading at 13.07% from the 50-Day Moving Average
After a stumble in the market that brought OMI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.31% of loss for the given period.
Volatility was left at 3.74%, however, over the last 30 days, the volatility rate increased by 3.23%, as shares surge +17.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.56% upper at present.
During the last 5 trading sessions, OMI fell by -3.72%, which changed the moving average for the period of 200-days by +42.45% in comparison to the 20-day moving average, which settled at $41.67. In addition, Owens & Minor Inc. saw 52.09% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at OMI starting from Long Andrew G, who sale 11,882 shares at the price of $42.27 back on Nov 12. After this action, Long Andrew G now owns 86,862 shares of Owens & Minor Inc., valued at $502,252 using the latest closing price.
Pace Nicholas J, the EVP General Counsel & CorpSec of Owens & Minor Inc., sale 49,370 shares at $42.39 during a trade that took place back on Nov 03, which means that Pace Nicholas J is holding 193,415 shares at $2,092,987 based on the most recent closing price.
Stock Fundamentals for OMI
Equity return is now at value 28.50, with 6.60 for asset returns.