In the past week, OMER stock has gone down by -0.58%, with a monthly decline of -22.22% and a quarterly surge of 13.20%. The volatility ratio for the week is 11.21%, and the volatility levels for the last 30 days are 7.74% for Omeros Corporation The simple moving average for the past 20 days is -5.68% for OMER’s stock, with a 0.76% simple moving average for the past 200 days.
Is It Worth Investing in Omeros Corporation (NASDAQ: OMER) Right Now?
The 36-month beta value for OMER is also noteworthy at 1.34. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for OMER is 55.60M, and at present, short sellers hold a 24.46% of that float. The average trading volume of OMER on April 08, 2024 was 582.90K shares.
OMER) stock’s latest price update
Omeros Corporation (NASDAQ: OMER) has experienced a rise in its stock price by 9.94 compared to its previous closing price of 3.12. However, the company has seen a fall of -0.58% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-01 that Omeros Corporation (OMER) Q4 2023 Earnings Call Transcript
Analysts’ Opinion of OMER
Many brokerage firms have already submitted their reports for OMER stocks, with UBS repeating the rating for OMER by listing it as a “Neutral.” The predicted price for OMER in the upcoming period, according to UBS is $2 based on the research report published on December 08, 2022 of the previous year 2022.
BofA Securities, on the other hand, stated in their research note that they expect to see OMER reach a price target of $3, previously predicting the price at $8. The rating they have provided for OMER stocks is “Underperform” according to the report published on November 08th, 2022.
BofA Securities gave a rating of “Neutral” to OMER, setting the target price at $4 in the report published on June 08th of the previous year.
OMER Trading at -10.46% from the 50-Day Moving Average
After a stumble in the market that brought OMER to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -56.01% of loss for the given period.
Volatility was left at 7.74%, however, over the last 30 days, the volatility rate increased by 11.21%, as shares sank -24.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.72% lower at present.
During the last 5 trading sessions, OMER fell by -0.58%, which changed the moving average for the period of 200-days by -45.47% in comparison to the 20-day moving average, which settled at $3.58. In addition, Omeros Corporation saw 4.89% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OMER starting from Demopulos Gregory A MD, who purchase 15,000 shares at the price of $1.68 back on Nov 17 ’23. After this action, Demopulos Gregory A MD now owns 123,945 shares of Omeros Corporation, valued at $25,200 using the latest closing price.
Demopulos Peter A MD, the Director of Omeros Corporation, purchase 10,000 shares at $1.53 during a trade that took place back on Nov 15 ’23, which means that Demopulos Peter A MD is holding 208,516 shares at $15,300 based on the most recent closing price.
Stock Fundamentals for OMER
The total capital return value is set at -0.51. Equity return is now at value -576.33, with -36.09 for asset returns.
Based on Omeros Corporation (OMER), the company’s capital structure generated 1.08 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at -13.75. The interest coverage ratio of the stock is -10.96.
Currently, EBITDA for the company is -163.61 million with net debt to EBITDA at -2.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.09.
Conclusion
In summary, Omeros Corporation (OMER) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
