Omnicell, Inc. (NASDAQ: OMCL)’s stock price has plunge by -1.65relation to previous closing price of 30.25. Nevertheless, the company has seen a -1.26% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-06 that Omnicell (OMCL) outpaces expectations in the first quarter of 2024 in a challenging customer environment.
Is It Worth Investing in Omnicell, Inc. (NASDAQ: OMCL) Right Now?
Company’s 36-month beta value is 0.82.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for OMCL is 44.87M, and currently, short sellers hold a 5.62% ratio of that floaft. The average trading volume of OMCL on May 10, 2024 was 523.11K shares.
OMCL’s Market Performance
OMCL stock saw an increase of -1.26% in the past week, with a monthly gain of 8.89% and a quarterly increase of 8.54%. The volatility ratio for the week is 2.93%, and the volatility levels for the last 30 days are 3.71% for Omnicell, Inc. (OMCL). The simple moving average for the past 20 days is 5.80% for OMCL’s stock, with a -22.60% simple moving average for the past 200 days.
Analysts’ Opinion of OMCL
Many brokerage firms have already submitted their reports for OMCL stocks, with Barclays repeating the rating for OMCL by listing it as a “Underweight.” The predicted price for OMCL in the upcoming period, according to Barclays is $33 based on the research report published on January 03, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see OMCL reach a price target of $28, previously predicting the price at $39. The rating they have provided for OMCL stocks is “Equal Weight” according to the report published on November 03rd, 2023.
Piper Sandler gave a rating of “Overweight” to OMCL, setting the target price at $39 in the report published on November 03rd of the previous year.
OMCL Trading at 6.53% from the 50-Day Moving Average
After a stumble in the market that brought OMCL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -61.43% of loss for the given period.
Volatility was left at 3.71%, however, over the last 30 days, the volatility rate increased by 2.93%, as shares surge +9.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.32% upper at present.
During the last 5 trading sessions, OMCL fell by -1.31%, which changed the moving average for the period of 200-days by -52.24% in comparison to the 20-day moving average, which settled at $28.25. In addition, Omnicell, Inc. saw -20.94% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OMCL starting from MELLON CHRISTINE MARIE, who sale 7,951 shares at the price of $73.14 back on Jun 09 ’23. After this action, MELLON CHRISTINE MARIE now owns 14,876 shares of Omnicell, Inc., valued at $581,568 using the latest closing price.
LIPPS RANDALL A, the CHAIRMAN, PRESIDENT AND CEO of Omnicell, Inc., purchase 4,000 shares at $73.76 during a trade that took place back on Jun 08 ’23, which means that LIPPS RANDALL A is holding 318,768 shares at $295,040 based on the most recent closing price.
Stock Fundamentals for OMCL
Current profitability levels for the company are sitting at:
- -0.03 for the present operating margin
- 0.42 for the gross margin
The net margin for Omnicell, Inc. stands at -0.02. The total capital return value is set at -0.02. Equity return is now at value -1.81, with -0.93 for asset returns.
Based on Omnicell, Inc. (OMCL), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.38. The debt to equity ratio resting at 0.49. The interest coverage ratio of the stock is -1.8.
Currently, EBITDA for the company is 76.23 million with net debt to EBITDA at 0.48. When we switch over and look at the enterprise to sales, we see a ratio of 1.29. The receivables turnover for the company is 4.23for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.38.
Conclusion
In a nutshell, Omnicell, Inc. (OMCL) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
