Owens & Minor, Inc. (NYSE: OMI)’s stock price has increased by 9.99 compared to its previous closing price of 15.31. However, the company has seen a 16.70% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-07-23 that Owens & Minor, Inc. (NYSE:OMI ) Special Conference Call July 23, 2024 8:30 AM ET Company Participants Jacqueline Marcus – Investor Relations, Alpha IR Group Edward Pesicka – President and Chief Executive Office Jonathan A. Leon – Interim CFO and SVP of Finance and Corporate Treasurer Conference Call Participants Stephanie Davis – Barclays John Stansel – JP Morgan Daniel Clark – Leerink Partners Allen Lutz – Bank of America Operator Greetings, welcome to Owens & Minor Special Conference Call to discuss its proposed acquisition of Rotech Healthcare Holdings, Inc. At this time, all participants are in a listen-only mode.
Is It Worth Investing in Owens & Minor, Inc. (NYSE: OMI) Right Now?
OMI has 36-month beta value of 0.24. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 2 as “sell.”
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The public float for OMI is 69.48M, and currently, short sellers hold a 4.61% ratio of that float. The average trading volume of OMI on July 23, 2024 was 893.29K shares.
OMI’s Market Performance
OMI stock saw a decrease of 16.70% in the past week, with a monthly decline of -0.77% and a quarterly a decrease of -30.50%. The volatility ratio for the week is 4.70%, and the volatility levels for the last 30 days are 5.02% for Owens & Minor, Inc. (OMI). The simple moving average for the last 20 days is 20.60% for OMI stock, with a simple moving average of -14.94% for the last 200 days.
Analysts’ Opinion of OMI
Many brokerage firms have already submitted their reports for OMI stocks, with Citigroup repeating the rating for OMI by listing it as a “Buy.” The predicted price for OMI in the upcoming period, according to Citigroup is $19 based on the research report published on July 19, 2024 of the current year 2024.
Leerink Partners, on the other hand, stated in their research note that they expect to see OMI reach a price target of $24. The rating they have provided for OMI stocks is “Market Perform” according to the report published on February 26th, 2024.
Barclays gave a rating of “Equal Weight” to OMI, setting the target price at $21 in the report published on January 03rd of the current year.
OMI Trading at 3.97% 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 -40.60% of loss for the given period.
Volatility was left at 5.02%, however, over the last 30 days, the volatility rate increased by 4.70%, as shares surge +2.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.74% lower at present.
During the last 5 trading sessions, OMI rose by +14.97%, which changed the moving average for the period of 200-days by +5.53% in comparison to the 20-day moving average, which settled at $13.98. In addition, Owens & Minor, Inc. saw -12.61% 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 OMI starting from Bernocchi Perry A, who sale 20,015 shares at the price of $17.49 back on Jun 06 ’24. After this action, Bernocchi Perry A now owns 129,520 shares of Owens & Minor, Inc., valued at $350,003 using the latest closing price.
Beck Mark A, the Director of Owens & Minor, Inc., sale 9,344 shares at $17.25 during a trade that took place back on Jun 05 ’24, which means that Beck Mark A is holding 11,154 shares at $161,184 based on the most recent closing price.
Stock Fundamentals for OMI
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.2 for the gross margin
The net margin for Owens & Minor, Inc. stands at -0.0. The total capital return value is set at 0.04. Equity return is now at value -4.26, with -0.74 for asset returns.
Based on Owens & Minor, Inc. (OMI), the company’s capital structure generated 0.71 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 2.41. The interest coverage ratio of the stock is 0.87.
Currently, EBITDA for the company is 587.21 million with net debt to EBITDA at 4.87. When we switch over and look at the enterprise to sales, we see a ratio of 0.33. The receivables turnover for the company is 15.56for trailing twelve months and the total asset turnover is 2.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.16.
Conclusion
To put it simply, Owens & Minor, Inc. (OMI) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
