The stock of Owens & Minor, Inc. (OMI) has gone down by -2.70% for the week, with a -5.85% drop in the past month and a -10.00% drop in the past quarter. The volatility ratio for the week is 3.77%, and the volatility levels for the past 30 days are 4.09% for OMI.. The simple moving average for the past 20 days is -2.98% for OMI’s stock, with a -27.03% simple moving average for the past 200 days.
Is It Worth Investing in Owens & Minor, Inc. (NYSE: OMI) Right Now?
The 36-month beta value for OMI is also noteworthy at 0.39. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 rating it as “hold,” and 2 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for OMI is 68.43M, and at present, short sellers hold a 6.76% of that float. The average trading volume of OMI on October 25, 2024 was 964.02K shares.
OMI) stock’s latest price update
Owens & Minor, Inc. (NYSE: OMI) has experienced a rise in its stock price by 3.56 compared to its previous closing price of 13.21. However, the company has seen a fall of -2.70% in its stock price over the last five trading days. businesswire.com reported 2024-10-21 that RICHMOND, Va.–(BUSINESS WIRE)–Owens & Minor, Inc. (NYSE: OMI) plans to release financial results for the third quarter of 2024 on Monday, November 4, 2024, before trading begins on the New York Stock Exchange. The Company will host a conference call for investors and analysts at 8:30 a.m. ET on the same day. Participants may access the call via the toll-free dial-in number at 1-888-300-2035, or the toll dial-in number at 1-646-517-7437. The conference ID access code is 1058917. All intere.
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 -8.58% 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 -51.75% of loss for the given period.
Volatility was left at 4.09%, however, over the last 30 days, the volatility rate increased by 3.77%, as shares sank -13.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.80% lower at present.
During the last 5 trading sessions, OMI fell by -2.70%, which changed the moving average for the period of 200-days by -29.16% in comparison to the 20-day moving average, which settled at $14.10. In addition, Owens & Minor, Inc. saw -29.01% 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 Bruni Alexander J, who proposed sale 3,384 shares at the price of $15.93 back on Sep 20 ’24. After this action, Bruni Alexander J now owns shares of Owens & Minor, Inc., valued at $53,921 using the latest closing price.
Leon Jonathan A, the SVP, Corp Treasurer, Intm CFO of Owens & Minor, Inc., sale 7,500 shares at $15.83 during a trade that took place back on Aug 22 ’24, which means that Leon Jonathan A is holding 93,171 shares at $118,725 based on the most recent closing price.
Stock Fundamentals for OMI
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.19 for the gross margin
The net margin for Owens & Minor, Inc. stands at -0.0. The total capital return value is set at 0.06. Equity return is now at value -4.83, with -0.80 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 0.16. The debt to equity ratio resting at 2.43. The interest coverage ratio of the stock is 1.27.
Currently, EBITDA for the company is 587.21 million with net debt to EBITDA at 4.83. When we switch over and look at the enterprise to sales, we see a ratio of 0.3. The receivables turnover for the company is 15.85for trailing twelve months and the total asset turnover is 1.99. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.09.
Conclusion
In summary, Owens & Minor, Inc. (OMI) has had a bad performance as of late. Analysts have mixed 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.
