The stock price of Owens & Minor, Inc (NYSE: OMI) has dropped by -10.18 compared to previous close of 13.36. Despite this, the company has seen a fall of -9.84% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-04 that Owens & Minor, Inc. (NYSE:OMI ) Q3 2024 Earnings Conference Call November 4, 2024 8:30 AM ET Company Participants Jackie Marcus – Investor Relations Edward Pesicka – President and Chief Executive Officer Jonathan Leon – Executive Vice President and Chief Financial Officer Conference Call Participants Kevin Caliendo – UBS Michael Cherny – Leerink Partners Allen Lutz – Bank of America John Stansel – JPMorgan Stephanie Davis – Barclays Eric Coldwell – Baird Daniel Grosslight – Citi Operator Good day, everyone, and thank you for standing by. Welcome to the Owens & Minor Third Quarter 2024 Earnings Conference Call.
Is It Worth Investing in Owens & Minor, Inc (NYSE: OMI) Right Now?
The stock has a 36-month beta value of 0.42. Opinions on the stock are mixed, 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 68.43M, and at present, short sellers hold a 6.75% of that float. On November 05, 2024, the average trading volume of OMI was 906.96K shares.
OMI’s Market Performance
OMI stock saw a decrease of -9.84% in the past week, with a monthly decline of -18.26% and a quarterly a decrease of -22.08%. The volatility ratio for the week is 6.02%, and the volatility levels for the last 30 days are 4.43% for Owens & Minor, Inc (OMI). The simple moving average for the last 20 days is -10.74% for OMI’s stock, with a simple moving average of -35.26% 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 -17.52% 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 -57.67% of loss for the given period.
Volatility was left at 4.43%, however, over the last 30 days, the volatility rate increased by 6.02%, as shares sank -11.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.70% lower at present.
During the last 5 trading sessions, OMI fell by -9.84%, which changed the moving average for the period of 200-days by -35.76% in comparison to the 20-day moving average, which settled at $13.44. In addition, Owens & Minor, Inc saw -37.73% 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 -5.54, with -0.96 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 0.29. 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
To sum up, Owens & Minor, Inc (OMI) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
