The stock price of Owens & Minor, Inc (NYSE: OMI) has surged by 4.12 when compared to previous closing price of 13.84, but the company has seen a 10.25% gain in its stock price over the last five trading sessions. accesswire.com reported 2024-12-30 that Issue of Shares and Total Voting Rights LONDON, UNITED KINGDOM / ACCESSWIRE / December 30, 2024 / Orosur Mining Inc. (“Orosur” or “the Company”) (AIM:OMI)(TSXV:OMI), a minerals explorer and developer with projects in Colombia, Argentina and Nigeria, advises that, following an exercise of: 1,694,615 warrants at an exercise price of US$0.0372 (approximately 2.952p) each; 559,712 warrants at an exercise price of US$0.0494 (approximately 3.921p) each; and, 2,677,966 warrants at an exercise price of US$0.0558 (approximately 4.429p) each, the Company will, issue 4,932,593 new common shares of no par value each (“Common Shares”) for a total consideration of US$240,131. Application will be made for the 4,932,593 Common Shares, which rank pari passu with the existing Common Shares in issue, to be admitted to trading on AIM (“Admission”).
Is It Worth Investing in Owens & Minor, Inc (NYSE: OMI) Right Now?
The 36-month beta value for OMI is at 0.47. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for OMI is 70.18M, and currently, shorts hold a 5.47% of that float. The average trading volume for OMI on January 10, 2025 was 671.96K shares.
OMI’s Market Performance
OMI’s stock has seen a 10.25% increase for the week, with a 5.72% rise in the past month and a 5.88% gain in the past quarter. The volatility ratio for the week is 5.54%, and the volatility levels for the past 30 days are at 5.07% for Owens & Minor, Inc The simple moving average for the past 20 days is 8.41% for OMI’s stock, with a -12.35% simple moving average for the past 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 previous 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 previous year.
OMI Trading at 9.65% 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 -49.17% of loss for the given period.
Volatility was left at 5.07%, however, over the last 30 days, the volatility rate increased by 5.54%, as shares surge +1.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.46% upper at present.
During the last 5 trading sessions, OMI rose by +10.25%, which changed the moving average for the period of 200-days by -44.28% in comparison to the 20-day moving average, which settled at $13.29. In addition, Owens & Minor, Inc saw 10.25% 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 OMI starting from Leon Jonathan A, who sale 5,282 shares at the price of $11.82 back on Nov 21 ’24. After this action, Leon Jonathan A now owns 130,822 shares of Owens & Minor, Inc, valued at $62,433 using the latest closing price.
Leon Jonathan A, the Officer of Owens & Minor, Inc, proposed sale 5,282 shares at $11.82 during a trade that took place back on Nov 21 ’24, which means that Leon Jonathan A is holding shares at $62,433 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 0.68 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 2.16. The interest coverage ratio of the stock is 1.29.
Currently, EBITDA for the company is 400.29 million with net debt to EBITDA at 4.57. 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 16.11for trailing twelve months and the total asset turnover is 2.1. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.09.
Conclusion
In conclusion, Owens & Minor, Inc (OMI) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
