As volatility creeps into Omeros Corporation (NASDAQ:OMER), investors need to pay close attention to to the factors affecting stock today as its shares are trading 4.13% or 0.7 points down from last closing price of $16.95, reaching $16.25 at last check. The OMER share price has dropped in 3 of the last 5 days and is up 5.08% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 25,423 shares, and in total 256123 shares valued at $4.162 million were seen changing hands compared with 230700 shares valued at $3.91 million recorded at the previous session. You should take into consideration that a greater volume on lower prices causes the situation where nobody wants to continue with their long position and wants to exit from the OMER stock.
Omeros Corporation (OMER) shares have notched a 3-month gain of about 5.08%, but has still advanced 52.15% year to date. By comparison, the stock sank -10.6% over the past 12 months, while it slipped -8.63% over the 1 month. The company’s market cap is around $839.87M, with its short interest ratio standing at 26.05%.
In the current trading session for OMER, the stock witnessed two major price actions, it rose to a high of $16.9 and was down as much as $16.21 at one point. The high recorded is very low when compared to their 52-week high which is $10.3. The 52-week high is now at -39.52 distance from current price. Their recent low of $27 represents a 58.54% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for OMER is $37, this is above the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Omeros Corporation earned $-2.49 per share in the trailing 12 months and has a P/E ratio of -6.53. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 69.3 and lower compared to the sector’s average of 32.55. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. OMER also has P/S multiple of 16.07. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 49.5x.
The company recorded an interesting insider sale transaction by the VP on Aug 31, 2018. A Securities and Exchanges Commission filings show that Marcia S Kelbon sold a total of 7,529 OMER shares that day for a sum of around $193,872. The filings show that the insider now retains 227,645 shares, currently worth $3,699,231. Omeros Corporation (OMER) insiders have acquired no shares in the stock within the past three months. The total insider sales reported to the SEC in that time frame amounted to shares. In total, individual insiders traded no shares in the business, which makes up 0% of 87,529 shares that were traded over a year. In the past 12 months, insiders have purchased zero shares while the seller parted with 87,529 shares.
OMER‘s last price was down -1.48% as compared to the average trading price of 50 days recorded at $16.49 while enlarging the period to 200 trading days, the average closing price was $18.28. At present, there are 49.55 million in the total number of common shares owned by the public and among those 46.1 million shares have been available to trade. The percentage of shares being held by the company management was 6.04% while institutions stake was 52.7%. The company has generated positive returns on equity over the last 12 months (132.1%). It managed to keep its gross profit margin at 99.1% over the past 12 months.
When assessing the full upside of the OMER stock, there is another set of technicals that should be looked into and considered. Its -8.84% decline from moving average of $17.83 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 3.26 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Omeros Corporation — 4 analysts rate the stock as a buy with another 0 rating it strong buy. There are 1 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $28.2 on shares of Omeros Corporation (NASDAQ:OMER), which corresponds to 73.75% upside potential than its current market price of $16.25 and implies potential despite the recent drop in the price. However, their current target price has fallen from $28.6 a month ago and is down handily from the consensus target of $38.4 a quarter ago.
In the last five years, the EPS of the company has been roughly -13.4%. Though the percentage looks disappointing, extra headwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will decrease annually by 0%. The revenue of the company has risen at an average annualized rate of about 79.6 over the last five years. The company recently recorded an increase of 1271.5%, but this figure is rather attractive.
Let’s briefly check the hedge fund interest towards OMER stock. Advisory Services Network LLC added position in the company after it grew 50% or 2,667 shares of its common stock. The hedge fund now owns 4,000 shares worth $65,000, SEC documents show. Morgan Stanley cut assets in the stock as -768787 shares have been sold, reducing its stake by -112.2% to 93,792 shares which are currently valued at $1,524,120. In addition, Voya Investment Management LLC recently reported that it now owns 18,757 shares making a total of $304,801 based on the recent price. This refelects a change of -5.2% in their ownership.