Omeros Corporation (OMER) Performance and Fundamentals Dashboard tells a completely different story

Omeros Corporation (NASDAQ: OMER) stock fell -9.17% on Wednesday to $2.08 against a previous-day closing price of $2.29. With 0.54 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.44 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $2.3150 whereas the lowest price it dropped to was $2.0800. The 52-week range on OMER shows that it touched its highest point at $8.45 and its lowest point at $1.86 during that stretch. It currently has a 1-year price target of $18.67. Beta for the stock currently stands at 1.20.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OMER was down-trending over the past week, with a drop of -24.36%, but this was down by -41.08% over a month. Three-month performance dropped to -47.07% while six-month performance fell -19.38%. The stock lost -72.99% in the past year, while it has lost -67.65% so far this year. A look at the trailing 12-month EPS for OMER yields -3.16 with Next year EPS estimates of -2.27. For the next quarter, that number is -0.59. This implies an EPS growth rate of -1.50% for this year and -19.50% for next year.

Float and Shares Shorts:

At present, 62.73 million OMER shares are outstanding with a float of 60.20 million shares on hand for trading. On Oct 13, 2022, short shares totaled 9.28 million, which was 14.79% higher than short shares on Sep 14, 2022. In addition to Dr. Gregory A. Demopulos M.D. as the firm’s Co-Founder, Chairman, CEO & Pres, Mr. Michael A. Jacobsen serves as its Chief Accounting Officer, VP of Fin. & Treasurer.


Institutional Ownership:

Through their ownership of 37.98% of OMER’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 7.73% of OMER, in contrast to 5.25% held by mutual funds. Shares owned by individuals account for 24.99%. As the largest shareholder in OMER with 6.52% of the stake, Ingalls & Snyder LLC holds 4,091,604 shares worth 4,091,604. A second-largest stockholder of OMER, The Vanguard Group, Inc., holds 2,797,359 shares, controlling over 4.46% of the firm’s shares. D. E. Shaw & Co. LP is the third largest shareholder in OMER, holding 2,010,325 shares or 3.21% stake. With a 2.91% stake in OMER, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 1,822,044 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 1.41% of OMER stock, is the second-largest Mutual Fund holder. It holds 884,350 shares valued at 2.93 million. Fidelity Extended Market Index Fu holds 0.49% of the stake in OMER, owning 309,705 shares worth 1.03 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OMER since 6 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With OMER analysts setting a high price target of $13.00 and a low target of $3.00, the average target price over the next 12 months is $9.33. Based on these targets, OMER could surge 525.0% to reach the target high and rise by 44.23% to reach the target low. Reaching the average price target will result in a growth of 348.56% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. OMER will report FY 2022 earnings on 03/01/2023. Analysts have provided yearly estimates in a range of -$0.88 being high and -$2.32 being low. For OMER, this leads to a yearly average estimate of -$1.73. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Omeros Corporation surprised analysts by $0.28 when it reported -$0.28 EPS against a consensus estimate of -$0.56. The surprise factor in the prior quarter was $0.14. Based on analyst estimates, the high estimate for the next quarter is -$0.54 and the low estimate is -$0.64. The average estimate for the next quarter is thus -$0.59.

Summary of Insider Activity:

Insiders traded OMER stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.

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