Omnicell Inc. (NASDAQ: OMCL) stock fell -3.06% on Monday to $53.85 against a previous-day closing price of $55.55. With 0.68 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.59 million shares. During the session, the Health Information Services company that operates in wider Healthcare sector, reached to the highest price of $55.30 whereas the lowest price it dropped to was $53.38. The 52-week range on OMCL shows that it touched its highest point at $98.34 and its lowest point at $46.11 during that stretch. It currently has a 1-year price target of $72.00. Beta for the stock currently stands at 0.84.
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 OMCL was down-trending over the past week, with a drop of -1.50%, but this was down by -11.97% over a month. Three-month performance dropped to -24.88% while six-month performance fell -3.15%. The stock lost -43.77% in the past year, while it has gained 6.80% so far this year. A look at the trailing 12-month EPS for OMCL yields -0.53 with Next year EPS estimates of 2.34. For the next quarter, that number is 0.47. This implies an EPS growth rate of -92.40% for this year and 29.62% for next year. EPS is expected to grow by 12.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -14.60%.
Float and Shares Shorts:
At present, 45.12 million OMCL shares are outstanding with a float of 44.51 million shares on hand for trading. On Aug 30, 2023, short shares totaled 2.2 million, which was 4.88% higher than short shares on Jul 30, 2023. In addition to Mr. Randall A. Lipps as the firm’s Founder, Exec. Chairman, Pres & CEO, Mr. Corey J. Manley serves as its Exec. VP and Chief Legal & Admin. Officer.
Through their ownership of 102.83% of OMCL’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 60.03% of OMCL, in contrast to 5.52% held by mutual funds. Shares owned by individuals account for 42.88%. As the largest shareholder in OMCL with 10.97% of the stake, BlackRock Fund Advisors holds 4,960,173 shares worth 4,960,173. A second-largest stockholder of OMCL, The Vanguard Group, Inc., holds 4,532,732 shares, controlling over 10.03% of the firm’s shares. Wellington Management Co. LLP is the third largest shareholder in OMCL, holding 3,829,358 shares or 8.47% stake. With a 4.39% stake in OMCL, the Vanguard Explorer Fund is the largest stakeholder. A total of 1,982,461 shares are owned by the mutual fund manager. The iShares Core S&P Mid Cap ETF, which owns about 3.22% of OMCL stock, is the second-largest Mutual Fund holder. It holds 1,454,020 shares valued at 82.68 million. Vanguard Total Stock Market ETF holds 3.09% of the stake in OMCL, owning 1,395,819 shares worth 79.37 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, OMCL reported revenue of $331.39M and operating income of $12.48M. The EBITDA in the recently reported quarter was $37.87M and diluted EPS was $0.20.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OMCL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With OMCL analysts setting a high price target of $88.00 and a low target of $56.00, the average target price over the next 12 months is $73.43. Based on these targets, OMCL could surge 63.42% to reach the target high and rise by 3.99% to reach the target low. Reaching the average price target will result in a growth of 36.36% 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.
Summary of Insider Activity:
Insiders traded OMCL stock several times over the past three months with 4 Buys and 1 Sells. In these transactions, 6,132 shares were bought while 322 shares were sold. The number of buy transactions has increased to 24 while that of sell transactions has risen to 26 over the past year. The total number of shares bought during that period was 164,370 while 60,435 shares were sold.