With 0.53 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.09 million shares. The 52-week range on OM shows that it touched its highest point at $5.22 and its lowest point at $0.44 during that stretch. It currently has a 1-year price target of $3.75. Beta for the stock currently stands at 2.04.
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 OM was down-trending over the past week, with a drop of -8.07%, but this was down by -28.38% over a month. Three-month performance dropped to -51.25% while six-month performance rose 18.61%. The stock lost -80.00% in the past year, while it has lost -47.74% so far this year. A look at the trailing 12-month EPS for OM yields -2.49 with Next year EPS estimates of -0.86. For the next quarter, that number is -0.31. This implies an EPS growth rate of 42.57% for this year and 16.73% for next year. EPS is expected to grow by 29.58% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -4.06%.
Float and Shares Shorts:
At present, 52.94 million OM shares are outstanding with a float of 51.48 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OM since 8 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$1.96929 being high and -$2.03905 being low. For OM, this leads to a yearly average estimate of -$1.99884. Based on analyst estimates, the high estimate for the next quarter is -$0.04 and the low estimate is -$0.33. The average estimate for the next quarter is thus -$0.19.
