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Can Outset Medical Inc Bounce Back? 52-Week Performance and Analyst Predictions

Outset Medical Inc’s stock market performance has been somewhat irregular. The 1-year high for the company’s stock was recorded at $6.37 on 12/15/23, with the lowest value being $0.44 on 09/12/24.

52-week price history of OM Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Outset Medical Inc’s current trading price is -91.68% away from its 52-week high, while its distance from the 52-week low is 21.84%. The stock’s price range during this period has fluctuated between $0.44 and $6.37. Shares of the company, which operates in the Healthcare sector, recorded a trading volume of around 0.53 million for the day, which was evidently lower than the average daily volume of 1.84 million over the last three months.

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Financial Performance and Market Capitalization

Outset Medical Inc (OM) has experienced a quarterly decline of -85.71% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 27.61M and boasts a workforce of 480 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 2.1451, with a change in price of -3.2000. Similarly, Outset Medical Inc recorded 1,566,227 in trading volume during the last 100 days, posting a change of -85.79%.

OM Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for OM stands at 2.95. Similarly, the long-term debt-to-equity ratio is also 2.92.

OM Stock Stochastic Average

Outset Medical Inc’s raw stochastic average for the past 50 days is currently at 20.88%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 8.62%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 22.34% and 28.50%, respectively.

OM Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. The index has shown a price loss of -90.20% this year. Over the last six months, there has been a stronger performance of -79.22%. The price of OM leaped by -2.38% during the last 30 days period. For the last 5-days stocks have slided -15.87%.

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