Olema Pharmaceuticals Inc (NASDAQ:OLMA) price on Thursday, May 30, fall -2.07% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $9.45.
A look at the stock’s price movement, the level at last check in today’s session was $9.65. Turning to its 52-week performance, $17.79 and $5.02 were the 52-week high and 52-week low respectively. Overall, OLMA moved -7.08% over the past month.
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Olema Pharmaceuticals Inc’s market cap currently stands at around $528.54 million.
Turning to the stock’s technical picture we see that short term indicators suggest on average that OLMA is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
OLMA’s current price about -3.97% and -9.09% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.04, while 7-day volatility ratio is 6.05% and 7.79% in the 30-day chart. Further, Olema Pharmaceuticals Inc (OLMA) has a beta value of 2.06, and an average true range (ATR) of 0.67.
If we refocus on Olema Pharmaceuticals Inc (NASDAQ:OLMA), historical trading data shows that trading volumes averaged 850.99K over the past 3 months. The company’s latest data on shares outstanding shows there are 54.99 million shares.
The 13.08% of Olema Pharmaceuticals Inc’s shares are in the hands of company insiders while institutional holders own 92.80% of the company’s shares. Current price change has pushed the stock -32.64% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the OLMA stock continues to rise going into the next quarter.
