Omnicell, Inc (NASDAQ:OMCL) shares, rose in value on Friday, November 01, with the stock price up by 0.06% to the previous day’s close as strong demand from buyers drove the stock to $48.67.
Actively observing the price movement in the last trading, the stock closed the session at $48.64, falling within a range of $47.78 and $49.67. The value of beta (5-year monthly) was 0.831. Referring to stock’s 52-week performance, its high was $55.74, and the low was $25.12. On the whole, OMCL has fluctuated by 17.25% over the past month.
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With the market capitalization of Omnicell, Inc currently standing at about $2.24 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-06.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.1B, with a low estimate of 286M and a high estimate of 301.05M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 297.88M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that OMCL’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of OMCL currently trading nearly 13.94% and 12.29% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.39, while the 7-day volatility ratio is showing 8.72% which for the 30-day chart, stands at 3.88%. Furthermore, Omnicell, Inc (OMCL)’s beta value is 0.81, and its average true range (ATR) is 2.39.
A comparison of Omnicell, Inc (OMCL) with its peers suggests the former has fared considerably weaker in the market. OMCL showed an intraday change of 0.06% in last session, and over the past year, it grew by 36.06%%.
Data on historical trading for Omnicell, Inc (NASDAQ:OMCL) indicates that the trading volumes over the past 10 days have averaged 0.67 and over the past 3 months, they’ve averaged 559.75K. According to company’s latest data on outstanding shares, there are 45.54 million shares outstanding.
Nearly 2.44% of Omnicell, Inc’s shares belong to company insiders and institutional investors own 100.30% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.78 million shares as on 2024-10-15, resulting in a short ratio of 3.51. According to the data, the short interest in Omnicell, Inc (OMCL) stood at 558.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 2.28 million. The stock has risen by 29.34% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the OMCL stock heading into the next quarter.
