Omnicell, Inc (NASDAQ:OMCL) price on Friday, February 07, rose 1.85% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $40.16.
A look at the stock’s price movement, the close in the last trading session was $39.43, moving within a range at $38.4 and $40.86. The beta value (5-Year monthly) was 0.815 while the PE ratio in trailing twelve months stood at 153.11. Turning to its 52-week performance, $55.74 and $25.12 were the 52-week high and 52-week low respectively. Overall, OMCL moved -7.40% over the past month.
Omnicell, Inc’s market cap currently stands at around $1.86 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 261.47M for the company’s revenue for the quarter, with a low and high estimate of 258.25M and 266.77M respectively. The average forecast suggests up to a 6.23% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.14B, representing a 2.56% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that OMCL is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 3 recommend OMCL as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 19.11, with OMCL’s current price about -6.88% and -9.70% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.20, while 7-day volatility ratio is 8.56% and 3.84% in the 30-day chart. Further, Omnicell, Inc (OMCL) has a beta value of 0.83, and an average true range (ATR) of 1.99. Analysts have given the company’s stock an average 52-week price target of $49, forecast between a low of $40 and high of $58. Looking at the price targets, the low is 0.4% off current price level while to achieve the yearly target high, price needs to move -44.42%. Nonetheless, investors will most likely welcome a -22.01% jump to $49 which is the analysts’ median price.
If we refocus on Omnicell, Inc (NASDAQ:OMCL), historical trading data shows that trading volumes averaged 0.42 over the past 10 days and 513.23K over the past 3 months. The company’s latest data on shares outstanding shows there are 46.32 million shares.
The 2.38% of Omnicell, Inc’s shares are in the hands of company insiders while institutional holders own 98.42% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.0 million on 2025-01-15, giving us a short ratio of 3.97. The data shows that as of 2025-01-15 short interest in Omnicell, Inc (OMCL) stood at 622.0 of shares outstanding, with shares short falling to 2.09 million registered in 2024-12-13. Current price change has pushed the stock -9.79% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the OMCL stock continues to rise going into the next quarter.
