Owens & Minor, Inc. (OMI) is an interesting player in the Services space, with a focus on Medical Equipment Wholesale. The stock has been active on the tape, currently trading at $14.94, down from yesterday’s close by -4.84%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.Fundamental Analysis
Owens & Minor, Inc. (OMI) currently trades with a market capitalization of $934.50 Million. That value represents a market adjusting for revenues that have been falling by -3.38 % on a quarterly year/year basis as of the company’s last quarterly report.
You can get a sense of how sustainable that is by a levered free cash flow of $17.16 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.36 on a per share basis this quarter. Perhaps, that suggests something about why 3.17% of the outstanding share supply is held by institutional investors.
It’s important to check the technicals to get a sense of how OMI has been acting. Looking at the stock’s movement on the chart, Owens & Minor, Inc. recorded a 52-week high of $36.73. It is now trading 21.79% off that level. The stock is trading $19.37 its 50-day moving average by 4.43%. The stock carved out a 52-week low down at $15.01.
In recent action, Owens & Minor, Inc. (OMI) has made a move of -31.02% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 13.62, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 16.76% with $60.25 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of OMI.