Outset Medical Inc’s recent filing unveils that its SVP Operations and R&D Nash Marc unloaded Company’s shares for reported $5093.0 on Mar 15 ’24. In the deal valued at $2.13 per share,2,391 shares were sold. As a result of this transaction, Nash Marc now holds 242,510 shares worth roughly $0.5 million.
Then, Ahmed Nabeel sold 1,584 shares, generating $4,990 in total proceeds. Upon selling the shares at $3.15, the Chief Financial Officer now owns 322,877 shares.
Before that, Trigg Leslie sold 5,320 shares. Outset Medical Inc shares valued at $18,992 were divested by the Chair and CEO at a price of $3.57 per share. As a result of the transaction, Trigg Leslie now holds 833,091 shares, worth roughly $1.71 million.
CL King upgraded its Outset Medical Inc [OM] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in mid January from “an Outperform” to “a Sector perform”. BofA Securities also remained covering OM and has decreased its forecast on October 13, 2023 with a “an Underperform” recommendation from previously “Buy” rating. CL King started covering the stock on August 17, 2023. It rated OM as “a Neutral”.
Price Performance Review of OM
On Friday, Outset Medical Inc [NASDAQ:OM] saw its stock jump 5.67% to $2.05. Over the last five days, the stock has lost -7.66%. Outset Medical Inc shares have fallen nearly -62.11% since the year began. Nevertheless, the stocks have fallen -88.67% over the past one year. While a 52-week high of $24.13 was reached on 01/03/24, a 52-week low of $1.94 was recorded on 04/04/24. SMA at 50 days reached $2.85, while 200 days put it at $8.61. A total of 1.11 million shares were traded, compared to the trading of 0.54 million shares in the previous session.
Levels Of Support And Resistance For OM Stock
The 24-hour chart illustrates a support level at 1.94, which if violated will result in even more drops to 1.82. On the upside, there is a resistance level at 2.24. A further resistance level may holdings at 2.42. The Relative Strength Index (RSI) on the 14-day chart is 36.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.00%. Stochastics %K at 17.21% indicates the stock is a buying.
How much short interest is there in Outset Medical Inc?
A steep rise in short interest was recorded in Outset Medical Inc stocks on Mar 15, 2024, growing by 0.5 million shares to a total of 8.52 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 8.02 million shares. There was a rise of 5.87%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 19.84% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.23.
The most recent change occurred on November 11, 2022 when RBC Capital Mkts began covering the stock and recommended ‘”an Outperform”‘ rating along with a $23 price target.
