With 2.24 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.92 million shares. The 52-week range on OMI shows that it touched its highest point at $28.35 and its lowest point at $6.30 during that stretch. It currently has a 1-year price target of $12.83. Beta for the stock currently stands at 0.55.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OMI was down-trending over the past week, with a drop of -19.64%, but this was down by -58.11% over a month. Three-month performance dropped to -49.27% while six-month performance fell -60.20%. The stock lost -71.12% in the past year, while it has lost -52.41% so far this year. A look at the trailing 12-month EPS for OMI yields -0.64 with Next year EPS estimates of 1.83. For the next quarter, that number is 0.52. This implies an EPS growth rate of 9.98% for this year and 22.05% for next year. EPS is expected to grow by 16.76% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 40.46%.
Float and Shares Shorts:
At present, 77.06 million OMI shares are outstanding with a float of 70.18 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OMI since 4 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.5057 being high and $1.47598 being low. For OMI, this leads to a yearly average estimate of $1.49579. Based on analyst estimates, the high estimate for the next quarter is $0.34 and the low estimate is $0.23. The average estimate for the next quarter is thus $0.28.
