With 1.44 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.43 million shares. The 52-week range on OMI shows that it touched its highest point at $28.35 and its lowest point at $6.07 during that stretch. It currently has a 1-year price target of $11.10. Beta for the stock currently stands at 0.99.
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 up-trending over the past week, with a rise of 4.38%, but this was up by 12.36% over a month. Three-month performance dropped to -30.26% while six-month performance fell -37.26%. The stock lost -59.38% in the past year, while it has lost -23.49% so far this year. A look at the trailing 12-month EPS for OMI yields -4.71 with Next year EPS estimates of 2.06. For the next quarter, that number is 0.20. This implies an EPS growth rate of 12.70% for this year and 19.23% for next year. EPS is expected to grow by 16.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -35.63%.
Float and Shares Shorts:
At present, 77.20 million OMI shares are outstanding with a float of 69.23 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 $0.4 and the low estimate is $0.29. The average estimate for the next quarter is thus $0.35.
