With 1.08 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.48 million shares. The 52-week range on OMI shows that it touched its highest point at $17.78 and its lowest point at $6.07 during that stretch. It currently has a 1-year price target of $9.25. Beta for the stock currently stands at 1.31.
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 1.52%, but this was down by -10.92% over a month. Three-month performance dropped to -31.10% while six-month performance fell -49.74%. The stock lost -61.22% in the past year, while it has lost -48.81% so far this year. A look at the trailing 12-month EPS for OMI yields -4.74 with Next year EPS estimates of 1.96. For the next quarter, that number is 0.29. This implies an EPS growth rate of 7.39% for this year and 19.16% for next year. EPS is expected to grow by 16.38% 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, 77.22 million OMI shares are outstanding with a float of 73.56 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.