With 1.84 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.9 million shares. The 52-week range on OLMA shows that it touched its highest point at $16.62 and its lowest point at $2.86 during that stretch. It currently has a 1-year price target of $24.71. Beta for the stock currently stands at 2.01.
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 OLMA was down-trending over the past week, with a drop of -21.36%, but this was down by -27.94% over a month. Three-month performance dropped to -3.57% while six-month performance fell -59.98%. The stock lost -57.90% in the past year, while it has lost -30.53% so far this year. A look at the trailing 12-month EPS for OLMA yields -1.95 with Next year EPS estimates of -2.18. For the next quarter, that number is -0.43. This implies an EPS growth rate of 12.18% for this year and -12.97% for next year. EPS is expected to grow by 6.25% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -83.00%.
Float and Shares Shorts:
At present, 68.33 million OLMA shares are outstanding with a float of 52.12 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 OLMA since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 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 -$2.20166 being high and -$2.3695 being low. For OLMA, this leads to a yearly average estimate of -$2.30039. Based on analyst estimates, the high estimate for the next quarter is -$0.39 and the low estimate is -$0.82. The average estimate for the next quarter is thus -$0.5.
