Omega Flex Stock Today
| OFLX Stock | USD 67.50 0.58 0.87% |
Performance0 of 100
| Odds Of DistressLess than 6
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Omega Flex is trading at 67.50 as of the 24th of April 2024; that is 0.87 percent increase since the beginning of the trading day. The stock's open price was 66.92. Omega Flex has only a 6 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Equity ratings for Omega Flex are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of February 2024 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Capital Goods | IPO Date 1st of August 2005 | Category Industrials |
Omega Flex, Inc., together with its subsidiaries, manufactures and sells flexible metal hoses and accessories in North America and internationally. Omega Flex, Inc. was incorporated in 1975 and is based in Exton, Pennsylvania. Omega Flex operates under Specialty Industrial Machinery classification in the United States and is traded on NASDAQ Exchange. The company has 10.09 M outstanding shares of which 255.49 K shares are now shorted by private and institutional investors with about 34.33 trading days to cover. More on Omega Flex
Omega Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Omega Flex's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Omega Flex or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO Director | Dean Rivest | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Construction Materials (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Industrial Machinery & Supplies & Components, Specialty Industrial Machinery, Industrials, NASDAQ Composite, NASDAQ Composite Total, Construction Materials, Industrials, Machinery, Specialty Industrial Machinery, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Omega Flex report their recommendations after researching Omega Flex's financial statements, talking to executives and customers, or listening in on Omega Flex's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Omega Flex. The Omega consensus assessment is calculated by taking the average forecast from all of the analysts covering Omega Flex. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key measurements obtained from Omega Flex's financial statements, Omega Flex may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Omega Flex is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Omega Flex's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Omega Flex's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Omega Flex's financial leverage. It provides some insight into what part of Omega Flex's total assets is financed by creditors.
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Omega Flex (OFLX) is traded on NASDAQ Exchange in USA. It is located in 451 Creamery Way, Exton, PA, United States, 19341-2509 and employs 168 people. Omega Flex is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 681.37 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Omega Flex's market, we take the total number of its shares issued and multiply it by Omega Flex's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Omega Flex conducts business under Machinery sector and is part of Industrials industry. The entity has 10.09 M outstanding shares of which 255.49 K shares are now shorted by private and institutional investors with about 34.33 trading days to cover.
Omega Flex currently holds about 30.27 M in cash with 23.42 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.0.
Check Omega Flex Probability Of Bankruptcy
Ownership AllocationOmega Flex has a total of 10.09 Million outstanding shares. Omega Flex holds majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company's outstanding shares. 67.08 pct. of Omega Flex outstanding shares that are owned by insiders implies they have been buying or selling the stock in recent months in anticipation of some upcoming event. Also note that almost four hundred three thousand seven hundred seventy-two invesors are currently shorting Omega Flex expressing very little confidence in its future performance.
Check Omega Ownership Details
Omega Stock Price Odds Analysis
Based on a normal probability distribution, the odds of Omega Flex jumping above the current price in 90 days from now is more than 94.0%. The Omega Flex probability density function shows the probability of Omega Flex stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.6146. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Omega Flex will likely underperform. Additionally, omega Flex has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Omega Flex to move above the current price in 90 days from now is more than 94.0 (This Omega Flex probability density function shows the probability of Omega Stock to fall within a particular range of prices over 90 days) .
Omega Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Omega Flex that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Omega Flex's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Omega Flex's value.| Instituion | Recorded On | Shares | |
| Bank Of New York Mellon Corp | 2023-12-31 | 45.8 K | |
| Northern Trust Corp | 2023-12-31 | 39.6 K | |
| Renaissance Technologies Corp | 2023-12-31 | 26.4 K | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 25.5 K | |
| Comerica Bank | 2023-12-31 | 24.9 K | |
| Royal Bank Of Canada | 2023-12-31 | 24.6 K | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 23.8 K | |
| Sei Investments Co | 2023-12-31 | 23.3 K | |
| Townsquare Capital Llc | 2023-12-31 | 22.2 K | |
| Kayne Anderson Rudnick Investment Management Llc | 2023-12-31 | 1.1 M | |
| Neuberger Berman Group Llc | 2023-12-31 | 449.1 K |
Omega Flex Historical Income Statement
Omega Flex Income Statement is one of the three primary financial statements used for reporting Omega's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Omega Flex revenue and expense. Omega Flex Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Omega Flex's Net Income Applicable To Common Shares is fairly stable compared to the past year. Total Other Income Expense Net is likely to rise to about 1.8 M in 2024, whereas Interest Expense is likely to drop slightly above 103.2 K in 2024. View More FundamentalsOmega Stock Against Markets
Picking the right benchmark for Omega Flex stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Omega Flex stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Omega Flex is critical whether you are bullish or bearish towards Omega Flex at a given time. Please also check how Omega Flex's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Omega Flex without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Omega Flex Corporate Directors
Omega Flex corporate directors refer to members of an Omega Flex board of directors. The board of directors generally takes responsibility for the Omega Flex's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Omega Flex's board members must vote for the resolution. The Omega Flex board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Mark Albino | COO, Executive VP, Director, Member of Executive Committee and Director of Omega Flex Limited | Profile | |
| Bruce Klink | Independent Director | Profile | |
| David Evans | Independent Director | Profile | |
| Stewart Reed | Independent Director | Profile |
How to buy Omega Stock?
Before investing in Omega Flex, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Omega Flex. To buy Omega Flex stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Omega Flex. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Omega Flex stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Omega Flex stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Omega Flex stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Omega Flex, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Omega Stock please use our How to Invest in Omega Flex guide.
Already Invested in Omega Flex?
The danger of trading Omega Flex is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Omega Flex is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Omega Flex. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Omega Flex is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Omega Flex offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Omega Flex's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Omega Flex Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Omega Flex Stock: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Omega Flex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Omega Stock please use our How to Invest in Omega Flex guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
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When running Omega Flex's price analysis, check to measure Omega Flex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Omega Flex is operating at the current time. Most of Omega Flex's value examination focuses on studying past and present price action to predict the probability of Omega Flex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Omega Flex's price. Additionally, you may evaluate how the addition of Omega Flex to your portfolios can decrease your overall portfolio volatility.
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Is Omega Flex's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Omega Flex. If investors know Omega will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Omega Flex listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.21) | Dividend Share 1.31 | Earnings Share 2.06 | Revenue Per Share 11.043 | Quarterly Revenue Growth (0.09) |
The market value of Omega Flex is measured differently than its book value, which is the value of Omega that is recorded on the company's balance sheet. Investors also form their own opinion of Omega Flex's value that differs from its market value or its book value, called intrinsic value, which is Omega Flex's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Omega Flex's market value can be influenced by many factors that don't directly affect Omega Flex's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Omega Flex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Omega Flex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Omega Flex's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.