Outset Medicalinc Stock Today
| OM Stock | USD 2.34 0.02 0.86% |
Performance0 of 100
| Odds Of DistressOver 82
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Outset MedicalInc is selling at 2.34 as of the 23rd of April 2024; that is 0.86 percent up since the beginning of the trading day. The stock's lowest day price was 2.28. Outset MedicalInc has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Equity ratings for Outset MedicalInc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of March 2024 and ending today, the 23rd of April 2024. Click here to learn more.
Business Domain Health Care Equipment & Services | IPO Date 15th of September 2020 | Category Healthcare | Classification Health Care |
Outset Medical, Inc., a medical technology company, develops a hemodialysis system for dialysis. Outset Medical, Inc. was incorporated in 2003 and is headquartered in San Jose, California. Outset Medical operates under Medical Devices classification in the United States and is traded on NASDAQ Exchange. The company has 51.7 M outstanding shares of which 8.36 M shares are now sold short in the market by investors with about 7.11 days to cover all shorted shares. More on Outset MedicalInc
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Follow Valuation Options Odds of Bankruptcy
Financial Report 1st of May 2024
Outset 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. Outset MedicalInc's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Outset MedicalInc or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO President | Leslie Trigg | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Medical Equipment (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Health Care Equipment & Supplies, Health Care Equipment & Services, Health Care, NASDAQ Composite, NASDAQ Health Care, Medical Equipment, Health Care, Health Care Equipment & Supplies, Medical Devices, Healthcare (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Outset MedicalInc report their recommendations after researching Outset MedicalInc's financial statements, talking to executives and customers, or listening in on Outset MedicalInc's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Outset MedicalInc. The Outset consensus assessment is calculated by taking the average forecast from all of the analysts covering Outset MedicalInc. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the measurements of operating efficiency obtained from Outset MedicalInc's historical financial statements, Outset MedicalInc is not in a good financial situation at this time. It has a very high probability of going through financial hardship in May. Financial strength of Outset MedicalInc is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Outset MedicalInc's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Outset MedicalInc'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 Outset MedicalInc's financial leverage. It provides some insight into what part of Outset MedicalInc's total assets is financed by creditors.
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Outset MedicalInc (OM) is traded on NASDAQ Exchange in USA. It is located in 3052 Orchard Drive, San Jose, CA, United States, 95134 and employs 480 people. Outset MedicalInc is listed under Health Care Equipment & Supplies category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a market capitalization of 120.98 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Outset MedicalInc's market, we take the total number of its shares issued and multiply it by Outset MedicalInc'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. Outset MedicalInc is active under Health Care Equipment & Supplies sector as part of Health Care industry. The entity has 51.7 M outstanding shares of which 8.36 M shares are now sold short in the market by investors with about 7.11 days to cover all shorted shares.
Outset MedicalInc reports about 227.52 M in cash with (131.37 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.71, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Outset MedicalInc Probability Of Bankruptcy
Ownership AllocationOutset MedicalInc has a total of 51.7 Million outstanding shares. The majority of Outset MedicalInc outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Outset MedicalInc to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Outset MedicalInc. Please pay attention to any change in the institutional holdings of Outset MedicalInc as this could imply that something significant has changed or is about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Outset Ownership Details
Outset Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Outset MedicalInc jumping above the current price in 90 days from now is about 77.95%. The Outset MedicalInc probability density function shows the probability of Outset MedicalInc stock to fall within a particular range of prices over 90 days. Allowing for the 90-day total investment horizon the stock has a beta coefficient of 4.1084. 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, Outset MedicalInc will likely underperform. Additionally, outset MedicalInc 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 Outset MedicalInc to move above the current price in 90 days from now is about 77.95 (This Outset MedicalInc probability density function shows the probability of Outset Stock to fall within a particular range of prices over 90 days) .
Outset Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Outset MedicalInc that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Outset MedicalInc'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 Outset MedicalInc's value.| Instituion | Recorded On | Shares | |
| State Street Corporation | 2023-12-31 | 1 M | |
| Assenagon Asset Management Sa | 2023-12-31 | 1 M | |
| Cam Group Holding A/s | 2023-12-31 | 1000 K | |
| Bank Of New York Mellon Corp | 2023-12-31 | 826.2 K | |
| Millennium Management Llc | 2023-12-31 | 809.6 K | |
| Massachusetts Financial Services Company | 2023-12-31 | 707.6 K | |
| Fiera Capital Corporation | 2023-12-31 | 549 K | |
| Gsa Capital Partners Llp | 2023-12-31 | 514.3 K | |
| Goldman Sachs Group Inc | 2023-12-31 | 475.6 K | |
| Fmr Inc | 2023-12-31 | 7.1 M | |
| Jpmorgan Chase & Co | 2023-12-31 | 5 M |
Outset MedicalInc Historical Income Statement
Outset MedicalInc Income Statement is one of the three primary financial statements used for reporting Outset's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Outset MedicalInc revenue and expense. Outset MedicalInc Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Outset MedicalInc's Tax Provision is very stable compared to the past year. As of the 23rd of April 2024, Interest Income is likely to grow to about 10.7 M, while Depreciation And Amortization is likely to drop about 3.3 M. View More FundamentalsOutset Stock Against Markets
Picking the right benchmark for Outset MedicalInc 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 Outset MedicalInc 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 Outset MedicalInc is critical whether you are bullish or bearish towards Outset MedicalInc at a given time. Please also check how Outset MedicalInc'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 Outset MedicalInc 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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Analyst AdviceAnalyst recommendations and target price estimates broken down by several categories |
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Outset MedicalInc Corporate Management
Elected by the shareholders, the Outset MedicalInc's board of directors comprises two types of representatives: Outset MedicalInc inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Outset. The board's role is to monitor Outset MedicalInc's management team and ensure that shareholders' interests are well served. Outset MedicalInc's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Outset MedicalInc's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Stacey Porter | Chief Officer | Profile | |
| Mark MS | Chief Officer | Profile | |
| Steven Williamson | Chief Officer | Profile | |
| Marc Nash | Senior RD | Profile | |
| Martin Vazquez | Chief Officer | Profile | |
| John Brottem | General Secretary | Profile |
How to buy Outset Stock?
Before investing in Outset MedicalInc, 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 Outset MedicalInc. To buy Outset MedicalInc stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Outset MedicalInc. 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 Outset MedicalInc stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Outset MedicalInc 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 Outset MedicalInc 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 Outset MedicalInc, 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 Outset Stock please use our How to Invest in Outset MedicalInc guide.
Already Invested in Outset MedicalInc?
The danger of trading Outset MedicalInc 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 Outset MedicalInc 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 Outset MedicalInc. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Outset MedicalInc 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 Outset MedicalInc is a strong investment it is important to analyze Outset MedicalInc's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Outset MedicalInc's future performance. For an informed investment choice regarding Outset Stock, refer to the following important reports: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Outset MedicalInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. To learn how to invest in Outset Stock, please use our How to Invest in Outset MedicalInc guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Outset Stock analysis
When running Outset MedicalInc's price analysis, check to measure Outset MedicalInc'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 Outset MedicalInc is operating at the current time. Most of Outset MedicalInc's value examination focuses on studying past and present price action to predict the probability of Outset MedicalInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Outset MedicalInc's price. Additionally, you may evaluate how the addition of Outset MedicalInc to your portfolios can decrease your overall portfolio volatility.
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Is Outset MedicalInc'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 Outset MedicalInc. If investors know Outset 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 Outset MedicalInc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.48) | Revenue Per Share 2.629 | Quarterly Revenue Growth (0.05) | Return On Assets (0.30) | Return On Equity (0.94) |
The market value of Outset MedicalInc is measured differently than its book value, which is the value of Outset that is recorded on the company's balance sheet. Investors also form their own opinion of Outset MedicalInc's value that differs from its market value or its book value, called intrinsic value, which is Outset MedicalInc'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 Outset MedicalInc's market value can be influenced by many factors that don't directly affect Outset MedicalInc'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 Outset MedicalInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Outset MedicalInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Outset MedicalInc'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.