Omnicell, Inc. (OMCL) Stock: Seeing Declines In Today’s Session

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Omnicell, Inc. (OMCL) is headed up in the market in today’s trading session. The company, focused on the technology industry, is currently trading at $71.67 after falling -7.89% so far in today’s session. In terms of tech stocks, there are a number of factors that have the ability to lead to declines in the market. News is one of the most common reasons for movement. Here are the most recent trending headlines relating to OMCL:

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Apr-16-19 09:13AM Heres why Omnicell, Inc.s (NASDAQ:OMCL) Returns On Capital Matters So Much
Apr-08-19 08:00AM Omnicell Showcasing Medication Management Automation Portfolio at the American Organization of Nurse Executives 2019 Conference
Mar-26-19 08:00AM Omnicell Highlighting Importance of Fully Digitized, Autonomous Pharmacy Vision at European Association of Hospital Pharmacists Congress 2019
Mar-24-19 09:33AM Heres What Omnicell, Inc.s (NASDAQ:OMCL) P/E Is Telling Us
Mar-18-19 11:14AM Omnicell’s Global Expansion on Track, Stiff Competition Ails

Nonetheless, when making a decision to invest, investors should look at far more than just news, this is especially the case in the ever evolving tech space. Here’s what’s happening in regard to Omnicell, Inc..

Performance Trends That We’ve Seen From OMCL

Although a move down in a single session, like the fall that we’re seeing from Omnicell, Inc. may cause fear in some investors, a single session fall alone shouldn’t be the basis of a decision to, or not to, invest in a stock. It is always smart to take a look at trends experienced by the stock further out than a single session. When it comes to OMCL, below are the movements that we’ve seen:

  • Weekly – Throughout the last 7 days, OMCL has produced a change in value amounting to -12.62%.
  • Past 30 Days – The monthly ROI from Omnicell, Inc. comes to -15.13%.
  • Quarterly – In the last quarter, the company has generated a ROI of 8.08%
  • Past 6 Months – In the past six months, we’ve seen a change that equates to 10.72% from the stock.
  • YTD – Since the open of this year OMCL has produced a return of 17.03%.
  • Full Year – Finally, in the last year, investors have seen performance of 61.60% out of OMCL. Over this period of time, the stock has traded at a high price of -17.50% and a low of 70.62%.

Ratios Of Note

Looking at various ratios having to do with a stock generally gives prospective traders an understanding of just how risky and/or potentially profitable a stock pick might be. Below are a few of the key ratios to think about when looking at OMCL.

Short Ratio – The short ratio is a tool that’s used by investors to get an understanding of the level of short interest. As the ratio heads up, it means that more investors have a belief that the price of the stock is headed for declines. Across the sector, strong technology stocks tend to have a lower short ratio. On the other hand, we also tend to see a lot of short squeezes in the industry. Nonetheless, when it comes to Omnicell, Inc., the stock’s short ratio clocks in at 4.25.

Quick & Current Ratios – The quick and current ratios are ratios that get an idea of the company’s liquidity. Basically, they measure If a company is able to pay for its debts when they mature with only current assets or quick assets. In the technology industry, many companies are heavily reliant on the continuation of support from investors as they work to bring new technologies to market, the current and quick ratios can seem bad. However, several better companies in the technology industry come with great quick and current ratios. When it comes to OMCL, the quick and current ratios total up to 1.40 and 1.90 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the current book value of assets owned by the company. as it relates to Omnicell, Inc., the book to share value ratio is 17.02.

Cash To Share Value – Finally, the cash to share value comparison compares the total amount of cash the company has on hand to the value of shares. In terms of OMCL, the cash to share value works out to 1.65.

Investors Tend To Follow The Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in OMCL, here’s what we’re seeing:

  • Institutions – As it stands now, institutions own 96.90% of the company. On the other hand, it is worth considering that institutional ownership has changed in the amount of 0.01% over the past quarter.
  • Insider Moves – As far as insiders go, those close to the company currently hold 2.40% of Omnicell, Inc.. Insider ownership of the company has changed in the amount of -13.78% over the past 3 months.

How Analysts Feel About Omnicell, Inc.

While it’s rarely a smart idea to avoid doing your DD and blindly following the thoughts of analysts, it is a good idea to consider their analysis when validating your own due diligence when it comes to making an investment decision in the technology industry. Below you’ll find the most recent moves that we’ve seen from analysts with regard to OMCL.

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Mar-07-19 Reiterated Dougherty & Company Buy $78 → $90
Jun-29-18 Resumed The Benchmark Company Buy $63
Sep-05-17 Reiterated The Benchmark Company Buy $55 → $67
Jul-28-17 Reiterated Dougherty & Company Buy $45 → $49
Apr-21-17 Downgrade Piper Jaffray Overweight → Neutral

Earnings

What have ween seen from OMCL in terms of financial results?Here’s what we’ve seen:

  • Analyst Expectations – As it stands, Wall Street analysts are expecting that the company will come up with earnings per diluted share in the amount of 2.84, with 0.41 to be announced in the earnings report for the current quarter. Although this data isn’t associated with earnings, because we’re chatting on the topic of Wall Street analysts, OMCL is currently graded as a 0 considering a scale that ranges from 1 to 5 where 1 is the worst possible Wall Street analyst grade and 5 is the best.
  • 5-Year Sales – Over the past half decade, Omnicell, Inc. has created a change in revenue that works out to 15.60%. Earnings per diluted share in the last half decade have experienced movement in the amount of 6.80%.
  • Quarter Over Quarter – when it comes to quarter over quarter data, or Q/Q data as it is often represented in the human world, OMCL has generated a change in earnings that comes to a total of 36.70%. OMCL has also experienced a change in terms of sales volume that adds up to 7.80%.

How Many Shares Of OMCL Are Available?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 40.80M shares of Omnicell, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, OMCL has a float of 40.35M.

I also like to pay attention to the short percentage of the float. After all, if a large portion of the float is shorted, the overall opinion in the market is that the company is headed for a deep dive. In regard to OMCL, the percentage of the float that is currently being sold short sits at 3.53%. Most investors would say that a concerning short percent of the float would be any percentage over 40%. Nonetheless, I’ve found that any short ratio over 26% is likely a play that comes with hefty risk.

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