How to Buy Outset Medical Stock
Outset Medical Inc
Outset Medical, Inc. , a medical technology company, develops a hemodialysis system for dialysis.
Outset Medical stock last closed at $2.40, up 0.84% from the previous day, and has decreased 86.03% in one year. It has underperformed other stocks in the Medical Devices industry by 0.7 percentage points. Outset Medical stock is currently +25% from its 52-week low of $1.92, and -90.05% from its 52-week high of $24.13.
As of Apr 26, 2024, there are 50.51M OM shares outstanding. The market value of OM is $121.21M. In the last 24 hours, 402,874 OM shares were traded.
How to Buy Outset Medical Stock
Wondering how to invest in Outset Medical stock? Here's how.
- Choose where to buy Outset Medical stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you choose where to buy Outset Medical stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Put funds into your brokerage account: Select your method of payment and add your details.
- Evaluate Outset Medical stock: The Outset Medical ticker symbol is OM. Is Outset Medical stock a good investment? Should you buy shares of OM? How do OM's underlying business fundamentals look? Do top analysts think Outset Medical is a good buy? Why has OM's stock price moved recently? (Hint: Our stock research tools can help you understand if OM is a good stock to buy).
- Place your OM buy order: Decide if you will purchase OM shares at the current market price or use a limit order to buy OM stock at a particular price.
- Get key alerts regarding your OM position: Create a watchlist to keep tabs on your position in Outset Medical stock.
Step 1: Choose where to buy Outset Medical stock
You will need a brokerage account to access the NASDAQ market and buy OM shares.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've chosen your brokerage, it's time to fill out some personal info so you can buy OM stock today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to start a new trading account.
- Submit your data by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have finished signing up on the best stock trading app, you need to deposit funds:
Watch the walkthrough below for more details depositing funds into your investment account.
Step 4: Evaluate Outset Medical stock
Once you have decided on the best place to buy Outset Medical stock, it's absolutely critical to evaluate their stock before you invest, so you actually comprehend the risk and upside.
Outset Medical quick stats
Outset Medical Due Diligence Checks
WallStreetZen was designed to help everyday investors perform more in-depth fundamental analysis.
You can see all of the due diligence checks on OM's stock page.
Is OM stock properly valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge OM's fair value.
Using relative valuations ratios:
- OM may be undervalued based on its P/B ratio of 0.99x, relative to Medical Devices industry P/B ratio of 3.7x
You can access more valuation analysis on OM's stock here.
OM Financial Summary
Positive Financial Indicators:
- There are more short-term assets than long-term liabilities on the OM balance sheet.
- Total OM debt is lower than 5 years ago, relative to shareholder equity.
- OM has cash burn of 134813000. It has sufficient cash and short-term investments to cover this for at least one year.
- There are more short-term assets than short-term liabilities on the OM balance sheet.
Negative Financial Indicators:
- OM has $206.65M in cash and short term investments. This is not enough to cover its annual cash burn of $134.81M.
- OM has a relatively high debt to equity ratio of 1.55.
- OM profit margin has gone up by 0.09 percentage points in the past year, but the company is still unprofitable.
Do Wall Street analysts think it's a good time to buy Outset Medical stock
Out of 3 Wall Street analysts who monitor OM, the consensus analyst rating on OM is a Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are forecasting on the Outset Medical stock forecast page.
OM Trading Indicators
Is OM Growing Revenue?
Last year, OM revenue was $130.38M. During the last five year, OM's revenue has gone up by 130.43% per year. This was faster than the Medical Devices industry average of 13.26%.
You can research OM's earnings and revenue performance here.
Are OM insiders buying or selling the stock?
In the past 12 months, insiders at OM have sold more shares than they have bought.
Marc Nash, SVP Operations and RD of OM, was the latest OM insider to sell. They sold $5,092.83 worth of OM stock on Mar 15, 2024.
Research more about who owns OM stock here.
Does OM stock generate passive income?
No, Outset Medical doesn't provide an income stream by paying out dividends.
OM Social Trading Data
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Place your OM buy order
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly fine. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at an exact price limit, use a limit order.
Press the Open Trade button and your broker will place the order.
If you want more help buying stocks on eToro, watch the helpful video below:
Step 6: Get key alerts regarding your OM position
Now that you own some OM shares, you'll want to keep up with your investment.
Start a watchlist to see the latest developments about your OM stock.
OM Feed
How to Buy Stock in Outset Medical
To reiterate, here are the 6 steps to buy Outset Medical stock:
- Choose where to buy Outset Medical stock
- Create your brokerage account
- Put funds into your brokerage account
- Evaluate Outset Medical stock
- Place your OM buy order
- Get key alerts regarding your OM position
If you require a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in Outset Medical, click below.
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