OMER Stock Summary and Trading Ideas (Omeros | NASDAQ:OMER)

Omeros Corp is a United States-based clinical-stage biopharmaceutical company engaged in discovering, developing, and commercializing small-molecule and protein therapeutics for large-market as well as orphan indications targeting immunologic disorders including complement-mediated diseases, cancers, and addictive and compulsive disorders. The lead drug candidate in the pipeline of complement-targeted therapeutics is narsoplimab (OMS721), a proprietary, patented human monoclonal antibody targeting mannan-binding lectin-associated serine protease 2, the key activator of the lectin pathway of complement. Clinical development of narsoplimab is currently focused on hematopoietic stem cell transplant-associated thrombotic microangiopathy and immunoglobulin nephropathy.

Omeros trades on the NASDAQ stock market under the symbol OMER.

As of April 16, 2024, OMER stock price declined to $3.36 with 86,157 million shares trading.

OMER has a beta of 3.85, meaning it tends to be more sensitive to market movements. OMER has a correlation of 0.15 to the broad based SPY ETF.

OMER has a market cap of $194.69 million. This is considered a Micro Cap stock.

In the last 3 years, OMER stock traded as high as $19.39 and as low as $.92.

The top ETF exchange traded funds that OMER belongs to (by Net Assets): VTI, IWM, VXF, IWN, SCHA.

OMER has underperformed the market in the last year with a return of -47.1%, while the SPY ETF gained +23.8%. In the last 3 month period, OMER fell short of the market, returning -4.8%, while SPY returned +6.0%. However, in the most recent 2 weeks OMER has outperformed the stock market by returning +5.3%, while SPY returned -3.5%.

OMER support price is $3.19 and resistance is $3.57 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OMER stock will trade within this expected range on the day.