OMI Stock Summary and Trading Ideas (Owens & Minor | NYSE:OMI)

Owens & Minor Inc distributes consumable medical supplies to a variety of providers. The business is under two segments: Products & Healthcare Services and Patient Direct. The Products & Healthcare Services segment manufactures and sources medical surgical products through its production and kitting operations and provides medical supplies and solutions for the prevention of healthcare-associated infections across the acute and alternate site channels. The Patient Direct segment provides delivery of disposable medical supplies sold directly to patients and home health agencies. Majority of the revenue is generated from Products & Healthcare Services segment.

Owens & Minor trades on the NYSE stock market under the symbol OMI.

As of April 18, 2024, OMI stock price climbed to $24.06 with 492,145 million shares trading.

OMI has a beta of 2.56, meaning it tends to be more sensitive to market movements. OMI has a correlation of 0.25 to the broad based SPY ETF.

OMI has a market cap of $1.84 billion. This is considered a Small Cap stock.

Last quarter Owens & Minor reported $3 billion in Revenue and $.69 earnings per share. This fell short of revenue expectation by $-4 million and exceeded earnings estimates by $.03.

In the last 3 years, OMI stock traded as high as $49.16 and as low as $11.79.

The top ETF exchange traded funds that OMI belongs to (by Net Assets): CALF, IJR, VTI, VB, IWM.

OMI has outperformed the market in the last year with a return of +67.9%, while the SPY ETF gained +22.2%. In the last 3 month period, OMI beat the market returning +28.6%, while SPY returned +5.2%. However, in the most recent 2 weeks OMI has underperformed the stock market by returning -9.9%, while SPY returned -2.6%.

OMI support price is $23.36 and resistance is $24.58 (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 OMI stock will trade within this expected range on the day.