Owens Minor Stock Today

OMI Stock  USD 27.71  0.24  0.86%   

Performance

21 of 100

 
Low
 
High
Solid

Odds Of Distress

Less than 18

 
100  
 
Zero
Low
Owens Minor is trading at 27.71 as of the 28th of March 2024. This is a -0.86 percent decrease since the beginning of the trading day. The stock's open price was 27.95. Owens Minor has less than a 18 % chance of experiencing some financial distress in the next two years of operation and had a solid performance during the last 90 days. Equity ratings for Owens Minor are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of December 2023 and ending today, the 28th of March 2024. Click here to learn more.
Owens Minor, Inc., together with its subsidiaries, operates as a healthcare solutions company in the United States and internationally. The company was founded in 1882 and is headquartered in Richmond, Virginia. Owens Minor operates under Medical Distribution classification in the United States and is traded on New York Stock Exchange. The company has 76.6 M outstanding shares of which 6.01 M shares are now shorted by investors with about 8.08 days to cover. More on Owens Minor

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Owens 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. Owens Minor's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Owens Minor or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOEdward Pesicka
Thematic IdeaWholesale (View all Themes)
Old NameOrosur Mining Inc
Business ConcentrationWholesale, Medical Distribution, Healthcare, NYSE Composite, Health Care, Health Care Providers & Services, Medical Distribution, Healthcare (View all Sectors)
Owens Minor (OMI) is traded on New York Stock Exchange in USA. It is located in 9120 Lockwood Boulevard, Mechanicsville, VA, United States, 23116 and employs 22,200 people. Owens Minor is listed under Wholesale category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 2.14 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Owens Minor's market, we take the total number of its shares issued and multiply it by Owens Minor'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. Owens Minor runs under Health Care Providers & Services sector within Health Care industry. The entity has 76.6 M outstanding shares of which 6.01 M shares are now shorted by investors with about 8.08 days to cover. Owens Minor has about 69.47 M in cash with 740.71 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.74.
Check Owens Minor Probability Of Bankruptcy
Ownership Allocation
Owens Minor has a total of 76.6 Million outstanding shares. The majority of Owens Minor outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Owens Minor to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Owens Minor. Please pay attention to any change in the institutional holdings of Owens Minor 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 Owens Ownership Details

Owens Stock Price Odds Analysis

Coming from a normal probability distribution, the odds of Owens Minor jumping above the current price in 90 days from now is roughly 2.53%. The Owens Minor probability density function shows the probability of Owens Minor stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.8386. 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, Owens Minor will likely underperform. Additionally, owens Minor has an alpha of 0.3714, implying that it can generate a 0.37 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 27.71HorizonTargetOdds Above 27.71
97.45%90 days
 27.71 
2.53%
Based on a normal probability distribution, the odds of Owens Minor to move above the current price in 90 days from now is roughly 2.53 (This Owens Minor probability density function shows the probability of Owens Stock to fall within a particular range of prices over 90 days) .

Owens Minor Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Owens Minor market risk premium is the additional return an investor will receive from holding Owens Minor long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Owens Minor. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Owens Minor's alpha and beta are two of the key measurements used to evaluate Owens Minor's performance over the market, the standard measures of volatility play an important role as well.

Owens Stock Against Markets

Picking the right benchmark for Owens Minor 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 Owens Minor 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 Owens Minor is critical whether you are bullish or bearish towards Owens Minor at a given time. Please also check how Owens Minor'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 Owens Minor 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.

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Owens Minor Corporate Directors

Owens Minor corporate directors refer to members of an Owens Minor board of directors. The board of directors generally takes responsibility for the Owens Minor's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Owens Minor's board members must vote for the resolution. The Owens Minor board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Lemuel LewisIndependent DirectorProfile
Michael RiordanIndependent DirectorProfile
Truitt AllcottOther, Director, Media RelationsProfile
Gwendolyn BinghamIndependent DirectorProfile

How to buy Owens Stock?

Before investing in Owens Minor, 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 Owens Minor. To buy Owens Minor stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Owens Minor. 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 Owens Minor stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Owens Minor 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 Owens Minor 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 Owens Minor, 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 Owens Stock please use our How to Invest in Owens Minor guide.

Already Invested in Owens Minor?

The danger of trading Owens Minor 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 Owens Minor 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 Owens Minor. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Owens Minor 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 Owens Minor offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Owens Minor's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Owens Minor Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Owens Minor Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Owens Minor. 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.
For more detail on how to invest in Owens Stock please use our How to Invest in Owens Minor guide.
You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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When running Owens Minor's price analysis, check to measure Owens Minor'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 Owens Minor is operating at the current time. Most of Owens Minor's value examination focuses on studying past and present price action to predict the probability of Owens Minor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Owens Minor's price. Additionally, you may evaluate how the addition of Owens Minor to your portfolios can decrease your overall portfolio volatility.
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Is Owens Minor'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 Owens Minor. If investors know Owens 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 Owens Minor listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Owens Minor is measured differently than its book value, which is the value of Owens that is recorded on the company's balance sheet. Investors also form their own opinion of Owens Minor's value that differs from its market value or its book value, called intrinsic value, which is Owens Minor'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 Owens Minor's market value can be influenced by many factors that don't directly affect Owens Minor'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 Owens Minor's value and its price as these two are different measures arrived at by different means. Investors typically determine if Owens Minor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Owens Minor'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.