Olema Pharmaceuticals Inc (NASDAQ:OLMA) shares, rose in value, with the stock price up by 1.22% to the previous day’s close as strong demand from buyers drove the stock to $9.95.
Actively observing the price movement in the last trading, the stock closed the session at $9.83. Referring to stock’s 52-week performance, its high was $17.79, and the low was $3.93. On the whole, OLMA has fluctuated by -11.16% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that OLMA’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of OLMA currently trading nearly -6.81% and -17.32% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.01, while the 7-day volatility ratio is showing 5.16% which for the 30-day chart, stands at 6.17%. Furthermore, Olema Pharmaceuticals Inc (OLMA)’s beta value is 2.12, and its average true range (ATR) is 0.70.
A comparison of Olema Pharmaceuticals Inc (OLMA) with its peers suggests the former has fared considerably weaker in the market. OLMA showed an intraday change of 1.22% in last session, and over the past year, it grew by 129.26%%.
Data on historical trading for Olema Pharmaceuticals Inc (NASDAQ:OLMA) indicates that the trading volumes over the past 3 months, they’ve averaged 828.31K. According to company’s latest data on outstanding shares, there are 54.99 million shares outstanding.
Nearly 13.13% of Olema Pharmaceuticals Inc’s shares belong to company insiders and institutional investors own 86.70% of the company’s shares. The stock has fallen by -29.08% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the OLMA stock heading into the next quarter.
