Stocks in Analyst’s Viewfinder: Omeros Corporation (NASDAQ:OMER) & Abraxas Petroleum Corporation (NASDAQ:AXAS)

Brokerage firms currently have a positive stance on shares of Omeros Corporation (NASDAQ:OMER). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 1.80. Those same analysts are projecting that the stock will reach $36.40 on a short term basis.

Omeros Corporation (NASDAQ:OMER) shares typically trade an average volume of 1008.82 and institutions hold 46.70% of the total shares.  

MOVING AVERAGES

We see here that the stock is 4.10% away from the 20-Day Simple Moving Average.  Their 50-Day Simple Moving Average is a difference of 8.80% from current levels.  Further back, their 200-Day Simple Moving Average is 56.39% difference from today’s price.  Currently, the stock is -19.08% from its 50-Day High and 48.61% from the 50-day low. 

Omeros Corporation (NASDAQ:OMER)‘s stock has performed at 120.97%.  Breaking that down further, it has performed 0.97% for the week, 12.30% for the month, 42.71% over the last quarter, 126.21% for the past half-year and 79.38% for this last year. 

Equity Research firms currently have a positive stance on shares of Abraxas Petroleum Corporation (NASDAQ:AXAS). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 1.80. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $2.68 on a short term basis.

Abraxas Petroleum Corporation (NASDAQ:AXAS)’s shares may have a significant upside to the consensus target of 2.68, but how has it been performing relative to the market?  The stock’s price is 1.70 and their relative strength index (RSI) stands at 50.69.  RSI is a technical oscillator that shows price strength by comparing upward and downward movements.  It indicates oversold and overbought price levels for a stock.  

Abraxas Petroleum Corporation (NASDAQ:AXAS) shares are moving 6.92% trading at $1.70 today.

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