OM
Outset Medical, Inc. Healthcare - Medical Devices Investor Relations →
Outset Medical, Inc. (OM) closed at $4.50 as of 2026-02-02, trading 96.7% below its 200-week moving average of $135.31. This places OM in the extreme value zone. The stock is currently moving closer to the line, down from -96.4% last week. With a 14-week RSI of 17, OM is in oversold territory.
Over the past 233 weeks of data, OM has crossed below its 200-week moving average 3 times. On average, these episodes lasted 75 weeks. The average one-year return after crossing below was -63.5%, suggesting these dips have not historically been reliable buying opportunities for this stock.
With a market cap of $82 million, OM is a small-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at -92.3%. The stock trades at 0.6x book value.
Share count has increased 12.1% over three years, indicating dilution.
Over the past 4.6 years, a hypothetical investment of $100 in OM would have grown to $1, compared to $163 for the S&P 500. OM has returned -67.2% annualized vs 11.2% for the index, underperforming the broader market over this period.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Growth of $100: OM vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After OM Crosses Below the Line?
Across 3 historical episodes, buying OM when it crossed below its 200-week moving average produced an average return of -61.3% after 12 months (median -66.0%), compared to -12.0% for the S&P 500 over the same periods. After 24 months, the average return was -79.0% vs +3.0% for the index.
Each line shows $100 invested at the moment OM crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
OM has crossed below its 200-week MA 3 times with an average 1-year return of +-63.5% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Aug 2021 | Sep 2021 | 2 | 8.2% | -59.4% | -99.3% |
| Sep 2021 | Oct 2021 | 3 | 4.0% | -67.7% | -99.4% |
| Nov 2021 | Ongoing | 221+ | 98.2% | Ongoing | -99.4% |
| Average | 75 | — | +-63.5% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02