Quick Win By The Algorithm: OMER Surges Inside 3 Days
Quick Win By The Algorithm
On March 27, 2017, the I Know First algorithm had predicted a bullish forecast for Omeros Corporation (OMER). OMER had a signal of 23.68 and a predictability of 0.09. Therefore, in accordance with the Quick Win By the Algorithm, the company reported gain of 35.21% in just 3 days.
Omeros Corporation (OMER), is a biopharmaceutical company, that discovers, develops, and commercializes small-molecule and protein therapeutics, and orphan indications.
The company had a positive end of fiscal 2016 financial results, which saw the stock rise. OMER saw revenues increase to $12.91 million, up from previous year, $6.68.
Their gross margins widened from 93.75% to 97.06% compared to the same period last year, and the year-on-year change in operating cash flow of 34.56% was about the same as the change in earnings.
OMER also announced recently that there is additional positive data from the company with their Phase 2 clinicnal trial of OMS721 for the treatment of serious kidney disorders. That frequently leads to en-stage renal disease and dialysis.
This bullish forecast on OMER was sent to current I Know First subscribers on March 27, 2017.
Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.
