A share price of OmniAb Inc [OABI] is currently trading at $5.42, up 0.56%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The OABI shares have gain 5.45% over the last week, with a monthly amount drifted -12.72%, and not seem to be holding up well over a long-time horizon.
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On 20, March 2024, OmniAb Reports Fourth Quarter and Full Year 2023 Financial Results and Business Highlights. In a post published today on Yahoo Finance, Conference Call with Slides Begins at 4:30 p.m. Eastern Time Today.
From an analyst’s perspective:
OmniAb Inc [NASDAQ: OABI] stock has seen the most recent analyst activity on November 29, 2023, when RBC Capital Mkts initiated its Outperform rating and assigned the stock a price target of $6. Previously, The Benchmark Company started tracking the stock with Buy rating on April 21, 2023, and set its price target to $8. On April 13, 2023, Craig Hallum initiated with a Buy rating and assigned a price target of $10 on the stock. Cowen started tracking the stock assigning a Outperform rating and suggested a price target of $10 on February 22, 2023. H.C. Wainwright initiated its recommendation with a Buy and recommended $11 as its price target on February 13, 2023. Truist started tracking with a Buy rating for this stock on December 20, 2022, and assigned it a price target of $10. In a note dated December 16, 2022, Credit Suisse initiated an Outperform rating and provided a target price of $13 on this stock.
OmniAb Inc experienced fluctuations in its stock price throughout the past year between $3.14 and $6.72. OmniAb Inc [NASDAQ: OABI] shares were valued at $5.42 at the most recent close of the market.
Analyzing the OABI fundamentals
Trailing Twelve Months sales for OmniAb Inc [NASDAQ:OABI] were 34.16M which represents -86.36% decline. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at -2.03%, Pretax Profit Margin comes in at -1.88%, and Net Profit Margin reading is -1.48%. To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.15 and Total Capital is -0.18. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.08.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.36 points at the first support level, and at 5.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.49, and for the 2nd resistance point, it is at 5.56.
OmniAb Inc [OABI] reported earnings per share of -$0.14 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.15/share, meaning a difference of $0.01 and a surprise factor of 6.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.16 per share as compared to estimates of -$0.14 per share, a difference of -$0.02 representing a surprise of -14.30%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for OmniAb Inc [NASDAQ:OABI] is 4.11. Also, the Quick Ratio is 4.11, while the Cash Ratio stands at 0.71. Considering the valuation of this stock, the price to sales ratio is 18.58, the price to book ratio is 2.01.
Transactions by insiders
Recent insider trading involved FOEHR MATTHEW W, President and CEO, that happened on Mar 22 ’24 when 0.23 million shares were purchased. Chief Executive Officer, FOEHR MATTHEW W completed a deal on Dec 12 ’23 to buy 0.2 million shares. Meanwhile, President and CEO FOEHR MATTHEW W bought 95000.0 shares on Nov 10 ’23.
