At the time of writing, OmniAb Inc [OABI] stock is trading at $4.48, down -1.54%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The OABI shares have gain 1.82% over the last week, with a monthly amount glided 0.90%, and seem to be holding up well over a long-time horizon.
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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.
For the past year, the stock price of OmniAb Inc fluctuated between $4.17 and $6.72. OmniAb Inc [NASDAQ: OABI] shares were valued at $4.48 at the most recent close of the market.
Analyzing the OABI fundamentals
According to OmniAb Inc [NASDAQ:OABI], the company’s sales were 21.05M for trailing twelve months, which represents an -77.53% plunge. Gross Profit Margin for this corporation currently stands at 0.07% with Operating Profit Margin at -3.97%, Pretax Profit Margin comes in at -3.74%, and Net Profit Margin reading is -3.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.18, Equity is -0.2 and Total Capital is -0.25. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.08.
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 4.40 points at the first support level, and at 4.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.59, and for the 2nd resistance point, it is at 4.70.
Ratios To Look Out For
It is important to note that OmniAb Inc [NASDAQ:OABI] has a current ratio of 4.38. As well, the Quick Ratio is 4.38, while the Cash Ratio is 1.09. Considering the valuation of this stock, the price to sales ratio is 24.93, the price to book ratio is 1.74.
Transactions by insiders
Recent insider trading involved FOEHR MATTHEW W, President and CEO, that happened on May 24 ’24 when 0.24 million shares were purchased. Executive VP, Finance and CFO, GUSTAFSON KURT A completed a deal on Apr 08 ’24 to sell 6954.0 shares. Meanwhile, Chief Legal Officer Berkman Charles S sold 6954.0 shares on Apr 08 ’24.
