OmniAb Inc [OABI] stock is trading at $4.15, up 5.87%. 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 11.56% over the last week, with a monthly amount glided 10.67%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 [OABI] stock has fluctuated between $3.56 and $6.72 over the past year. OmniAb Inc [NASDAQ: OABI] shares were valued at $4.15 at the most recent close of the market.
Analyzing the OABI fundamentals
OmniAb Inc [NASDAQ:OABI] reported sales of 20.41M for the trailing twelve months, which represents a drop of -23.83%. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at -3.91%, Pretax Profit Margin comes in at -3.73%, and Net Profit Margin reading is -3.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.19, Equity is -0.21 and Total Capital is -0.25.
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 4.04 points at the first support level, and at 3.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.22, and for the 2nd resistance point, it is at 4.28.
Ratios To Look Out For
For context, OmniAb Inc’s Current Ratio is 4.62. Also, the Quick Ratio is 4.62, while the Cash Ratio stands at 1.89. Considering the valuation of this stock, the price to sales ratio is 25.05, the price to book ratio is 1.71.
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.
