A share price of OmniAb Inc [OABI] is currently trading at $3.88, up 5.72%. An important factor to consider is whether the stock is rising or falling in short-term value. The OABI shares have gain 8.68% over the last week, with a monthly amount glided 20.50%, and seem to be holding up well over a long-time horizon.
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 $3.10 and $6.55. OmniAb Inc [NASDAQ: OABI] shares were valued at $3.88 at the most recent close of the market.
Analyzing the OABI fundamentals
Trailing Twelve Months sales for OmniAb Inc [NASDAQ:OABI] were 20.41M which represents -23.83% decline. 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. 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 3.68 points at the first support level, and at 3.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.05, and for the 2nd resistance point, it is at 4.22.
Ratios To Look Out For
To put it in perspective, the Current Ratio for OmniAb Inc [NASDAQ:OABI] is 4.62. On the other hand, the Quick Ratio is 4.62, and the Cash Ratio is 1.89. Considering the valuation of this stock, the price to sales ratio is 23.01, the price to book ratio is 1.60.
Transactions by insiders
Recent insider trading involved GUSTAFSON KURT A, Executive VP, Finance and CFO, that happened on Feb 19 ’25 when 7255.0 shares were sold. President and CEO, FOEHR MATTHEW W completed a deal on Feb 19 ’25 to sell 19522.0 shares. Meanwhile, President and CEO FOEHR MATTHEW W sold 13964.0 shares on Feb 18 ’25.
