It’s an appealing income play to consider OmniAb Inc (OABI)

The price of OmniAb Inc (NASDAQ: OABI) closed at $4.05 in the last session, up 2.79% from day before closing price of $3.94. In other words, the price has increased by $+0.1100 from its previous closing price. On the day, 578449 shares were traded. OABI stock price reached its highest trading level at $4.1500 during the session, while it also had its lowest trading level at $3.9615.

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We take a closer look at OABI’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.00 and its Current Ratio is at 0.00. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Truist on December 20, 2022, initiated with a Buy rating and assigned the stock a target price of $10.

On December 16, 2022, Credit Suisse started tracking the stock assigning a Outperform rating and target price of $13.

On November 29, 2022, SVB Leerink started tracking the stock assigning a Outperform rating and target price of $6.SVB Leerink initiated its Outperform rating on November 29, 2022, with a $6 target price.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 12 when FOEHR MATTHEW W bought 150,000 shares for $3.77 per share. The transaction valued at 564,765 led to the insider holds 1,838,084 shares of the business.

Cochran Jennifer R. bought 22,250 shares of OABI for $83,526 on Dec 06. The Director now owns 77,476 shares after completing the transaction at $3.75 per share. On Nov 30, another insider, FOEHR MATTHEW W, who serves as the President & CEO of the company, bought 300,000 shares for $3.39 each. As a result, the insider paid 1,016,340 and bolstered with 1,705,350 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 9.92 while its Price-to-Book (P/B) ratio in mrq is 0.52.

Stock Price History:

Over the past 52 weeks, OABI has reached a high of $10.50, while it has fallen to a 52-week low of $1.91. The 50-Day Moving Average of the stock is 3.3726, while the 200-Day Moving Average is calculated to be 8.1810.

Shares Statistics:

According to the various share statistics, OABI traded on average about 1.59M shares per day over the past 3-months and 478.73k shares per day over the past 10 days. A total of 98.53M shares are outstanding, with a floating share count of 77.12M. Insiders hold about 5.00% of the company’s shares, while institutions hold 22.30% stake in the company.