The price of OmniAb Inc. (NASDAQ: OABI) closed at $4.29 in the last session, down -0.46% from day before closing price of $4.31. In other words, the price has decreased by -$0.0200 from its previous closing price. On the day, 615764 shares were traded. OABI stock price reached its highest trading level at $4.3199 during the session, while it also had its lowest trading level at $4.2200.
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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 5.60 and its Current Ratio is at 5.60. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
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 May 19 when HIGGINS JOHN L sold 1,000 shares for $4.05 per share. The transaction valued at 4,050 led to the insider holds 2,462,686 shares of the business.
HIGGINS JOHN L sold 50,000 shares of OABI for $194,500 on May 18. The Director now owns 2,462,686 shares after completing the transaction at $3.89 per share. On May 12, another insider, FOEHR MATTHEW W, who serves as the Chief Executive Officer of the company, bought 440,000 shares for $3.40 each. As a result, the insider paid 1,496,000 and bolstered with 2,438,414 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OABI now has a Market Capitalization of 442.75M and an Enterprise Value of 355.00M. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.59 while its Price-to-Book (P/B) ratio in mrq is 1.45. Its current Enterprise Value per Revenue stands at 5.35 whereas that against EBITDA is -46.58.
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 3.6057, while the 200-Day Moving Average is calculated to be 5.4576.
According to the various share statistics, OABI traded on average about 664.39K shares per day over the past 3-months and 768.24k shares per day over the past 10 days. A total of 115.58M shares are outstanding, with a floating share count of 93.62M. Insiders hold about 5.00% of the company’s shares, while institutions hold 22.30% stake in the company. Shares short for OABI as of Apr 27, 2023 were 4.41M with a Short Ratio of 4.41M, compared to 3.89M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 3.82% and a Short% of Float of 4.15%.
The company has 7 analysts who recommend its stock at the moment. The consensus estimate for the next quarter is -$0.12, with high estimates of -$0.07 and low estimates of -$0.15.
Analysts are recommending an EPS of between -$0.27 and -$0.69 for the fiscal current year, implying an average EPS of -$0.43. EPS for the following year is -$0.42, with 7 analysts recommending between -$0.22 and -$0.67.
A total of 7 analysts have provided revenue estimates for OABI’s current fiscal year. The highest revenue estimate was $72M, while the lowest revenue estimate was $40.63M, resulting in an average revenue estimate of $57.71M. In the same quarter a year ago, actual revenue was $59.08M, down -2.30% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $59.53M in the next fiscal year. The high estimate is $72.78M and the low estimate is $44.74M. The average revenue growth estimate for next year is up 3.20% from the average revenue estimate for this year.