After finishing at $5.42 in the prior trading day, OmniAb Inc (NASDAQ: OABI) closed at $5.14, down -5.17%. In other words, the price has decreased by -$0.28 from its previous closing price. On the day, 870485 shares were traded. OABI stock price reached its highest trading level at $5.72 during the session, while it also had its lowest trading level at $5.04.
Ratios:
Our goal is to gain a better understanding of OABI by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.26 and its Current Ratio is at 4.11. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.07.
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, RBC Capital Mkts on November 29, 2023, initiated with a Outperform rating and assigned the stock a target price of $6.
On April 21, 2023, The Benchmark Company started tracking the stock assigning a Buy rating and target price of $8.
On April 13, 2023, Craig Hallum started tracking the stock assigning a Buy rating and target price of $10.Craig Hallum initiated its Buy rating on April 13, 2023, with a $10 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 12 ’23 when FOEHR MATTHEW W bought 200,000 shares for $5.05 per share. The transaction valued at 1,010,000 led to the insider holds 2,645,442 shares of the business.
FOEHR MATTHEW W bought 95,000 shares of OABI for $405,517 on Nov 10 ’23. The President and CEO now owns 2,427,919 shares after completing the transaction at $4.27 per share. On Aug 14 ’23, another insider, FOEHR MATTHEW W, who serves as the President and CEO of the company, bought 45,000 shares for $5.48 each. As a result, the insider paid 246,600 and bolstered with 2,332,919 shares of the company.
Valuation Measures:
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 630.35M and an Enterprise Value of 559.90M. For the stock, the TTM Price-to-Sale (P/S) ratio is 17.58 while its Price-to-Book (P/B) ratio in mrq is 1.91. Its current Enterprise Value per Revenue stands at 8.66 whereas that against EBITDA is -29.17.
Stock Price History:
Over the past 52 weeks, OABI has reached a high of $6.72, while it has fallen to a 52-week low of $3.14. The 50-Day Moving Average of the stock is 5.73, while the 200-Day Moving Average is calculated to be 5.28.
Shares Statistics:
The stock has traded on average 453.29K shares per day over the past 3-months and 453.71k shares per day over the last 10 days, according to various share statistics. A total of 116.86M shares are outstanding, with a floating share count of 94.82M. Insiders hold about 18.86% of the company’s shares, while institutions hold 59.70% stake in the company. Shares short for OABI as of Feb 29, 2024 were 4.76M with a Short Ratio of 10.50, compared to 5.09M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.09% and a Short% of Float of 4.45%.
Earnings Estimates
Its stock is currently analyzed by 5 different market analysts. On average, analysts expect EPS of -$0.14 for the current quarter, with a high estimate of -$0.12 and a low estimate of -$0.15, while EPS last year was -$0.08. The consensus estimate for the next quarter is -$0.14, with high estimates of -$0.11 and low estimates of -$0.15.
Analysts are recommending an EPS of between -$0.39 and -$0.62 for the fiscal current year, implying an average EPS of -$0.49. EPS for the following year is -$0.35, with 5 analysts recommending between -$0.21 and -$0.51.
Revenue Estimates
5 analysts predict $8.4M in revenue for the current quarter. It ranges from a high estimate of $10.46M to a low estimate of $7.44M. As of the current estimate, OmniAb Inc’s year-ago sales were $18.98M, an estimated decrease of -55.70% from the year-ago figure.
A total of 7 analysts have provided revenue estimates for OABI’s current fiscal year. The highest revenue estimate was $58M, while the lowest revenue estimate was $37.5M, resulting in an average revenue estimate of $46.63M. In the same quarter a year ago, actual revenue was $34.16M, up 36.50% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $63.5M in the next fiscal year. The high estimate is $80M and the low estimate is $53.01M. The average revenue growth estimate for next year is up 36.20% from the average revenue estimate for this year.
