Beyond market averages, investors looking for exceptional returns turn to stock picking. Skillful choices in individual stocks have the power to substantially increase your wealth.
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
The closing price of OmniAb Inc (NASDAQ: OABI) was $4.79 for the day, up 0.21% from the previous closing price of $4.78. In other words, the price has increased by $0.21 from its previous closing price. On the day, 0.55 million shares were traded. OABI stock price reached its highest trading level at $4.95 during the session, while it also had its lowest trading level at $4.61.
Ratios:
Our analysis of OABI’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 4.38 and its Current Ratio is at 4.38. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 24 ’24 when FOEHR MATTHEW W bought 240,000 shares for $4.42 per share. The transaction valued at 1,059,840 led to the insider holds 3,536,665 shares of the business.
GUSTAFSON KURT A sold 6,954 shares of OABI for $36,648 on Apr 08 ’24. The Executive VP, Finance and CFO now owns 176,697 shares after completing the transaction at $5.27 per share. On Apr 08 ’24, another insider, Berkman Charles S, who serves as the Chief Legal Officer of the company, sold 6,954 shares for $5.27 each. As a result, the insider received 36,648 and left with 292,617 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 563375872 and an Enterprise Value of 518128896. For the stock, the TTM Price-to-Sale (P/S) ratio is 26.65 while its Price-to-Book (P/B) ratio in mrq is 1.87. Its current Enterprise Value per Revenue stands at 24.619 whereas that against EBITDA is -8.129.
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 $3.56. The 50-Day Moving Average of the stock is 10.77%, while the 200-Day Moving Average is calculated to be -4.21%.
Shares Statistics:
OABI traded an average of 664.74K shares per day over the past three months and 538640 shares per day over the past ten days. A total of 116.86M shares are outstanding, with a floating share count of 94.22M. Insiders hold about 19.56% of the company’s shares, while institutions hold 59.21% stake in the company. Shares short for OABI as of 1721001600 were 8328497 with a Short Ratio of 12.53, compared to 1718323200 on 6675189. Therefore, it implies a Short% of Shares Outstanding of 8328497 and a Short% of Float of 9.9300005.
