Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
OmniAb Inc (NASDAQ: OABI) closed the day trading at $4.56 down -1.72% from the previous closing price of $4.64. In other words, the price has decreased by -$1.72 from its previous closing price. On the day, 0.46 million shares were traded. OABI stock price reached its highest trading level at $4.625 during the session, while it also had its lowest trading level at $4.535.
Ratios:
For a better understanding of OABI, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.14 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 763.02. For the most recent quarter (mrq), Quick Ratio is recorded 4.11 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 Apr 08 ’24 when GUSTAFSON KURT A sold 6,954 shares for $5.27 per share. The transaction valued at 36,648 led to the insider holds 176,697 shares of the business.
Berkman Charles S sold 6,954 shares of OABI for $36,648 on Apr 08 ’24. The Chief Legal Officer now owns 292,617 shares after completing the transaction at $5.27 per share. On Apr 01 ’24, another insider, GUSTAFSON KURT A, who serves as the Executive VP, Finance & CFO of the company, sold 11,849 shares for $5.46 each. As a result, the insider received 64,696 and left with 170,110 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 542293440 and an Enterprise Value of 472672768. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.64 while its Price-to-Book (P/B) ratio in mrq is 1.69. Its current Enterprise Value per Revenue stands at 13.835 whereas that against EBITDA is -9.505.
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 -14.86%, while the 200-Day Moving Average is calculated to be -14.34%.
Shares Statistics:
Over the past 3-months, OABI traded about 478.41K shares per day on average, while over the past 10 days, OABI traded about 588610 shares per day. A total of 116.86M shares are outstanding, with a floating share count of 94.69M. Insiders hold about 19.16% of the company’s shares, while institutions hold 59.33% stake in the company. Shares short for OABI as of 1711584000 were 5146602 with a Short Ratio of 10.76, compared to 1709164800 on 4758179. Therefore, it implies a Short% of Shares Outstanding of 5146602 and a Short% of Float of 4.77.
