The price of OmniAb Inc (NASDAQ: OABI) closed at $5.92 in the last session, up 7.83% from day before closing price of $5.49. In other words, the price has increased by $+0.43 from its previous closing price. On the day, 552491 shares were traded.
Ratios:
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 4.26 and its Current Ratio is at 4.26. 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:
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 ’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 638.49M and an Enterprise Value of 568.04M. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.64 while its Price-to-Book (P/B) ratio in mrq is 2.12. Its current Enterprise Value per Revenue stands at 8.78 whereas that against EBITDA is -29.60.
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 5.93, while the 200-Day Moving Average is calculated to be 5.21.
Shares Statistics:
According to the various share statistics, OABI traded on average about 508.43K shares per day over the past 3-months and 526.98k shares per day over the past 10 days. A total of 115.22M shares are outstanding, with a floating share count of 94.31M. Insiders hold about 18.86% of the company’s shares, while institutions hold 60.03% stake in the company. Shares short for OABI as of Feb 15, 2024 were 5.08M with a Short Ratio of 9.99, compared to 4.89M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.37% and a Short% of Float of 4.74%.
Earnings Estimates
The company has 8 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.15 for the current quarter, with a high estimate of -$0.11 and a low estimate of -$0.2, while EPS last year was $0.07. The consensus estimate for the next quarter is -$0.14, with high estimates of -$0.12 and low estimates of -$0.15.
Analysts are recommending an EPS of between -$0.46 and -$0.57 for the fiscal current year, implying an average EPS of -$0.51. EPS for the following year is -$0.49, with 7 analysts recommending between -$0.39 and -$0.62.
Revenue Estimates
According to 8 analysts, the current quarter’s revenue is expected to be $7.47M. It ranges from a high estimate of $10M to a low estimate of $4.18M. As of the current estimate, OmniAb Inc’s year-ago sales were $35.34M, an estimated decrease of -78.90% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $8.4M, a decrease of -55.70% over than the figure of -$78.90% in the same quarter last year. There is a high estimate of $10.46M for the next quarter, whereas the lowest estimate is $7.44M.
A total of 7 analysts have provided revenue estimates for OABI’s current fiscal year. The highest revenue estimate was $39.25M, while the lowest revenue estimate was $33.52M, resulting in an average revenue estimate of $36.8M. In the same quarter a year ago, actual revenue was $59.08M, down -37.70% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $46.63M in the next fiscal year. The high estimate is $58M and the low estimate is $37.5M. The average revenue growth estimate for next year is up 26.70% from the average revenue estimate for this year.
