The closing price of OmniAb Inc (NASDAQ: OABI) was $4.82 for the day, down -2.63% from the previous closing price of $4.95. On the day, 762373 shares were traded.
Ratios:
Our analysis of OABI’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.49 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 806.52. 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:
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 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 16.53 while its Price-to-Book (P/B) ratio in mrq is 1.79.
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.
Shares Statistics:
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 59.41% stake in the company.
Earnings Estimates
The firm’s stock currently is rated by 8 analysts. On average, analysts expect EPS of -$0.16 for the current quarter, with a high estimate of -$0.12 and a low estimate of -$0.2, while EPS last year was -$0.08. The consensus estimate for the next quarter is -$0.15, with high estimates of -$0.11 and low estimates of -$0.19.
Analysts are recommending an EPS of between -$0.41 and -$0.72 for the fiscal current year, implying an average EPS of -$0.59. EPS for the following year is -$0.38, with 7 analysts recommending between -$0.17 and -$0.53.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 8 analysts. It ranges from a high estimate of $7.24M to a low estimate of $4.8M. As of the current estimate, OmniAb Inc’s year-ago sales were $18.98M, an estimated decrease of -69.10% from the year-ago figure.
A total of 8 analysts have provided revenue estimates for OABI’s current fiscal year. The highest revenue estimate was $38.9M, while the lowest revenue estimate was $28.3M, resulting in an average revenue estimate of $31.75M. In the same quarter a year ago, actual revenue was $34.16M, down -7.10% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $57.08M in the next fiscal year. The high estimate is $74M and the low estimate is $44.45M. The average revenue growth estimate for next year is up 79.80% from the average revenue estimate for this year.
