The stock of OmniAb Inc (OABI) has gone down by -1.01% for the week, with a -0.56% drop in the past month and a -23.12% drop in the past quarter. The volatility ratio for the week is 3.18%, and the volatility levels for the past 30 days are 3.46% for OABI. The simple moving average for the past 20 days is -2.44% for OABI’s stock, with a -15.99% simple moving average for the past 200 days.
Is It Worth Investing in OmniAb Inc (NASDAQ: OABI) Right Now?
Company’s 36-month beta value is -0.06.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for OABI is 94.64M, and currently, short sellers hold a 6.13% ratio of that floaft. The average trading volume of OABI on May 24, 2024 was 547.43K shares.
OABI) stock’s latest price update
OmniAb Inc (NASDAQ: OABI) has experienced a rise in its stock price by 2.68 compared to its previous closing price of 4.29. However, the company has seen a fall of -1.01% in its stock price over the last five trading days. businesswire.com reported 2024-05-20 that EMERYVILLE, Calif.–(BUSINESS WIRE)–OmniAb, Inc. (NASDAQ: OABI) today announced that management will be participating at the Jefferies Global Healthcare Conference, being held June 4-6, 2024 at the Marriott Marquis in New York City. Management will be presenting a corporate overview on Wednesday, June 5th at 8:00 a.m. Eastern time and will be holding one-on-one meetings with investors. A live and archived webcast of the presentation will be available in the Investors section of OmniAb’s websit.
Analysts’ Opinion of OABI
Many brokerage firms have already submitted their reports for OABI stocks, with RBC Capital Mkts repeating the rating for OABI by listing it as a “Outperform.” The predicted price for OABI in the upcoming period, according to RBC Capital Mkts is $6 based on the research report published on November 29, 2023 of the previous year 2023.
The Benchmark Company, on the other hand, stated in their research note that they expect to see OABI reach a price target of $8. The rating they have provided for OABI stocks is “Buy” according to the report published on April 21st, 2023.
Craig Hallum gave a rating of “Buy” to OABI, setting the target price at $10 in the report published on April 13th of the previous year.
OABI Trading at -9.47% from the 50-Day Moving Average
After a stumble in the market that brought OABI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -34.40% of loss for the given period.
Volatility was left at 3.46%, however, over the last 30 days, the volatility rate increased by 3.18%, as shares sank -1.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.41% lower at present.
During the last 5 trading sessions, OABI fell by -1.01%, which changed the moving average for the period of 200-days by -23.92% in comparison to the 20-day moving average, which settled at $4.51. In addition, OmniAb Inc saw -28.61% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OABI starting from GUSTAFSON KURT A, who sale 6,954 shares at the price of $5.27 back on Apr 08 ’24. After this action, GUSTAFSON KURT A now owns 176,697 shares of OmniAb Inc, valued at $36,648 using the latest closing price.
Berkman Charles S, the Chief Legal Officer of OmniAb Inc, sale 6,954 shares at $5.27 during a trade that took place back on Apr 08 ’24, which means that Berkman Charles S is holding 292,617 shares at $36,648 based on the most recent closing price.
Stock Fundamentals for OABI
Current profitability levels for the company are sitting at:
- -3.97 for the present operating margin
- 0.07 for the gross margin
The net margin for OmniAb Inc stands at -3.02. The total capital return value is set at -0.25. Equity return is now at value -19.77, with -16.58 for asset returns.
Based on OmniAb Inc (OABI), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at -1.7. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is -63.05.
Currently, EBITDA for the company is -49.73 million with net debt to EBITDA at -0.09. When we switch over and look at the enterprise to sales, we see a ratio of 24.82. The receivables turnover for the company is 5.2for trailing twelve months and the total asset turnover is 0.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.38.
Conclusion
In a nutshell, OmniAb Inc (OABI) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
