In the past week, OABI stock has gone down by -14.60%, with a monthly decline of -5.16% and a quarterly plunge of -8.31%. The volatility ratio for the week is 4.35%, and the volatility levels for the last 30 days are 4.43% for OmniAb Inc The simple moving average for the last 20 days is -7.26% for OABI stock, with a simple moving average of -15.90% for the last 200 days.
Is It Worth Investing in OmniAb Inc (NASDAQ: OABI) Right Now?
The stock has a 36-month beta value of -0.09. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for OABI is 94.34M, and at present, short sellers hold a 8.45% of that float. On November 15, 2024, the average trading volume of OABI was 397.63K shares.
OABI) stock’s latest price update
OmniAb Inc (NASDAQ: OABI)’s stock price has plunge by -5.16relation to previous closing price of 4.07. Nevertheless, the company has seen a -14.60% plunge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-12 that OmniAb, Inc. (NASDAQ:OABI ) Q3 2024 Earnings Conference Call November 12, 2024 4:30 PM ET Company Participants Kurt Gustafson – Chief Financial Officer Matt Foehr – President & Chief Executive Officer Conference Call Participants Stephen Willey – Stifel Alex Xenakis – Truist Securities Jacqueline Kisa – TD Cowen Conor McNamara – RBC Capital Markets Operator Good afternoon, and welcome to OmniAb, Inc. Third Quarter 2024 Financial Results and Business Update Conference Call. At this time, all participants are in a listen-only mode.
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 -7.75% 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 -42.52% of loss for the given period.
Volatility was left at 4.43%, however, over the last 30 days, the volatility rate increased by 4.35%, as shares sank -4.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.14% lower at present.
During the last 5 trading sessions, OABI fell by -14.05%, which changed the moving average for the period of 200-days by -34.38% in comparison to the 20-day moving average, which settled at $4.16. In addition, OmniAb Inc saw -37.44% 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 FOEHR MATTHEW W, who purchase 240,000 shares at the price of $4.42 back on May 24 ’24. After this action, FOEHR MATTHEW W now owns 3,536,665 shares of OmniAb Inc, valued at $1,059,840 using the latest closing price.
GUSTAFSON KURT A, the Executive VP, Finance and CFO of OmniAb Inc, sale 6,954 shares at $5.27 during a trade that took place back on Apr 08 ’24, which means that GUSTAFSON KURT A is holding 176,697 shares at $36,648 based on the most recent closing price.
Stock Fundamentals for OABI
Current profitability levels for the company are sitting at:
- -3.91 for the present operating margin
- 0.22 for the gross margin
The net margin for OmniAb Inc stands at -3.09. The total capital return value is set at -0.25. Equity return is now at value -20.45, with -17.43 for asset returns.
Based on OmniAb Inc (OABI), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -239.7. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -60.26.
Currently, EBITDA for the company is -49.73 million with net debt to EBITDA at 0.05. When we switch over and look at the enterprise to sales, we see a ratio of 22.84. The receivables turnover for the company is 5.84for 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 4.62.
Conclusion
To sum up, OmniAb Inc (OABI) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.
