OmniAb Inc (OABI): Find Out What Insiders Are Doing

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NTGR
NTGR

OmniAb Inc (NASDAQ:OABI) finished Friday with a subtraction of -$0.28 to close at $3.60, a downside of -7.22 percent. An average of 608,120 shares of common stock have been traded in the last five days. There was a fall of -$0.04 in the past week, and it reached a new high 27 times over the past 12 months. The last 20 days have seen an average of 1,455,755 shares traded, while the 50-day average volume stands at 1,835,328.

OABI stock has increased by 1.69% in the last month. The company shares reached their 1-month lowest point of $3.06 on 12/20/22. With the stock rallying to its 52-week high on 10/27/22, shares of the company touched a low of $1.91 and a high of $10.50 in 52 weeks. It has reached a new high 27 times so far this year and lost -64.00% or -$6.40 in price. In spite of this, the price is down -65.71% from the 52-week high.


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Financial Health

The quick ratio of OmniAb Inc for the recent quarter was 0.00, and the current ratio was 0.00, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter.

Earnings Surprise

The company posted a net income of -$2.47 million in the quarter, while revenues of -$1.62 million were grew 93.12%. At the end of the recent quarter, OmniAb Inc’s stock balance sheet showed total liabilities of 251.48 million. Shareholders own equity worth $114.82 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at OmniAb Inc (OABI) price momentum. RSI 9-day as of the close on 30 December was 49.53%, suggesting the stock is Neutral, with historical volatility in this time frame at 112.42%.

As of today, OABI’s price is $3.68 -1.10% or -$0.04 from its 5-day moving average. OABI is currently trading +7.46% higher than its 20-day SMA and -64.36% lower than its 100-day SMA. However, the stock’s current price level is -60.00% below the SMA50 and -63.89% below the SMA200.

The stochastic %K and %D were 72.59% and 71.09%, respectively, and the average true range (ATR) was 0.40. With the 14-day stochastic at 60.00% and the average true range at 0.43, the RSI (14) stands at 47.08%. The stock has reached 0.11 on the 9-day MACD Oscillator while the 14-day reading was at 0.11.

Analyst Ratings

Truist launched coverage on OmniAb Inc (NASDAQ: OABI) in its analyst report released on December 20, 2022. The firm assigned the stock a Buy rating.

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