As of Friday close, OmniAb Inc.’s (NASDAQ:OABI) stock was down -$0.16, moving down -2.74 percent to $5.69. The average number of shares traded per day over the past five days has been 667,100 shares. 3 times new highs have been achieved over the past 5 days, with a $0.23 gain in that time frame. In the last twenty days, the average volume was 571,685, while in the previous 50 days, it was 630,058.
Since last month, OABI stock rose 10.70%. Shares of the company fell to $5.08 on 07/19/23, the lowest level in the past month. A 52-week high of $10.50 was reached on 08/16/23 after having rallying from a 52-week low of $1.91. Since the beginning of this year, OABI’s stock price has risen by 58.06% or $2.09, and marked a new high 27 times. However, the stock has declined by -45.81% since its 52-week high.
OABI stock investors should be aware that OmniAb Inc. (OABI) stock had its last reported insider trading activity 5 days ago on Aug 14. FOEHR MATTHEW W, the President and CEO of the company, purchased of 45,000 shares for $5.48 on Aug 14. It resulted in a $246,600 investment by the insider. FOEHR MATTHEW W added 115,000 shares at an average price of $4.52 on Jun 09. The insider now owns 2,574,009 shares following the transaction. On May 23, Director HIGGINS JOHN L sold 9,000 shares at $4.05 apiece. The transaction was valued at $36,450.
Valuation Metrics
The stock’s beta is -0.50. Besides these, the trailing price-to-sales (P/S) ratio of 10.49, the price-to-book (PB) ratio of 1.93.
Financial Health
In the three months ended June 29, OmniAb Inc.’s quick ratio stood at 5.60, while its current ratio was 5.60, showing that the company is able to pay off its debt. In the year ended June 29, EBITDA margin amounted to -18.60%, whereas operating margins totaled -40.30%. Based on annual data, OABI earned $85.72 million in gross profit and brought in $59.08 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -6.70%. Return on equity (ROE) for the past 12 months was -7.80%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. OABI’s revenue rose 100.0% to $16.92 million during the quarter, while net income inched up to $6.95 million. While analysts expected OmniAb Inc. to report -$0.12 quarterly earnings, the actual figure was -$0.15 per share, beating the consensus estimate by -25.00%. During the quarter, the company generated -$15.47 million in EBITDA. The liabilities of OmniAb Inc. were 71.43 million at the end of its most recent quarter ended June 29, and its total debt was $26.52 million. The value of shareholders’ equity is $116.17 million.
Technical Picture
This quick technical analysis looks at OmniAb Inc.’s (OABI) price momentum. With a historical volatility rate of 53.73%, the RSI 9-day stood at 56.06% on 18 August.
With respect to its five-day moving average, the current OmniAb Inc. price is up by +4.21% percent or $0.23. At present, OABI shares trade +4.98% above its 20-day simple moving average and +68.84% percent above its 100-day simple moving average. However, the stock is currently trading approximately +25.61% above its SMA50 and -15.70% below its SMA200.
Stochastic coefficient K was 82.05% and Stochastic coefficient D was 75.87%, while ATR was 0.27. Given the Stochastic reading of 66.27% for the 14-day period, the RSI (14) reading has been calculated as 58.25%. As of today, the MACD Oscillator reading stands at 0.14, while the 14-day reading stands at 0.23.
Analyst Ratings
The Benchmark Company launched its rating on OmniAb Inc. (NASDAQ: OABI) to a Buy in a note to investors on April 21, 2023. OmniAb Inc. (OABI) has been rated Buy by analysts. According to 0 brokerage firms, OABI is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate OmniAb Inc. stock as buy, with 7 recommending it as overweight.
With a median target price of $10.00, the current consensus forecast for the stock is $8.00 – $11.00. Based on these forecasts, analysts predict OmniAb Inc. (OABI) will achieve an average price target of $10.00.
