In yesterday’s Wall Street session, OmniAb Inc (NASDAQ:OABI) shares traded at $5.42, up 0.56% from the previous session.
OABI stock price is now -3.95% away from the 50-day moving average and 2.30% away from the 200-day moving average. The market capitalization of the company currently stands at $634.84M.
With the price target of $6, RBC Capital Mkts recently initiated with Outperform rating for OmniAb Inc (NASDAQ: OABI). On April 21, 2023, The Benchmark Company recently initiated its ‘Buy’ rating on the stock quoting a target price of $8, while ‘Craig Hallum’ rates the stock as ‘Buy’
In other news, FOEHR MATTHEW W, President and CEO bought 225,000 shares of the company’s stock on Mar 22 ’24. The stock was bought for $1,167,750 at an average price of $5.19. Upon completion of the transaction, the President and CEO now directly owns 2,908,803 shares in the company, valued at $15.77 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 12 ’23, Chief Executive Officer FOEHR MATTHEW W bought 200,000 shares of the business’s stock. A total of $1,010,000 was incurred on buying the stock at an average price of $5.05. This leaves the insider owning 2,645,442 shares of the company worth $14.34 million. A total of 19.06% of the company’s stock is owned by insiders.
During the past 12 months, OmniAb Inc has had a low of $3.14 and a high of $6.72. As of last week, the company has a debt-to-equity ratio of 0.08, a current ratio of 4.11, and a quick ratio of 4.11. The fifty day moving average price for OABI is $5.64 and a two-hundred day moving average price translates $5.30 for the stock.
The latest earnings results from OmniAb Inc (NASDAQ: OABI) was released for Dec, 2023. According to the Biotechnology Company, earnings per share came in at -$0.14, beating analysts’ expectations of -$0.15 by 0.01. This compares to $0.09 EPS in the same period last year. The net profit margin was -148.16% and return on equity was -15.43% for OABI. The company reported revenue of $4.82 million for the quarter, compared to $35.34 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -86.36 percent. For the current quarter, analysts expect OABI to generate $5.87M in revenue.
