OmniAb Inc (NASDAQ:OABI) price on current trading day, fall -3.90% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.44.
A look at the stock’s price movement, the level at last check in today’s session was $2.54, moving within a range at $2.4 and $2.5591. The beta value (5-Year monthly) was 0.354. Turning to its 52-week performance, $5.72 and $2.50 were the 52-week high and 52-week low respectively. Overall, OABI moved -33.49% over the past month.
OmniAb Inc’s market cap currently stands at around $295.38 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-17.
Analysts have a consensus estimate of 5.04M for the company’s revenue for the quarter, with a low and high estimate of 2.14M and 10M respectively. The average forecast suggests up to a 32.70% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 29.59M, representing a 12.14% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that OABI is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 3 recommend OABI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
OABI’s current price about -25.83% and -27.52% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 23.60, while 7-day volatility ratio is 7.96% and 5.41% in the 30-day chart. Further, OmniAb Inc (OABI) has a beta value of 0.04, and an average true range (ATR) of 0.18.
If we refocus on OmniAb Inc (NASDAQ:OABI), historical trading data shows that trading volumes averaged 0.62 over the past 10 days and 567.99K over the past 3 months. The company’s latest data on shares outstanding shows there are 121.60 million shares.
The 19.05% of OmniAb Inc’s shares are in the hands of company insiders while institutional holders own 53.64% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 7.96 million on 2025-02-28, giving us a short ratio of 13.68. The data shows that as of 2025-02-28 short interest in OmniAb Inc (OABI) stood at 724.9999999999999 of shares outstanding, with shares short rising to 7.92 million registered in 2025-01-31. Current price change has pushed the stock -31.05% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the OABI stock continues to rise going into the next quarter.
