OmniAb Inc (NASDAQ:OABI) price on current trading day, rose 4.99% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.00.
A look at the stock’s price movement, the close in the last trading session was $1.90, moving within a range at $1.81 and $2.05. The beta value (5-Year monthly) was 0.803. Turning to its 52-week performance, $5.45 and $1.88 were the 52-week high and 52-week low respectively. Overall, OABI moved -35.90% over the past month.
OmniAb Inc’s market cap currently stands at around $244.27 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-17.
Analysts have a consensus estimate of 4.49M for the company’s revenue for the quarter, with a low and high estimate of 2.14M and 5.55M respectively. The average forecast suggests up to a 18.09% 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 23.03M, representing a -12.73% decline 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 -19.71% and -35.12% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 26.97, while 7-day volatility ratio is 10.49% and 7.56% in the 30-day chart. Further, OmniAb Inc (OABI) has a beta value of 0.27, and an average true range (ATR) of 0.18. Analysts have given the company’s stock an average 52-week price target of $4, forecast between a low of $4 and high of $4. Looking at the price targets, the low is -100.0% off current price level while to achieve the yearly target high, price needs to move -100.0%. Nonetheless, investors will most likely welcome a -100.0% jump to $4 which is the analysts’ median price.
If we refocus on OmniAb Inc (NASDAQ:OABI), historical trading data shows that trading volumes averaged 0.7 over the past 10 days and 656.33K over the past 3 months. The company’s latest data on shares outstanding shows there are 121.60 million shares.
The 19.16% of OmniAb Inc’s shares are in the hands of company insiders while institutional holders own 53.62% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 7.48 million on 2025-03-14, giving us a short ratio of 13.42. The data shows that as of 2025-03-14 short interest in OmniAb Inc (OABI) stood at 673.0 of shares outstanding, with shares short falling to 8.49 million registered in 2025-02-14. Current price change has pushed the stock -43.50% 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.
