OmniAb Inc (NASDAQ: OABI) is -35.88% lower on its value in year-to-date trading and has touched a low of $2.50 and a high of $5.72 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The OABI stock was last observed hovering at around $2.54 in the last trading session, with the day’s loss setting it -0.27%.
Currently trading at $2.27, the stock is -30.85% and -32.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.4 million and changing -10.63% at the moment leaves the stock -42.45% off its SMA200. OABI registered -56.18% loss for a year compared to 6-month loss of -50.44%. The firm has a 50-day simple moving average (SMA 50) of $3.3642 and a 200-day simple moving average (SMA200) of $3.94415.
The stock witnessed a -38.15% gain in the last 1 month and extending the period to 3 months gives it a -40.11%, and is -29.28% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 10.39% over the week and 5.98% over the month.
OmniAb Inc (OABI) has around 114 employees, a market worth around $274.70M and $26.39M in sales. Profit margin for the company is -235.05%. Distance from 52-week low is -9.20% and -60.31% from its 52-week high. The company has generated returns on investments over the last 12 months (-20.21%).
with sales reaching $5.04M over the same period.The EPS is expected to grow by 5.33% this year, but quarterly earnings will post 12.14% year-over-year. Quarterly sales are estimated to grow 32.70% in year-over-year returns.
233.0 institutions hold shares in OmniAb Inc (OABI), with institutional investors hold 71.90% of the company’s shares. The shares outstanding are 121.60M, and float is at 97.96M with Short Float at 8.13%. Institutions hold 67.65% of the Float.
The top institutional shareholder in the company is AVISTA CAPITAL HOLDINGS, L.P. with over 15.82 million shares valued at $56.98 billion. The investor’s holdings represent 15.5909 of the OABI Shares outstanding. As of 2024-06-30, the second largest holder is JANUS HENDERSON GROUP PLC with 7.87 million shares valued at $29.51 million to account for 7.7553 of the shares outstanding. The other top investors are MACQUARIE GROUP LTD which holds 3.49 million shares representing 3.4356 and valued at over $13.07 million, while CHICAGO CAPITAL, LLC holds 3.1373 of the shares totaling 3.18 million with a market value of $11.94 million.
OmniAb Inc (OABI) Insider Activity
The most recent transaction is an insider purchase by HIGGINS JOHN L, the company’s Director. SEC filings show that HIGGINS JOHN L bought 125,750 shares of the company’s common stock on Mar 20 ’25 at a price of $2.35 per share for a total of $0.3 million. Following the purchase, the insider now owns 2.76 million shares.
OmniAb Inc disclosed in a document filed with the SEC on Feb 19 ’25 that GUSTAFSON KURT A (Executive VP, Finance and CFO) sold a total of 7,255 shares of the company’s common stock. The trade occurred on Feb 19 ’25 and was made at $3.67 per share for $26626.0. Following the transaction, the insider now directly holds 0.21 million shares of the OABI stock.
Still, SEC filings show that on Feb 19 ’25, FOEHR MATTHEW W (President and CEO) disposed off 19,522 shares at an average price of $3.67 for $71646.0. The insider now directly holds 3,779,160 shares of OmniAb Inc (OABI).
