In the last trading session, 1.2 million shares of the OmniAb Inc (NASDAQ:OABI) were traded, and its beta was 0.16. Most recently the company’s share price was $2.07, and it changed around $0.2 or 10.70% from the last close, which brings the market valuation of the company to $253.24M. OABI currently trades at a discount to its 52-week high of $4.96, offering almost -139.61% off that amount. The share price’s 52-week low was $1.22, which indicates that the current value has risen by an impressive 41.06% since then. We note from OmniAb Inc’s average daily trading volume that its 10-day average is 0.65 million shares, with the 3-month average coming to 1.04 million.
OmniAb Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 8 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended OABI as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight.
OmniAb Inc (NASDAQ:OABI) trade information
Instantly OABI has showed a green trend with a performance of 10.70% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.1000 on recent trading dayincreased the stock’s daily price by 1.43%. The company’s shares are currently down -43.29% year-to-date, but still up 18.97% over the last five days. On the other hand, OmniAb Inc (NASDAQ:OABI) is 50.00% up in the 30-day period. We can see from the shorts that 8.03 million shares have been sold at a short interest cover period of 7.08 day(s).
The consensus price target as assigned by Wall Street analysts is $4, which translates to bulls needing to increase their stock price by 48.25% from its current value. Analyst projections state that OABI is forecast to be at a low of $4 and a high of $4.
OmniAb Inc earnings are expected to increase by 3.07% in 2025, but the outlook is positive 21.29% per year for the next five years.
OABI Dividends
OmniAb Inc’s next quarterly earnings report is expected to be released on 2025-May-08.
OmniAb Inc (NASDAQ:OABI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 6.12% of OmniAb Inc shares, and 67.98% of them are in the hands of institutional investors. The stock currently has a share float of 72.41%. OmniAb Inc stock is held by 204.0 institutions, with AVISTA CAPITAL HOLDINGS, L.P. being the largest institutional investor. By 2024-06-30, it held 15.5909% of the shares, which is about 15.82 million shares worth $56.98 billion.
JANUS HENDERSON GROUP PLC, with 7.7553% or 7.87 million shares worth $29.51 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
