OmniAb (OABI) Stock Price, News & Analysis

Company Overview

OmniAb, Inc., a biotechnology company, engages in the discovery and provision of therapeutic antibody discovery technologies in the United States. The company's technology platform creates and screens diverse antibody repertoires and identify optimal antibodies for partners' drug development efforts. Its OmniAb platform is the biological intelligence of proprietary transgenic animals, including OmniRat, OmniChicken, and OmniMouse that have been genetically modified to generate antibodies with human sequences to facilitate development of human therapeutic candidates. The company's OmniFlic, a bispecific rat, and OmniClic, a bispecific chicken, designed for discovery of bispecific antibody applications; OmniTaur, which provides unique structural characteristics of cow antibodies for complex targets; and OmniDeep, a suite of in silico, an AI and machine learning tools for therapeutic discovery and optimization through various technologies and capabilities. OmniAb, Inc. was founded in 2012 and is headquartered in Emeryville, California.

Key Stats

• Today's Range: $3.50 to $3.68
• 50-Day Range: $3.50 to $4.65
• 52-Week Range: $3.43 to $6.72
• Volume: 903,697 shs
• Average Volume: 504,929 shs
• Market Capitalization: $494.26 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $9.00
• Consensus Rating: Buy

OmniAb Stock Analysis - MarketRank™

OmniAb scored higher than 25% of companies evaluated by MarketBeat, and ranked 822nd out of 944 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

OmniAb has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

OmniAb has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for OmniAb are expected to grow in the coming year, from ($0.62) to ($0.46) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of OmniAb is -5.65, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of OmniAb is -5.65, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

OmniAb has a P/B Ratio of 1.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

7.90% of the float of OmniAb has been sold short.

Short Interest Ratio / Days to Cover

OmniAb has a short interest ratio ("days to cover") of 18.7, which indicates bearish sentiment.

Change versus previous month

Short interest in OmniAb has recently increased by 4.34%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

OmniAb does not currently pay a dividend.

Dividend Growth

OmniAb does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

7.90% of the float of OmniAb has been sold short.

Short Interest Ratio / Days to Cover

OmniAb has a short interest ratio ("days to cover") of 18.7, which indicates bearish sentiment.

Change versus previous month

Short interest in OmniAb has recently increased by 4.34%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 0.8 / 5
• News Sentiment: -0.52

News Sentiment

OmniAb has a news sentiment score of -0.52. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.60 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for OmniAb this week, compared to 2 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, OmniAb insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 8.60% of the stock of OmniAb is held by insiders.

Percentage Held by Institutions

72.08% of the stock of OmniAb is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

OABI Stock Analysis - Frequently Asked Questions

How have OABI shares performed this year?

OmniAb's stock was trading at $6.17 at the start of the year. Since then, OABI stock has decreased by 43.3% and is now trading at $3.50.
View the best growth stocks for 2024 here.

How were OmniAb's earnings last quarter?

OmniAb, Inc. (NASDAQ:OABI) issued its earnings results on Thursday, August, 8th. The company reported ($0.13) EPS for the quarter, beating analysts' consensus estimates of ($0.18) by $0.05. The company had revenue of $7.61 million for the quarter, compared to the consensus estimate of $6.52 million. OmniAb had a negative net margin of 308.78% and a negative trailing twelve-month return on equity of 20.97%.

Who are OmniAb's major shareholders?

OmniAb's top institutional shareholders include Janus Henderson Group PLC (6.66%), Chicago Capital LLC (2.69%), Rice Hall James & Associates LLC (2.31%) and Geode Capital Management LLC (1.97%). Insiders that own company stock include Kurt A Gustafson and Jennifer R Cochran.
View institutional ownership trends.

How do I buy shares of OmniAb?

Shares of OABI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of OmniAb own?

Based on aggregate information from My MarketBeat watchlists, some other companies that OmniAb investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Arista Networks (ANET), Advanced Micro Devices (AMD), CrowdStrike (CRWD) and Adobe (ADBE).

Company Calendar

• Last Earnings: 8/08/2024
• Today: 12/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Commercial physical research
• Sub-Industry: Business Services
• Current Symbol: NASDAQ:OABI
• CUSIP: N/A
• CIK: 1846253
• Web: www.omniab.com
• Phone: 510-250-7800
• Fax: N/A
• Employees: 7
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $9.00
• High Stock Price Target: $11.00
• Low Stock Price Target: $7.00
• Potential Upside/Downside: +157.1%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.62)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-50,620,000.00
• Net Margins: -308.78%
• Pretax Margin: -373.44%
• Return on Equity: -20.97%
• Return on Assets: -18.05%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 4.62
• Quick Ratio: 4.62

Sales & Book Value

• Annual Sales: $20.41 million
• Price / Sales: 24.22
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $2.69 per share
• Price / Book: 1.30

Miscellaneous

• Outstanding Shares: 141,216,000
• Free Float: 129,071,000
• Market Cap: $494.26 million
• Optionable: Optionable
• Beta: -0.14