Omniab Inc Stock Today

OABI Stock  USD 3.92  0.07  1.82%   

Performance

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Odds Of Distress

Less than 20

 
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OmniAb is trading at 3.92 as of the 24th of November 2024. This is a 1.82% up since the beginning of the trading day. The stock's open price was 3.85. OmniAb has about a 20 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for OmniAb Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of November 2023 and ending today, the 24th of November 2024. Click here to learn more.
Business Domain
Pharmaceuticals, Biotechnology & Life Sciences
IPO Date
2nd of November 2022
Category
Healthcare
Classification
Health Care
OmniAb, Inc., a biotechnology company, provides therapeutic antibody discovery technologies in the United States. The company was founded in 2012 and is headquartered in Emeryville, California. Amniab operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. The company has 121.01 M outstanding shares of which 7.98 M shares are now shorted by private and institutional investors with about 27.84 trading days to cover. More on OmniAb Inc

Moving against OmniAb Stock

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OmniAb Stock Highlights

ESG Sustainability
Environmental
Governance
Social
CEO PresidentMatthew Foehr
Business ConcentrationBiotechnology, Pharmaceuticals, Biotechnology & Life Sciences, Health Care, NASDAQ Biotechnology, NASDAQ Composite, NASDAQ Health Care, Health Care, Biotechnology, Biotechnology, Healthcare (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.0790.091
Fairly Down
Slightly volatile
Gross Profit Margin0.630.4293
Way Up
Very volatile
Total Current Liabilities19.8 M23.1 M
Fairly Down
Slightly volatile
Non Current Liabilities Total49.4 M37.5 M
Significantly Up
Slightly volatile
Total Assets364.9 M375.2 M
Fairly Down
Slightly volatile
Total Current Assets58.7 M94.9 M
Way Down
Slightly volatile
Debt Levels
OmniAb can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand OmniAb's financial leverage. It provides some insight into what part of OmniAb's total assets is financed by creditors.
Liquidity
OmniAb Inc currently holds 25.56 M in liabilities with Debt to Equity (D/E) ratio of 0.11, which may suggest the company is not taking enough advantage from borrowing. OmniAb Inc has a current ratio of 0.56, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about OmniAb's use of debt, we should always consider it together with its cash and equity.

Change In Working Capital

26.11 Million
OmniAb Inc (OABI) is traded on NASDAQ Exchange in USA. It is located in 5980 Horton Street, Emeryville, CA, United States, 94608 and employs 106 people. OmniAb is listed under Biotechnology category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 474.37 M. OmniAb Inc conducts business under Biotechnology sector and is part of Health Care industry. The entity has 121.01 M outstanding shares of which 7.98 M shares are now shorted by private and institutional investors with about 27.84 trading days to cover. OmniAb generates positive cash flow from operations, but has no cash available
Check OmniAb Probability Of Bankruptcy
Ownership Allocation
OmniAb owns a total of 121.01 Million outstanding shares. Over half of OmniAb's outstanding shares are owned by third-party entities. These third-party entities are typically referred to as corporate investors that secure positions in a given instrument to benefit from reduced trade commissions. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check OmniAb Ownership Details

OmniAb Stock Institutional Holders

InstituionRecorded OnShares
State Street Corp2024-06-30
M
First Sabrepoint Capital Management Lp2024-09-30
1.7 M
Villere St Denis J & Co Llc2024-09-30
1.5 M
Orchard Capital Management, Llc2024-06-30
1.4 M
Adar1 Capital Management Llc2024-09-30
1.3 M
Millennium Management Llc2024-06-30
M
Kornitzer Capital Management Inc2024-09-30
898.8 K
Northern Trust Corp2024-09-30
837.3 K
Kent Lake Capital Llc2024-06-30
800 K
Avista Capital Holdings Lp2024-09-30
15.8 M
Hhg Plc2024-06-30
7.9 M
View OmniAb Diagnostics

OmniAb Historical Income Statement

As of now, OmniAb's Gross Profit is increasing as compared to previous years. The OmniAb's current Total Other Income Expense Net is estimated to increase to about 5.3 M, while Tax Provision is projected to decrease to (5.2 M). View More Fundamentals

OmniAb Stock Against Markets

OmniAb Corporate Management

Cia McCaffreyVice TalentProfile
Donna CPASenior ControllerProfile
Bill HarrimanSenior DiscoveryProfile
Douglas KrafteSenior HeadProfile
MarieCecile DVMSenior GeneticsProfile
Charles JDChief SecretaryProfile
When determining whether OmniAb Inc is a strong investment it is important to analyze OmniAb's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact OmniAb's future performance. For an informed investment choice regarding OmniAb Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OmniAb Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of OmniAb. If investors know OmniAb will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about OmniAb listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.62)
Revenue Per Share
0.202
Quarterly Revenue Growth
(0.24)
Return On Assets
(0.14)
Return On Equity
(0.20)
The market value of OmniAb Inc is measured differently than its book value, which is the value of OmniAb that is recorded on the company's balance sheet. Investors also form their own opinion of OmniAb's value that differs from its market value or its book value, called intrinsic value, which is OmniAb's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because OmniAb's market value can be influenced by many factors that don't directly affect OmniAb's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between OmniAb's value and its price as these two are different measures arrived at by different means. Investors typically determine if OmniAb is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OmniAb's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.