With 0.89 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.89 million shares. The 52-week range on OABI shows that it touched its highest point at $4.96 and its lowest point at $1.43 during that stretch. It currently has a 1-year price target of $7.88. Beta for the stock currently stands at 0.12.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OABI was down-trending over the past week, with a drop of -14.88%, but this was down by -22.70% over a month. Three-month performance dropped to -59.72% while six-month performance fell -69.25%. The stock lost -68.50% in the past year, while it has lost -59.60% so far this year. A look at the trailing 12-month EPS for OABI yields -0.59 with Next year EPS estimates of -0.45. For the next quarter, that number is -0.15. This implies an EPS growth rate of 3.07% for this year and 23.17% for next year.
Float and Shares Shorts:
At present, 122.13 million OABI shares are outstanding with a float of 97.79 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OABI since 4 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.54508 being high and -$0.65215 being low. For OABI, this leads to a yearly average estimate of -$0.59375.
