Xoma Stockholders Approve Key Proposals at Annual Meeting

Xoma ( (XOMA) ) has shared an announcement.

During the Annual Meeting, Xoma‘s stockholders approved several key proposals, including the Amended and Restated 2010 Long Term Incentive and Stock Award Plan, which increases the shares of common stock available by 880,000 and prohibits dividends on unvested awards. Additionally, all director nominees were elected, and other proposals, such as the ratification of Deloitte & Touche LLP as independent auditor and the company’s reincorporation from Delaware to Nevada, were approved.

The most recent analyst rating on (XOMA) stock is a Buy with a $104.00 price target. To see the full list of analyst forecasts on Xoma stock, see the XOMA Stock Forecast page.

Spark’s Take on XOMA Stock

According to Spark, TipRanks’ AI Analyst, XOMA is a Neutral.

Xoma scores a 56 overall, driven primarily by mixed financial performance and strong technical indicators. Despite solid revenue growth, profitability and cash flow challenges weigh heavily. The technical analysis suggests bullish momentum, but valuation concerns with a negative P/E ratio highlight ongoing financial struggles.

To see Spark’s full report on XOMA stock, click here.

More about Xoma

Average Trading Volume: 33,455

Technical Sentiment Signal: Buy

Current Market Cap: $305.2M

For an in-depth examination of XOMA stock, go to TipRanks’ Stock Analysis page.