Considering Absci Corporation (ABSI) as a potential investment: What Should You Do?

In other words, the price has increased by $0.0000 from its previous closing price. On the day, 136066 shares were traded. ABSI stock price reached its highest trading level at $2.2700 during the session, while it also had its lowest trading level at $2.1600.

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We take a closer look at ABSI’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 6.70 and its Current Ratio is at 6.70. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.03.

Upgrades & Downgrades

On July 18, 2022, Truist started tracking the stock assigning a Buy rating and target price of $8.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 09 when Korman Sarah bought 4,250 shares for $7.96 per share. The transaction valued at 33,830 led to the insider holds 14,250 shares of the business.

Bedrick Todd bought 2,000 shares of ABSI for $15,000 on Jan 20. The VP, CCPAO now owns 3,000 shares after completing the transaction at $7.50 per share. On Jan 19, another insider, McClain Sean, who serves as the President and Chief Executive of the company, bought 7,155 shares for $6.92 each. As a result, the insider paid 49,513 and bolstered with 6,368,955 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 39.51 while its Price-to-Book (P/B) ratio in mrq is 0.68.

Stock Price History:

Over the past 52 weeks, ABSI has reached a high of $11.91, while it has fallen to a 52-week low of $2.02. The 50-Day Moving Average of the stock is 3.0724, while the 200-Day Moving Average is calculated to be 4.8295.

Shares Statistics:

According to the various share statistics, ABSI traded on average about 324.05K shares per day over the past 3-months and 369.29k shares per day over the past 10 days. A total of 91.11M shares are outstanding, with a floating share count of 62.84M. Insiders hold about 0.70% of the company’s shares, while institutions hold 48.10% stake in the company. Shares short for ABSI as of Oct 13, 2022 were 5.35M with a Short Ratio of 5.01M, compared to 5.3M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 5.76% and a Short% of Float of 10.55%.

Earnings Estimates

The company has 6 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.28 for the current quarter, with a high estimate of -$0.23 and a low estimate of -$0.32, while EPS last year was -$0.33. The consensus estimate for the next quarter is -$0.25, with high estimates of -$0.22 and low estimates of -$0.29.

Analysts are recommending an EPS of between -$0.95 and -$1.25 for the fiscal current year, implying an average EPS of -$1.15. EPS for the following year is -$0.93, with 6 analysts recommending between -$0.76 and -$1.32.

Revenue Estimates

According to 6 analysts, the current quarter’s revenue is expected to be $1.87M. It ranges from a high estimate of $2.2M to a low estimate of $1M. As of the current estimate, Absci Corporation’s year-ago sales were $2.01M, an estimated decrease of -7.00% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $4.54M, an increase of 212.70% over than the figure of -$7.00% in the same quarter last year. There is a high estimate of $7.65M for the next quarter, whereas the lowest estimate is $3.4M.

A total of 6 analysts have provided revenue estimates for ABSI’s current fiscal year. The highest revenue estimate was $11.57M, while the lowest revenue estimate was $7M, resulting in an average revenue estimate of $8.26M. In the same quarter a year ago, actual revenue was $4.78M, up 72.70% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $16.77M in the next fiscal year. The high estimate is $22.51M and the low estimate is $12.8M. The average revenue growth estimate for next year is up 103.00% from the average revenue estimate for this year.