Absci Corp (NASDAQ: ABSI) closed the day trading at $5.43 down -6.86% from the previous closing price of $5.83. On the day, 1412280 shares were traded.
Ratios:
For a better understanding of ABSI, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.08 and its Current Ratio is at 4.08. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.06.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Scotiabank on March 14, 2024, initiated with a Sector Outperform rating and assigned the stock a target price of $13.
On December 05, 2023, KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and target price of $3.
On May 04, 2023, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $4.H.C. Wainwright initiated its Buy rating on May 04, 2023, with a $4 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 01 ’24 when Redmile Group, LLC bought 222,222 shares for $4.50 per share. The transaction valued at 999,999 led to the insider holds 8,253,316 shares of the business.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 107.06 while its Price-to-Book (P/B) ratio in mrq is 2.87.
Stock Price History:
Over the past 52 weeks, ABSI has reached a high of $6.72, while it has fallen to a 52-week low of $1.11.
Shares Statistics:
A total of 93.09M shares are outstanding, with a floating share count of 86.25M. Insiders hold about 23.53% of the company’s shares, while institutions hold 30.11% stake in the company.
Earnings Estimates
Current recommendations for the stock of the company come from Absci Corporation analysts. The consensus estimate for the next quarter is $22.08, with high estimates of $120.58 and low estimates of $32.91.
Analysts are recommending an EPS of between $Industrials and $Financial Services for the fiscal current year, implying an average EPS of $Energy.
