The closing price of Absci Corp (NASDAQ: ABSI) was $5.02 for the day, down -2.14% from the previous closing price of $5.13. In other words, the price has decreased by -$0.11 from its previous closing price. On the day, 1925283 shares were traded.
Ratios:
Our analysis of ABSI’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 4.82 and its Current Ratio is at 4.82. 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, KeyBanc Capital Markets on December 05, 2023, initiated with a Overweight rating and assigned the stock a target price of $3.
On May 04, 2023, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $4.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ABSI now has a Market Capitalization of 562.40M and an Enterprise Value of 466.67M. For the stock, the TTM Price-to-Sale (P/S) ratio is 81.12 while its Price-to-Book (P/B) ratio in mrq is 2.38. Its current Enterprise Value per Revenue stands at 67.27 whereas that against EBITDA is -5.09.
Stock Price History:
Over the past 52 weeks, ABSI has reached a high of $6.40, while it has fallen to a 52-week low of $1.11. The 50-Day Moving Average of the stock is 4.36, while the 200-Day Moving Average is calculated to be 2.39.
Shares Statistics:
ABSI traded an average of 1.64M shares per day over the past three months and 2.53M shares per day over the past ten days. A total of 92.41M shares are outstanding, with a floating share count of 81.93M. Insiders hold about 26.94% of the company’s shares, while institutions hold 30.33% stake in the company. Shares short for ABSI as of Feb 15, 2024 were 9.38M with a Short Ratio of 5.71, compared to 3.81M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 10.10% and a Short% of Float of 17.40%.
Earnings Estimates
The firm’s stock currently is rated by 4 analysts. On average, analysts expect EPS of -$0.24 for the current quarter, with a high estimate of -$0.21 and a low estimate of -$0.27, while EPS last year was -$0.21. The consensus estimate for the next quarter is -$0.18, with high estimates of -$0.17 and low estimates of -$0.19.
Analysts are recommending an EPS of between -$1.16 and -$1.21 for the fiscal current year, implying an average EPS of -$1.19. EPS for the following year is -$0.78, with 4 analysts recommending between -$0.66 and -$0.9.
Revenue Estimates
For the next quarter, 2 analysts are estimating revenue of $1.4M, an increase of 10.30% over than the figure of -$33.80% in the same quarter last year. There is a high estimate of $1.5M for the next quarter, whereas the lowest estimate is $1.3M.
A total of 5 analysts have provided revenue estimates for ABSI’s current fiscal year. The highest revenue estimate was $7.72M, while the lowest revenue estimate was $5.7M, resulting in an average revenue estimate of $6.54M. In the same quarter a year ago, actual revenue was $5.75M, up 13.80% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $12.9M in the next fiscal year. The high estimate is $24.9M and the low estimate is $5M. The average revenue growth estimate for next year is up 97.20% from the average revenue estimate for this year.
