Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
As of close of business last night, AbCellera Biologics Inc’s stock clocked out at $3.06, up 3.03% from its previous closing price of $2.97. In other words, the price has increased by $3.03 from its previous closing price. On the day, 3.69 million shares were traded. ABCL stock price reached its highest trading level at $3.14 during the session, while it also had its lowest trading level at $2.96.
Ratios:
To gain a deeper understanding of ABCL’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 9.34 and its Current Ratio is at 9.34. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.06.
On February 22, 2024, The Benchmark Company Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $9.
On December 05, 2023, KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and target price of $6.KeyBanc Capital Markets initiated its Overweight rating on December 05, 2023, with a $6 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ABCL now has a Market Capitalization of 903819968 and an Enterprise Value of 332080832. For the stock, the TTM Price-to-Sale (P/S) ratio is 27.42 while its Price-to-Book (P/B) ratio in mrq is 0.84. Its current Enterprise Value per Revenue stands at 10.075 whereas that against EBITDA is -1.494.
Stock Price History:
Over the past 52 weeks, ABCL has reached a high of $5.62, while it has fallen to a 52-week low of $2.34. The 50-Day Moving Average of the stock is 5.38%, while the 200-Day Moving Average is calculated to be -0.84%.
Shares Statistics:
It appears that ABCL traded 2.73M shares on average per day over the past three months and 3699450 shares per day over the past ten days. A total of 295.16M shares are outstanding, with a floating share count of 221.93M. Insiders hold about 24.86% of the company’s shares, while institutions hold 34.56% stake in the company. Shares short for ABCL as of 1735603200 were 16573213 with a Short Ratio of 6.07, compared to 1732838400 on 16252124. Therefore, it implies a Short% of Shares Outstanding of 16573213 and a Short% of Float of 7.290000000000001.
