Absci Corp (NASDAQ: ABSI) closed the day trading at $5.64 down -1.74% from the previous closing price of $5.74. In other words, the price has decreased by -$0.10 from its previous closing price. On the day, 1018257 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:
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 636.11M and an Enterprise Value of 554.40M. For the stock, the TTM Price-to-Sale (P/S) ratio is 111.20 while its Price-to-Book (P/B) ratio in mrq is 2.98. Its current Enterprise Value per Revenue stands at 96.96 whereas that against EBITDA is -5.81.
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 4.87, while the 200-Day Moving Average is calculated to be 2.73.
Shares Statistics:
Over the past 3-months, ABSI traded about 1.54M shares per day on average, while over the past 10 days, ABSI traded about 1.27M shares per day. A total of 93.09M shares are outstanding, with a floating share count of 80.58M. Insiders hold about 28.55% of the company’s shares, while institutions hold 30.09% stake in the company. Shares short for ABSI as of Mar 15, 2024 were 10.68M with a Short Ratio of 6.94, compared to 9.38M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.47% and a Short% of Float of 14.47%.
Earnings Estimates
Current recommendations for the stock of the company come from 5 analysts. On average, analysts expect EPS of -$0.21 for the current quarter, with a high estimate of -$0.14 and a low estimate of -$0.27, while EPS last year was -$0.26. The consensus estimate for the next quarter is -$0.2, with high estimates of -$0.15 and low estimates of -$0.26.
Analysts are recommending an EPS of between -$0.61 and -$1.04 for the fiscal current year, implying an average EPS of -$0.83. EPS for the following year is -$0.74, with 5 analysts recommending between -$0.42 and -$0.98.
Revenue Estimates
5 analysts predict $2.42M in revenue for the current quarter. It ranges from a high estimate of $6.09M to a low estimate of $1M. As of the current estimate, Absci Corp’s year-ago sales were $1.27M, an estimated increase of 90.70% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $3.08M, a decrease of -8.50% less than the figure of $90.70% in the same quarter last year. There is a high estimate of $6.09M for the next quarter, whereas the lowest estimate is $1.4M.
A total of 5 analysts have provided revenue estimates for ABSI’s current fiscal year. The highest revenue estimate was $24.9M, while the lowest revenue estimate was $5.8M, resulting in an average revenue estimate of $10.96M. In the same quarter a year ago, actual revenue was $5.72M, up 91.70% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $24.09M in the next fiscal year. The high estimate is $56.35M and the low estimate is $12M. The average revenue growth estimate for next year is up 119.80% from the average revenue estimate for this year.
