Analyzing Ratios: AbCellera Biologics Inc (ABCL)’s Financial Story Unveiled

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The price of AbCellera Biologics Inc (NASDAQ: ABCL) closed at $3.30 in the last session, down -1.79% from day before closing price of $3.36. In other words, the price has decreased by -$1.79 from its previous closing price. On the day, 3.03 million shares were traded. ABCL stock price reached its highest trading level at $3.3763 during the session, while it also had its lowest trading level at $3.165.

Ratios:

We take a closer look at ABCL’s different ratios to gain a better understanding of the stock. 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 974707840 and an Enterprise Value of 402968736. For the stock, the TTM Price-to-Sale (P/S) ratio is 29.57 while its Price-to-Book (P/B) ratio in mrq is 0.90. Its current Enterprise Value per Revenue stands at 12.225 whereas that against EBITDA is -1.813.

Stock Price History:

The Beta on a monthly basis for ABCL is 0.42, which has changed by -0.34246576 over the last 52 weeks, in comparison to a change of 0.25219524 over the same period for the S&P500. 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 11.42%, while the 200-Day Moving Average is calculated to be 7.85%.

Shares Statistics:

According to the various share statistics, ABCL traded on average about 3.00M shares per day over the past 3-months and 4602490 shares per day over the past 10 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 34.54% stake in the company. Shares short for ABCL as of 1736899200 were 17258203 with a Short Ratio of 5.74, compared to 1734048000 on 15887450. Therefore, it implies a Short% of Shares Outstanding of 17258203 and a Short% of Float of 7.59.

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