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After finishing at $8.71 in the prior trading day, Abacus Life Inc (NASDAQ: ABL) closed at $7.55, down -13.32%. In other words, the price has decreased by -$13.32 from its previous closing price. On the day, 2.91 million shares were traded. ABL stock price reached its highest trading level at $7.82 during the session, while it also had its lowest trading level at $7.1.
Ratios:
Our goal is to gain a better understanding of ABL by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.71 whereas as Long-Term Debt/Eq ratio is at 0.65.
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, Northland Capital on October 24, 2024, initiated with a Outperform rating and assigned the stock a target price of $13.50.
On August 07, 2024, TD Cowen started tracking the stock assigning a Buy rating and target price of $14.
On June 26, 2024, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $12.Piper Sandler initiated its Overweight rating on June 26, 2024, with a $12 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, ABL now has a Market Capitalization of 563824960 and an Enterprise Value of 723821312. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.73 while its Price-to-Book (P/B) ratio in mrq is 2.19. Its current Enterprise Value per Revenue stands at 7.068 whereas that against EBITDA is 25.956.
Stock Price History:
Over the past 52 weeks, ABL has reached a high of $13.25, while it has fallen to a 52-week low of $6.53. The 50-Day Moving Average of the stock is -18.86%, while the 200-Day Moving Average is calculated to be -27.89%.
Shares Statistics:
The stock has traded on average 82.60K shares per day over the past 3-months and 331590 shares per day over the last 10 days, according to various share statistics. A total of 63.24M shares are outstanding, with a floating share count of 12.76M. Insiders hold about 82.91% of the company’s shares, while institutions hold 17.86% stake in the company. Shares short for ABL as of 1730332800 were 770154 with a Short Ratio of 9.32, compared to 1727654400 on 884757. Therefore, it implies a Short% of Shares Outstanding of 770154 and a Short% of Float of 6.0100004.
