Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The closing price of Absci Corp (NASDAQ: ABSI) was $4.77 for the day, down -4.02% from the previous closing price of $4.97. In other words, the price has decreased by -$4.02 from its previous closing price. On the day, 1.26 million shares were traded. ABSI stock price reached its highest trading level at $5.04 during the session, while it also had its lowest trading level at $4.7.
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 4.08 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:
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 537984448 and an Enterprise Value of 456280416. For the stock, the TTM Price-to-Sale (P/S) ratio is 94.05 while its Price-to-Book (P/B) ratio in mrq is 2.52. Its current Enterprise Value per Revenue stands at 79.797 whereas that against EBITDA is -5.726.
Stock Price History:
Over the past 52 weeks, ABSI has reached a high of $6.72, while it has fallen to a 52-week low of $1.11. The 50-Day Moving Average of the stock is -6.97%, while the 200-Day Moving Average is calculated to be 64.69%.
Shares Statistics:
ABSI traded an average of 1.55M shares per day over the past three months and 1529670 shares per day over the past ten days. A total of 93.09M shares are outstanding, with a floating share count of 86.25M. Insiders hold about 23.53% of the company’s shares, while institutions hold 33.41% stake in the company. Shares short for ABSI as of 1711584000 were 10483953 with a Short Ratio of 6.76, compared to 1709164800 on 10617137. Therefore, it implies a Short% of Shares Outstanding of 10483953 and a Short% of Float of 14.21.
Earnings Estimates
The performance of Absci Corp (ABSI) in the stock market is under the watchful eye of United Bankshares, Inc. analysts actively contributing to its current rating.The consensus estimate for the next quarter is $4.77, with high estimates of $122.35 and low estimates of $22.29.
