Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
The price of Absci Corp (NASDAQ: ABSI) closed at $2.45 in the last session, down -4.84% from day before closing price of $2.58. In other words, the price has decreased by -$4.84 from its previous closing price. On the day, 2.75 million shares were traded. ABSI stock price reached its highest trading level at $2.59 during the session, while it also had its lowest trading level at $2.31.
Ratios:
We take a closer look at ABSI’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 4.67 and its Current Ratio is at 4.67. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.03.
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, Needham on January 22, 2025, initiated with a Buy rating and assigned the stock a target price of $9.
On October 02, 2024, Guggenheim started tracking the stock assigning a Buy rating and target price of $10.
On July 03, 2024, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $7.Morgan Stanley initiated its Overweight rating on July 03, 2024, with a $7 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 13 ’24 when Jonasson Zachariah sold 19,859 shares for $4.98 per share. The transaction valued at 98,892 led to the insider holds 384,751 shares of the business.
Phoenix Venture Partners II LP sold 3,100,000 shares of ABSI for $13,640,000 on May 22 ’24. The 10% Owner now owns 11,279,522 shares after completing the transaction at $4.40 per share.
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 328572288 and an Enterprise Value of 188001264. For the stock, the TTM Price-to-Sale (P/S) ratio is 69.02 while its Price-to-Book (P/B) ratio in mrq is 1.58. Its current Enterprise Value per Revenue stands at 41.465 whereas that against EBITDA is -1.998.
Stock Price History:
The Beta on a monthly basis for ABSI is 2.20, which has changed by -0.57890224 over the last 52 weeks, in comparison to a change of 0.028231144 over the same period for the S&P500. Over the past 52 weeks, ABSI has reached a high of $6.38, while it has fallen to a 52-week low of $2.01. The 50-Day Moving Average of the stock is -31.70%, while the 200-Day Moving Average is calculated to be -32.84%.
Shares Statistics:
According to the various share statistics, ABSI traded on average about 4.80M shares per day over the past 3-months and 3393210 shares per day over the past 10 days. A total of 115.36M shares are outstanding, with a floating share count of 102.96M. Insiders hold about 19.15% of the company’s shares, while institutions hold 56.91% stake in the company. Shares short for ABSI as of 1741910400 were 18826556 with a Short Ratio of 4.29, compared to 1739491200 on 20059019. Therefore, it implies a Short% of Shares Outstanding of 18826556 and a Short% of Float of 20.82.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
