Deeper Dive: Understanding Absci Corp (ABSI) Through its Various Ratios

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The price of Absci Corp (NASDAQ: ABSI) closed at $4.21 in the last session, down -0.94% from day before closing price of $4.25. In other words, the price has decreased by -$0.94 from its previous closing price. On the day, 1.08 million shares were traded. ABSI stock price reached its highest trading level at $4.38 during the session, while it also had its lowest trading level at $4.12.


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 7.19 and its Current Ratio is at 7.19. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.04.

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:

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 May 22 ’24 when Phoenix Venture Partners II LP sold 3,100,000 shares for $4.40 per share. The transaction valued at 13,640,000 led to the insider holds 11,279,522 shares of the business.

Redmile Group, LLC bought 222,222 shares of ABSI for $999,999 on Mar 01 ’24. The Director now owns 8,253,316 shares after completing the transaction at $4.50 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 476083648 and an Enterprise Value of 328783232. For the stock, the TTM Price-to-Sale (P/S) ratio is 88.98 while its Price-to-Book (P/B) ratio in mrq is 1.98. Its current Enterprise Value per Revenue stands at 61.489 whereas that against EBITDA is -4.173.

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 -16.59%, while the 200-Day Moving Average is calculated to be 27.58%.

Shares Statistics:

According to the various share statistics, ABSI traded on average about 1.21M shares per day over the past 3-months and 1181300 shares per day over the past 10 days. A total of 93.09M shares are outstanding, with a floating share count of 91.58M. Insiders hold about 19.02% of the company’s shares, while institutions hold 52.41% stake in the company. Shares short for ABSI as of 1715731200 were 7723986 with a Short Ratio of 6.36, compared to 1713139200 on 8628052. Therefore, it implies a Short% of Shares Outstanding of 7723986 and a Short% of Float of 10.14.

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