Examining Absci Corp (ABSI)’s cash flow and debt position

In the latest session, Absci Corp (NASDAQ: ABSI) closed at $4.90 up 4.48% from its previous closing price of $4.69. In other words, the price has increased by $+0.2100 from its previous closing price. On the day, 630036 shares were traded.

Ratios:

For a deeper understanding of Absci Corp’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.82 and its Current Ratio is at 4.82. 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, KeyBanc Capital Markets on December 05, 2023, initiated with a Overweight rating and assigned the stock a target price of $3.

On May 04, 2023, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $4.

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 435.88M and an Enterprise Value of 340.15M. For the stock, the TTM Price-to-Sale (P/S) ratio is 65.62 while its Price-to-Book (P/B) ratio in mrq is 2.32. Its current Enterprise Value per Revenue stands at 49.03 whereas that against EBITDA is -3.71.

Stock Price History:

Over the past 52 weeks, ABSI has reached a high of $5.47, while it has fallen to a 52-week low of $1.11. The 50-Day Moving Average of the stock is 3.9283, while the 200-Day Moving Average is calculated to be 2.1997.

Shares Statistics:

For the past three months, ABSI has traded an average of 1.39M shares per day and 1.58M over the past ten days. A total of 92.41M shares are outstanding, with a floating share count of 67.90M. Insiders hold about 26.94% of the company’s shares, while institutions hold 36.36% stake in the company. Shares short for ABSI as of Jan 31, 2024 were 6.09M with a Short Ratio of 4.39, compared to 2.01M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 6.55% and a Short% of Float of 11.29%.

Earnings Estimates

There are 5 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.22 for the current quarter, with a high estimate of -$0.21 and a low estimate of -$0.24, while EPS last year was -$0.21. The consensus estimate for the next quarter is -$0.18, with high estimates of -$0.17 and low estimates of -$0.19.

Analysts are recommending an EPS of between -$1.13 and -$1.19 for the fiscal current year, implying an average EPS of -$1.17. EPS for the following year is -$0.74, with 5 analysts recommending between -$0.66 and -$0.9.

Revenue Estimates

A total of 5 analysts believe the company’s revenue will be $2.19M this quarter.It ranges from a high estimate of $2.34M to a low estimate of $2M. As of the current estimate, Absci Corp’s year-ago sales were $1.56M, an estimated increase of 40.70% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $4.05M, an increase of 219.10% over than the figure of $40.70% in the same quarter last year. There is a high estimate of $4.8M for the next quarter, whereas the lowest estimate is $3.3M.

A total of 5 analysts have provided revenue estimates for ABSI’s current fiscal year. The highest revenue estimate was $7.72M, while the lowest revenue estimate was $7M, resulting in an average revenue estimate of $7.48M. In the same quarter a year ago, actual revenue was $5.75M, up 30.20% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $21.38M in the next fiscal year. The high estimate is $26M and the low estimate is $17M. The average revenue growth estimate for next year is up 185.80% from the average revenue estimate for this year.

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