Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
As of close of business last night, Absci Corp’s stock clocked out at $5.57, down -3.80% from its previous closing price of $5.79. In other words, the price has decreased by -$3.80 from its previous closing price. On the day, 5.35 million shares were traded.
Ratios:
To gain a deeper understanding of ABSI’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.63 and its Current Ratio is at 5.63. 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:
Investing in insider trades can also provide an investor with insight into how management views future 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. On Mar 01 ’24, another insider, Redmile Group, LLC, who serves as the Director of the company, bought 222,222 shares for $4.50 each. As a result, the insider paid 999,999 and bolstered with 8,253,316 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 151.96 while its Price-to-Book (P/B) ratio in mrq is 3.16.
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 $2.45. The 50-Day Moving Average of the stock is 51.70%, while the 200-Day Moving Average is calculated to be 43.47%.
Shares Statistics:
A total of 114.19M shares are outstanding, with a floating share count of 91.30M. Insiders hold about 20.51% of the company’s shares, while institutions hold 63.12% stake in the company.
