Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.
As of close of business last night, Absci Corp’s stock clocked out at $2.88, down -2.70% from its previous closing price of $2.96. In other words, the price has decreased by -$2.70 from its previous closing price. On the day, 2.89 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 5.72 and its Current Ratio is at 5.72. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.02.
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.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 76.22 while its Price-to-Book (P/B) ratio in mrq is 1.85.
Stock Price History:
Over the past 52 weeks, ABSI has reached a high of $6.33, while it has fallen to a 52-week low of $2.01. The 50-Day Moving Average of the stock is -0.44%, while the 200-Day Moving Average is calculated to be -19.08%.
Shares Statistics:
A total of 127.54M shares are outstanding, with a floating share count of 111.47M. Insiders hold about 18.28% of the company’s shares, while institutions hold 66.36% stake in the company.
Earnings Estimates
Current recommendations for the stock of the company come from 7.0 analysts. The consensus estimate for the next quarter is -$0.2, with high estimates of -$0.06 and low estimates of -$0.25.
Analysts are recommending an EPS of between -$0.64 and -$0.94 for the fiscal current year, implying an average EPS of -$0.79. EPS for the following year is -$0.7, with 8.0 analysts recommending between -$0.15 and -$1.02.
Revenue Estimates
For the next quarter, 8 analysts are estimating revenue of $4.46M. There is a high estimate of $21.95M for the next quarter, whereas the lowest estimate is $1.1M.
A total of 9 analysts have provided revenue estimates for ABSI’s current fiscal year. The highest revenue estimate was $33.52M, while the lowest revenue estimate was $4.5M, resulting in an average revenue estimate of $10.51M. In the same quarter a year ago, actual revenue was $4.53MBased on 9 analysts’ estimates, the company’s revenue will be $28.35M in the next fiscal year. The high estimate is $81.88M and the low estimate is $4.5M.
