Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The closing price of AbCellera Biologics Inc (NASDAQ: ABCL) was $2.07 for the day, down -4.61% from the previous closing price of $2.17. In other words, the price has decreased by -$4.61 from its previous closing price. On the day, 4.79 million shares were traded. ABCL stock price reached its highest trading level at $2.11 during the session, while it also had its lowest trading level at $1.97.
Ratios:
Our analysis of ABCL’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 9.81 and its Current Ratio is at 9.81. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.06.
On February 22, 2024, The Benchmark Company Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $9.
On December 05, 2023, KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and target price of $6.KeyBanc Capital Markets initiated its Overweight rating on December 05, 2023, with a $6 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ABCL now has a Market Capitalization of 616835136 and an Enterprise Value of 62544228. For the stock, the TTM Price-to-Sale (P/S) ratio is 21.40 while its Price-to-Book (P/B) ratio in mrq is 0.58. Its current Enterprise Value per Revenue stands at 2.169 whereas that against EBITDA is -0.279.
Stock Price History:
The Beta on a monthly basis for ABCL is 0.48, which has changed by -0.5230415 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, ABCL has reached a high of $4.65, while it has fallen to a 52-week low of $1.89. The 50-Day Moving Average of the stock is -21.59%, while the 200-Day Moving Average is calculated to be -25.50%.
Shares Statistics:
ABCL traded an average of 4.20M shares per day over the past three months and 4280300 shares per day over the past ten days. A total of 295.76M shares are outstanding, with a floating share count of 223.58M. Insiders hold about 24.97% of the company’s shares, while institutions hold 37.05% stake in the company. Shares short for ABCL as of 1741910400 were 22787356 with a Short Ratio of 5.62, compared to 1739491200 on 20096109. Therefore, it implies a Short% of Shares Outstanding of 22787356 and a Short% of Float of 9.9.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
