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The price of AbCellera Biologics Inc (NASDAQ: ABCL) closed at $3.02 in the last session, down -2.58% from day before closing price of $3.10. In other words, the price has decreased by -$2.58 from its previous closing price. On the day, 3.32 million shares were traded. ABCL stock price reached its highest trading level at $3.12 during the session, while it also had its lowest trading level at $2.97.
Ratios:
We take a closer look at ABCL’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 9.34 and its Current Ratio is at 9.34. In the meantime, Its Debt-to-Equity ratio is 0.07 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 915636864 and an Enterprise Value of 320266176. For the stock, the TTM Price-to-Sale (P/S) ratio is 27.06 while its Price-to-Book (P/B) ratio in mrq is 0.83. Its current Enterprise Value per Revenue stands at 9.716 whereas that against EBITDA is -1.441.
Stock Price History:
The Beta on a monthly basis for ABCL is 0.42, which has changed by -0.39334637 over the last 52 weeks, in comparison to a change of 0.21659255 over the same period for the S&P500. Over the past 52 weeks, ABCL has reached a high of $5.46, while it has fallen to a 52-week low of $2.34. The 50-Day Moving Average of the stock is -0.64%, while the 200-Day Moving Average is calculated to be -0.01%.
Shares Statistics:
According to the various share statistics, ABCL traded on average about 3.18M shares per day over the past 3-months and 3367390 shares per day over the past 10 days. A total of 295.16M shares are outstanding, with a floating share count of 221.91M. Insiders hold about 24.87% of the company’s shares, while institutions hold 34.36% stake in the company. Shares short for ABCL as of 1736899200 were 17258203 with a Short Ratio of 5.43, compared to 1734048000 on 15887450. Therefore, it implies a Short% of Shares Outstanding of 17258203 and a Short% of Float of 7.59.
