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The price of AbCellera Biologics Inc (NASDAQ: ABCL) closed at $3.15 in the last session, up 16.67% from day before closing price of $2.70. In other words, the price has increased by $16.67 from its previous closing price. On the day, 7.61 million shares were traded. ABCL stock price reached its highest trading level at $3.18 during the session, while it also had its lowest trading level at $2.72.
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 930403008 and an Enterprise Value of 352881056. For the stock, the TTM Price-to-Sale (P/S) ratio is 28.02 while its Price-to-Book (P/B) ratio in mrq is 0.86. Its current Enterprise Value per Revenue stands at 10.706 whereas that against EBITDA is -1.588.
Stock Price History:
Over the past 52 weeks, ABCL has reached a high of $6.05, while it has fallen to a 52-week low of $2.34. The 50-Day Moving Average of the stock is 18.95%, while the 200-Day Moving Average is calculated to be -11.14%.
Shares Statistics:
According to the various share statistics, ABCL traded on average about 1.96M shares per day over the past 3-months and 2111680 shares per day over the past 10 days. A total of 290.82M shares are outstanding, with a floating share count of 207.08M. Insiders hold about 29.89% of the company’s shares, while institutions hold 33.16% stake in the company. Shares short for ABCL as of 1728950400 were 17353101 with a Short Ratio of 8.86, compared to 1726185600 on 16835591. Therefore, it implies a Short% of Shares Outstanding of 17353101 and a Short% of Float of 7.64.
