Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The price of AbCellera Biologics Inc (NASDAQ: ABCL) closed at $3.00 in the last session, up 2.74% from day before closing price of $2.92. In other words, the price has increased by $2.74 from its previous closing price. On the day, 4.14 million shares were traded. ABCL stock price reached its highest trading level at $3.01 during the session, while it also had its lowest trading level at $2.81.
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 886098048 and an Enterprise Value of 314358848. For the stock, the TTM Price-to-Sale (P/S) ratio is 26.88 while its Price-to-Book (P/B) ratio in mrq is 0.82. Its current Enterprise Value per Revenue stands at 9.537 whereas that against EBITDA is -1.414.
Stock Price History:
The Beta on a monthly basis for ABCL is 0.39, which has changed by -0.416 over the last 52 weeks, in comparison to a change of 0.22263205 over the same period for the S&P500. Over the past 52 weeks, ABCL has reached a high of $5.69, while it has fallen to a 52-week low of $2.34. The 50-Day Moving Average of the stock is 3.92%, while the 200-Day Moving Average is calculated to be -3.95%.
Shares Statistics:
According to the various share statistics, ABCL traded on average about 2.57M shares per day over the past 3-months and 3230640 shares per day over the past 10 days. A total of 295.16M shares are outstanding, with a floating share count of 221.93M. Insiders hold about 24.86% of the company’s shares, while institutions hold 34.60% stake in the company. Shares short for ABCL as of 1734048000 were 15887450 with a Short Ratio of 6.44, compared to 1731628800 on 15933087. Therefore, it implies a Short% of Shares Outstanding of 15887450 and a Short% of Float of 6.98.
