For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
In the latest session, Abacus Global Management Inc (NASDAQ: ABL) closed at $7.64 up 0.39% from its previous closing price of $7.61. In other words, the price has increased by $0.39 from its previous closing price. On the day, 0.52 million shares were traded.
Ratios:
For a deeper understanding of Abacus Global Management Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.47 and its Current Ratio is at 0.47. In the meantime, Its Debt-to-Equity ratio is 0.83 whereas as Long-Term Debt/Eq ratio is at 0.56.
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, Maxim Group on April 29, 2025, initiated with a Buy rating and assigned the stock a target price of $14.
On October 24, 2024, Northland Capital started tracking the stock assigning a Outperform rating and target price of $13.50.
On August 07, 2024, TD Cowen started tracking the stock assigning a Buy rating and target price of $14.TD Cowen initiated its Buy rating on August 07, 2024, with a $14 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 20 ’24 when McNealy Sean sold 75,800 shares for $8.00 per share. The transaction valued at 606,400 led to the insider holds 12,361,500 shares of the business.
Ganovsky Matthew sold 75,800 shares of ABL for $606,400 on Dec 20 ’24. The Co-Founder and President now owns 10,014,154 shares after completing the transaction at $8.00 per share. On Dec 20 ’24, another insider, Kirby Kevin Scott, who serves as the Co-Founder and President of the company, sold 75,800 shares for $8.00 each. As a result, the insider received 606,400 and left with 12,361,200 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 5.34 while its Price-to-Book (P/B) ratio in mrq is 1.70.
Stock Price History:
Over the past 52 weeks, ABL has reached a high of $12.40, while it has fallen to a 52-week low of $6.34. The 50-Day Moving Average of the stock is -4.48%, while the 200-Day Moving Average is calculated to be -9.37%.
Shares Statistics:
A total of 95.80M shares are outstanding, with a floating share count of 34.11M. Insiders hold about 64.32% of the company’s shares, while institutions hold 28.82% stake in the company.
