Market Insight: Absci Corp (ABSI)’s Notable Drop, Closing at 4.83

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In the latest session, Absci Corp (NASDAQ: ABSI) closed at $4.83 down -4.55% from its previous closing price of $5.06. In other words, the price has decreased by -$4.55 from its previous closing price. On the day, 0.7 million shares were traded. ABSI stock price reached its highest trading level at $5.35 during the session, while it also had its lowest trading level at $4.4903.

Ratios:

For a deeper understanding of Absci Corp’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.08 and its Current Ratio is at 4.08. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.06.

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, Scotiabank on March 14, 2024, initiated with a Sector Outperform rating and assigned the stock a target price of $13.

On December 05, 2023, KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and target price of $3.

On May 04, 2023, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $4.H.C. Wainwright initiated its Buy rating on May 04, 2023, with a $4 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 Mar 01 ’24 when Redmile Group, LLC bought 222,222 shares for $4.50 per share. The transaction valued at 999,999 led to the insider holds 8,253,316 shares of the business.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ABSI now has a Market Capitalization of 572200448 and an Enterprise Value of 463047488. For the stock, the TTM Price-to-Sale (P/S) ratio is 95.49 while its Price-to-Book (P/B) ratio in mrq is 2.55. Its current Enterprise Value per Revenue stands at 80.981 whereas that against EBITDA is -5.811.

Stock Price History:

Over the past 52 weeks, ABSI has reached a high of $6.72, while it has fallen to a 52-week low of $1.11. The 50-Day Moving Average of the stock is -6.49%, while the 200-Day Moving Average is calculated to be 53.72%.

Shares Statistics:

For the past three months, ABSI has traded an average of 1.39M shares per day and 665080 over the past ten days. A total of 93.09M shares are outstanding, with a floating share count of 89.16M. Insiders hold about 21.16% of the company’s shares, while institutions hold 35.71% stake in the company. Shares short for ABSI as of 1714435200 were 8077522 with a Short Ratio of 5.79, compared to 1711584000 on 10483953. Therefore, it implies a Short% of Shares Outstanding of 8077522 and a Short% of Float of 10.6000006.

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