Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
AbCellera Biologics Inc (NASDAQ: ABCL) closed the day trading at $4.5 down -1.75% from the previous closing price of $4.58. In other words, the price has decreased by -$1.75 from its previous closing price. On the day, 6.42 million shares were traded. ABCL stock price reached its highest trading level at $4.75 during the session, while it also had its lowest trading level at $4.36.
Ratios:
For a better understanding of ABCL, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 11.07 and its Current Ratio is at 11.07. In the meantime, Its Debt-to-Equity ratio is 0.14 whereas as Long-Term Debt/Eq ratio is at 0.14.
The Benchmark Company Upgraded its Hold to Buy on February 22, 2024, while the target price for the stock was maintained at $9.
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 1344748416 and an Enterprise Value of 933750080. For the stock, the TTM Price-to-Sale (P/S) ratio is 40.90 while its Price-to-Book (P/B) ratio in mrq is 1.33. Its current Enterprise Value per Revenue stands at 28.402 whereas that against EBITDA is -4.276.
Stock Price History:
The Beta on a monthly basis for ABCL is 0.65, which has changed by 0.7241379 over the last 52 weeks, in comparison to a change of 0.16461086 over the same period for the S&P500. Over the past 52 weeks, ABCL has reached a high of $5.82, while it has fallen to a 52-week low of $1.89. The 50-Day Moving Average of the stock is 14.57%, while the 200-Day Moving Average is calculated to be 50.81%.
Shares Statistics:
Over the past 3-months, ABCL traded about 6.25M shares per day on average, while over the past 10 days, ABCL traded about 6428700 shares per day. A total of 298.65M shares are outstanding, with a floating share count of 224.10M. Insiders hold about 25.01% of the company’s shares, while institutions hold 40.42% stake in the company. Shares short for ABCL as of 1753920000 were 39805894 with a Short Ratio of 6.37, compared to 1751241600 on 30416351. Therefore, it implies a Short% of Shares Outstanding of 39805894 and a Short% of Float of 17.299999999999997.
