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.
Absci Corp (NASDAQ: ABSI) closed the day trading at $4.58 up 2.81% from the previous closing price of $4.45. In other words, the price has increased by $2.81 from its previous closing price. On the day, 0.64 million shares were traded. ABSI stock price reached its highest trading level at $4.68 during the session, while it also had its lowest trading level at $4.47.
Ratios:
For a better understanding of ABSI, let’s look at its different 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 517920128 and an Enterprise Value of 434851360. For the stock, the TTM Price-to-Sale (P/S) ratio is 90.54 while its Price-to-Book (P/B) ratio in mrq is 2.42. Its current Enterprise Value per Revenue stands at 76.05 whereas that against EBITDA is -5.457.
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 -11.26%, while the 200-Day Moving Average is calculated to be 54.04%.
Shares Statistics:
Over the past 3-months, ABSI traded about 1.57M shares per day on average, while over the past 10 days, ABSI traded about 1144370 shares per day. A total of 93.09M shares are outstanding, with a floating share count of 86.48M. Insiders hold about 23.53% of the company’s shares, while institutions hold 33.33% stake in the company. Shares short for ABSI as of 1713139200 were 8628052 with a Short Ratio of 5.51, compared to 1710460800 on 10676263. Therefore, it implies a Short% of Shares Outstanding of 8628052 and a Short% of Float of 11.3299996.
