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.
As of close of business last night, Absci Corp’s stock clocked out at $2.71, down -4.91% from its previous closing price of $2.85. In other words, the price has decreased by -$4.91 from its previous closing price. On the day, 3.97 million shares were traded. ABSI stock price reached its highest trading level at $2.86 during the session, while it also had its lowest trading level at $2.6627.
Ratios:
To gain a deeper understanding of ABSI’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.63 and its Current Ratio is at 5.63. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.03.
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, Guggenheim on October 02, 2024, initiated with a Buy rating and assigned the stock a target price of $10.
On July 03, 2024, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $7.
On March 14, 2024, Scotiabank started tracking the stock assigning a Sector Outperform rating and target price of $13.Scotiabank initiated its Sector Outperform rating on March 14, 2024, with a $13 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 13 ’24 when Jonasson Zachariah sold 19,859 shares for $4.98 per share. The transaction valued at 98,892 led to the insider holds 384,751 shares of the business.
Phoenix Venture Partners II LP sold 3,100,000 shares of ABSI for $13,640,000 on May 22 ’24. The 10% Owner now owns 11,279,522 shares after completing the transaction at $4.40 per share. On Mar 01 ’24, another insider, Redmile Group, LLC, who serves as the Director of the company, bought 222,222 shares for $4.50 each. As a result, the insider paid 999,999 and bolstered with 8,253,316 shares of the company.
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 311259776 and an Enterprise Value of 196180112. For the stock, the TTM Price-to-Sale (P/S) ratio is 73.93 while its Price-to-Book (P/B) ratio in mrq is 1.54. Its current Enterprise Value per Revenue stands at 46.632 whereas that against EBITDA is -2.187.
Stock Price History:
The Beta on a monthly basis for ABSI is 2.03, which has changed by -0.21703297 over the last 52 weeks, in comparison to a change of 0.23147523 over the same period for the S&P500. Over the past 52 weeks, ABSI has reached a high of $6.72, while it has fallen to a 52-week low of $2.45. The 50-Day Moving Average of the stock is -15.93%, while the 200-Day Moving Average is calculated to be -32.39%.
Shares Statistics:
It appears that ABSI traded 2.86M shares on average per day over the past three months and 8870010 shares per day over the past ten days. A total of 114.19M shares are outstanding, with a floating share count of 92.27M. Insiders hold about 19.67% of the company’s shares, while institutions hold 62.24% stake in the company. Shares short for ABSI as of 1735603200 were 15490131 with a Short Ratio of 5.41, compared to 1732838400 on 12580819. Therefore, it implies a Short% of Shares Outstanding of 15490131 and a Short% of Float of 19.870001000000002.
