Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
In the latest session, Absci Corp (NASDAQ: ABSI) closed at $3.12 up 0.65% from its previous closing price of $3.10. In other words, the price has increased by $0.65 from its previous closing price. On the day, 2.71 million shares were traded.
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 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, Needham on January 22, 2025, initiated with a Buy rating and assigned the stock a target price of $9.
On October 02, 2024, Guggenheim started tracking the stock assigning a Buy rating and target price of $10.
On July 03, 2024, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $7.Morgan Stanley initiated its Overweight rating on July 03, 2024, with a $7 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 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.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 85.12 while its Price-to-Book (P/B) ratio in mrq is 1.77.
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 $2.45. The 50-Day Moving Average of the stock is -17.67%, while the 200-Day Moving Average is calculated to be -18.34%.
Shares Statistics:
A total of 114.19M shares are outstanding, with a floating share count of 92.86M. Insiders hold about 18.82% of the company’s shares, while institutions hold 63.13% stake in the company.
