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After finishing at $2.59 in the prior trading day, AbCellera Biologics Inc (NASDAQ: ABCL) closed at $2.52, down -2.70%. In other words, the price has decreased by -$2.70 from its previous closing price. On the day, 2.04 million shares were traded. ABCL stock price reached its highest trading level at $2.59 during the session, while it also had its lowest trading level at $2.43.
Ratios:
Our goal is to gain a better understanding of ABCL by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 10.96 and its Current Ratio is at 10.96. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.06.
On February 22, 2024, The Benchmark Company Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $9.
On December 05, 2023, KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and target price of $6.KeyBanc Capital Markets initiated its Overweight rating on December 05, 2023, with a $6 target price.
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 766223616 and an Enterprise Value of 144255136. For the stock, the TTM Price-to-Sale (P/S) ratio is 22.46 while its Price-to-Book (P/B) ratio in mrq is 0.67. Its current Enterprise Value per Revenue stands at 4.364 whereas that against EBITDA is -0.672.
Stock Price History:
Over the past 52 weeks, ABCL has reached a high of $6.05, while it has fallen to a 52-week low of $2.34. The 50-Day Moving Average of the stock is -2.95%, while the 200-Day Moving Average is calculated to be -34.03%.
Shares Statistics:
The stock has traded on average 1.74M shares per day over the past 3-months and 1574880 shares per day over the last 10 days, according to various share statistics. A total of 290.82M shares are outstanding, with a floating share count of 206.59M. Insiders hold about 29.89% of the company’s shares, while institutions hold 33.29% stake in the company. Shares short for ABCL as of 1727654400 were 17061423 with a Short Ratio of 9.83, compared to 1724976000 on 17551585. Therefore, it implies a Short% of Shares Outstanding of 17061423 and a Short% of Float of 7.5200000000000005.
