Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
In the latest session, Absci Corp (NASDAQ: ABSI) closed at $4.91 up 13.39% from its previous closing price of $4.33. In other words, the price has increased by $13.39 from its previous closing price. On the day, 5.98 million shares were traded. ABSI stock price reached its highest trading level at $4.91 during the session, while it also had its lowest trading level at $4.18.
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. 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 563942912 and an Enterprise Value of 448862784. For the stock, the TTM Price-to-Sale (P/S) ratio is 133.95 while its Price-to-Book (P/B) ratio in mrq is 2.78. Its current Enterprise Value per Revenue stands at 106.694 whereas that against EBITDA is -5.003.
Stock Price History:
The Beta on a monthly basis for ABSI is 2.12, which has changed by -0.07872343 over the last 52 weeks, in comparison to a change of 0.21313763 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 43.03%, while the 200-Day Moving Average is calculated to be 27.03%.
Shares Statistics:
For the past three months, ABSI has traded an average of 4.36M shares per day and 4949620 over the past ten days. A total of 114.19M shares are outstanding, with a floating share count of 91.85M. Insiders hold about 20.03% of the company’s shares, while institutions hold 65.54% stake in the company. Shares short for ABSI as of 1738281600 were 18945391 with a Short Ratio of 4.88, compared to 1735603200 on 15490131. Therefore, it implies a Short% of Shares Outstanding of 18945391 and a Short% of Float of 24.299999.
