Ratios Reveal: Breaking Down Absci Corp (ABSI)’s Financial Health

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Absci Corp (NASDAQ: ABSI) closed the day trading at $3.02 up 3.42% from the previous closing price of $2.92. In other words, the price has increased by $3.42 from its previous closing price. On the day, 4.6 million shares were traded. ABSI stock price reached its highest trading level at $3.02 during the session, while it also had its lowest trading level at $2.86.

Ratios:

For a better understanding of ABSI, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 7.19 and its Current Ratio is at 7.19. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.04.

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 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 341513664 and an Enterprise Value of 194213680. For the stock, the TTM Price-to-Sale (P/S) ratio is 63.83 while its Price-to-Book (P/B) ratio in mrq is 1.42. Its current Enterprise Value per Revenue stands at 36.322 whereas that against EBITDA is -2.465.

Stock Price History:

The Beta on a monthly basis for ABSI is 2.18, which has changed by 0.77647054 over the last 52 weeks, in comparison to a change of 0.26238096 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 $1.11. The 50-Day Moving Average of the stock is -35.54%, while the 200-Day Moving Average is calculated to be -13.06%.

Shares Statistics:

Over the past 3-months, ABSI traded about 1.23M shares per day on average, while over the past 10 days, ABSI traded about 2179530 shares per day. A total of 93.09M shares are outstanding, with a floating share count of 91.15M. Insiders hold about 19.39% of the company’s shares, while institutions hold 52.41% stake in the company. Shares short for ABSI as of 1715731200 were 7723986 with a Short Ratio of 5.94, compared to 1713139200 on 8628052. Therefore, it implies a Short% of Shares Outstanding of 7723986 and a Short% of Float of 10.14.

Earnings Estimates

The dynamic stock of Absci Corp (ABSI) is currently being evaluated by a team of 5.0 analysts, each contributing to its current rating.On average, analysts expect EPS of -$0.2 for the current quarter, with a high estimate of -$0.17 and a low estimate of -$0.24, while EPS last year was -$0.45. The consensus estimate for the next quarter is -$0.2, with high estimates of -$0.17 and low estimates of -$0.23.

Analysts are recommending an EPS of between -$0.73 and -$0.93 for the fiscal current year, implying an average EPS of -$0.83. EPS for the following year is -$0.72, with 5.0 analysts recommending between -$0.35 and -$0.94.

Revenue Estimates

6 analysts predict $1.91M in revenue for the current quarter. It ranges from a high estimate of $3M to a low estimate of $1M. As of the current estimate, Absci Corp’s year-ago sales were $3.37MFor the next quarter, 6 analysts are estimating revenue of $1.76M. There is a high estimate of $2.87M for the next quarter, whereas the lowest estimate is $1M.

A total of 6 analysts have provided revenue estimates for ABSI’s current fiscal year. The highest revenue estimate was $8.45M, while the lowest revenue estimate was $4M, resulting in an average revenue estimate of $6.66M. In the same quarter a year ago, actual revenue was $5.72MBased on 6 analysts’ estimates, the company’s revenue will be $20.86M in the next fiscal year. The high estimate is $53.85M and the low estimate is $8M.

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