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The price of AbCellera Biologics Inc (NASDAQ: ABCL) closed at $2.50 in the last session, up 0.81% from day before closing price of $2.48. In other words, the price has increased by $0.81 from its previous closing price. On the day, 1.08 million shares were traded. ABCL stock price reached its highest trading level at $2.5499 during the session, while it also had its lowest trading level at $2.445.
Ratios:
We take a closer look at ABCL’s different ratios to gain a better understanding of the stock. 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 736664960 and an Enterprise Value of 138361824. For the stock, the TTM Price-to-Sale (P/S) ratio is 22.28 while its Price-to-Book (P/B) ratio in mrq is 0.66. Its current Enterprise Value per Revenue stands at 4.186 whereas that against EBITDA is -0.645.
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 -6.78%, while the 200-Day Moving Average is calculated to be -36.35%.
Shares Statistics:
According to the various share statistics, ABCL traded on average about 1.80M shares per day over the past 3-months and 1513530 shares per day over the past 10 days. 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 36.33% stake in the company. Shares short for ABCL as of 1726185600 were 16835591 with a Short Ratio of 9.33, compared to 1723680000 on 18168144. Therefore, it implies a Short% of Shares Outstanding of 16835591 and a Short% of Float of 7.4200004.
