Ratios Uncovered: Breaking Down Absci Corp (ABSI)’s Trailing Twelve Months Metrics

Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The price of Absci Corp (NASDAQ: ABSI) closed at $3.98 in the last session, down -8.92% from day before closing price of $4.37. In other words, the price has decreased by -$8.92 from its previous closing price. On the day, 1.76 million shares were traded. ABSI stock price reached its highest trading level at $4.37 during the session, while it also had its lowest trading level at $3.92.

Ratios:

We take a closer look at ABSI’s different ratios to gain a better understanding of the stock. 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:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 450074336 and an Enterprise Value of 302774016. For the stock, the TTM Price-to-Sale (P/S) ratio is 84.12 while its Price-to-Book (P/B) ratio in mrq is 1.87. Its current Enterprise Value per Revenue stands at 56.625 whereas that against EBITDA is -3.843.

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 $1.11. The 50-Day Moving Average of the stock is -18.45%, while the 200-Day Moving Average is calculated to be 15.65%.

Shares Statistics:

According to the various share statistics, ABSI traded on average about 1.13M shares per day over the past 3-months and 1272880 shares per day over the past 10 days. A total of 93.09M shares are outstanding, with a floating share count of 91.58M. Insiders hold about 19.02% 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 6.47, compared to 1713139200 on 8628052. Therefore, it implies a Short% of Shares Outstanding of 7723986 and a Short% of Float of 10.14.

Most Popular