Trading Day Review: Absci Corp (ABSI) Gains Momentum, Closing at 3.64

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The price of Absci Corp (NASDAQ: ABSI) closed at $3.64 in the last session, up 10.30% from day before closing price of $3.30. In other words, the price has increased by $10.30 from its previous closing price. On the day, 2.16 million shares were traded. ABSI stock price reached its highest trading level at $3.68 during the session, while it also had its lowest trading level at $3.2622.


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, Morgan Stanley on July 03, 2024, initiated with a Overweight rating and assigned the stock a target price of $7.

On March 14, 2024, Scotiabank started tracking the stock assigning a Sector Outperform rating and target price of $13.

On December 05, 2023, KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and target price of $3.KeyBanc Capital Markets initiated its Overweight rating on December 05, 2023, with a $3 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 411625760 and an Enterprise Value of 264325552. For the stock, the TTM Price-to-Sale (P/S) ratio is 76.94 while its Price-to-Book (P/B) ratio in mrq is 1.71. Its current Enterprise Value per Revenue stands at 49.434 whereas that against EBITDA is -3.355.

Stock Price History:

The Beta on a monthly basis for ABSI is 2.21, which has changed by 0.9361702 over the last 52 weeks, in comparison to a change of 0.24704397 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 -13.54%, while the 200-Day Moving Average is calculated to be 2.44%.

Shares Statistics:

According to the various share statistics, ABSI traded on average about 1.50M shares per day over the past 3-months and 2618230 shares per day over the past 10 days. 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 1718323200 were 6936721 with a Short Ratio of 4.64, compared to 1715731200 on 7723986. Therefore, it implies a Short% of Shares Outstanding of 6936721 and a Short% of Float of 9.11.

Earnings Estimates

The market rating of Absci Corp (ABSI) is currently shaped by the ongoing analysis conducted by 6.0 analysts closely monitoring its performance.On average, analysts expect EPS of -$0.19 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 -$0.81. EPS for the following year is -$0.69, with 6.0 analysts recommending between -$0.35 and -$0.94.

Revenue Estimates

According to 6 analysts, the current quarter’s revenue is expected to be $1.91M. 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 7 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 $6.73M. In the same quarter a year ago, actual revenue was $5.72MBased on 7 analysts’ estimates, the company’s revenue will be $20.29M in the next fiscal year. The high estimate is $53.85M and the low estimate is $8M.

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