In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
Abacus Global Management Inc (NASDAQ: ABL) closed the day trading at $6.05 up 5.77% from the previous closing price of $5.72. In other words, the price has increased by $5.77 from its previous closing price. On the day, 3.43 million shares were traded.
Ratios:
For a better understanding of ABL, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.47 and its Current Ratio is at 0.47. In the meantime, Its Debt-to-Equity ratio is 0.83 whereas as Long-Term Debt/Eq ratio is at 0.56.
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, Maxim Group on April 29, 2025, initiated with a Buy rating and assigned the stock a target price of $14.
On October 24, 2024, Northland Capital started tracking the stock assigning a Outperform rating and target price of $13.50.
On August 07, 2024, TD Cowen started tracking the stock assigning a Buy rating and target price of $14.TD Cowen initiated its Buy rating on August 07, 2024, with a $14 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 04 ’25 when McNealy Sean bought 86,207 shares for $5.77 per share. The transaction valued at 497,759 led to the insider holds 12,455,707 shares of the business.
Kirby Kevin Scott bought 86,207 shares of ABL for $497,759 on Jun 04 ’25. The Co-Founder and President now owns 12,447,415 shares after completing the transaction at $5.77 per share. On Jun 04 ’25, another insider, McCauley William Hugh JR, who serves as the Chief Financial Officer of the company, bought 33,000 shares for $5.82 each. As a result, the insider paid 192,156 and bolstered with 87,000 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 4.22 while its Price-to-Book (P/B) ratio in mrq is 1.35.
Stock Price History:
Over the past 52 weeks, ABL has reached a high of $12.39, while it has fallen to a 52-week low of $5.10. The 50-Day Moving Average of the stock is -23.53%, while the 200-Day Moving Average is calculated to be -27.64%.
Shares Statistics:
A total of 95.80M shares are outstanding, with a floating share count of 34.11M. Insiders hold about 64.32% of the company’s shares, while institutions hold 28.82% stake in the company.
