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The closing price of AbCellera Biologics Inc (NASDAQ: ABCL) was $2.86 for the day, up 1.78% from the previous closing price of $2.81. In other words, the price has increased by $1.78 from its previous closing price. On the day, 2.93 million shares were traded. ABCL stock price reached its highest trading level at $3.0 during the session, while it also had its lowest trading level at $2.79.
Ratios:
Our analysis of ABCL’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 9.34 and its Current Ratio is at 9.34. In the meantime, Its Debt-to-Equity ratio is 0.07 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 844746752 and an Enterprise Value of 273007552. For the stock, the TTM Price-to-Sale (P/S) ratio is 24.41 while its Price-to-Book (P/B) ratio in mrq is 0.78. Its current Enterprise Value per Revenue stands at 8.282 whereas that against EBITDA is -1.228.
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 2.49%, while the 200-Day Moving Average is calculated to be -12.66%.
Shares Statistics:
ABCL traded an average of 2.21M shares per day over the past three months and 2547260 shares per day over the past ten days. A total of 295.16M shares are outstanding, with a floating share count of 221.93M. Insiders hold about 24.86% of the company’s shares, while institutions hold 34.59% stake in the company. Shares short for ABCL as of 1732838400 were 16252124 with a Short Ratio of 7.35, compared to 1730332800 on 16641378. Therefore, it implies a Short% of Shares Outstanding of 16252124 and a Short% of Float of 7.140000000000001.
