Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
The closing price of AbCellera Biologics Inc (NASDAQ: ABCL) was $2.35 for the day, down -7.48% from the previous closing price of $2.54. In other words, the price has decreased by -$7.48 from its previous closing price. On the day, 3.36 million shares were traded. ABCL stock price reached its highest trading level at $2.52 during the session, while it also had its lowest trading level at $2.34.
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 9.81 and its Current Ratio is at 9.81. 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 756888000 and an Enterprise Value of 140021024. For the stock, the TTM Price-to-Sale (P/S) ratio is 24.29 while its Price-to-Book (P/B) ratio in mrq is 0.66. Its current Enterprise Value per Revenue stands at 4.856 whereas that against EBITDA is -0.625.
Stock Price History:
The Beta on a monthly basis for ABCL is 0.43, which has changed by -0.5031712 over the last 52 weeks, in comparison to a change of 0.07465422 over the same period for the S&P500. Over the past 52 weeks, ABCL has reached a high of $4.83, while it has fallen to a 52-week low of $2.11. The 50-Day Moving Average of the stock is -20.28%, while the 200-Day Moving Average is calculated to be -18.37%.
Shares Statistics:
ABCL traded an average of 4.03M shares per day over the past three months and 4282330 shares per day over the past ten days. A total of 295.76M shares are outstanding, with a floating share count of 223.58M. Insiders hold about 24.97% of the company’s shares, while institutions hold 37.06% stake in the company. Shares short for ABCL as of 1740700800 were 19899185 with a Short Ratio of 4.94, compared to 1738281600 on 18429713. Therefore, it implies a Short% of Shares Outstanding of 19899185 and a Short% of Float of 8.649999999999999.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
