The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
The closing price of Absci Corp (NASDAQ: ABSI) was $3.12 for the day, up 0.97% from the previous closing price of $3.09. In other words, the price has increased by $0.97 from its previous closing price. On the day, 3.25 million shares were traded. ABSI stock price reached its highest trading level at $3.298 during the session, while it also had its lowest trading level at $2.99.
Ratios:
Our analysis of ABSI’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 4.67 and its Current Ratio is at 4.67. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.03.
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, Needham on January 22, 2025, initiated with a Buy rating and assigned the stock a target price of $9.
On October 02, 2024, Guggenheim started tracking the stock assigning a Buy rating and target price of $10.
On July 03, 2024, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $7.Morgan Stanley initiated its Overweight rating on July 03, 2024, with a $7 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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.
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 397341344 and an Enterprise Value of 294961728. For the stock, the TTM Price-to-Sale (P/S) ratio is 87.71 while its Price-to-Book (P/B) ratio in mrq is 2.01. Its current Enterprise Value per Revenue stands at 65.056 whereas that against EBITDA is -3.135.
Stock Price History:
The Beta on a monthly basis for ABSI is 2.10, which has changed by -0.41020793 over the last 52 weeks, in comparison to a change of 0.07455289 over the same period for the S&P500. Over the past 52 weeks, ABSI has reached a high of $6.33, while it has fallen to a 52-week low of $2.01. The 50-Day Moving Average of the stock is -12.22%, while the 200-Day Moving Average is calculated to be -14.67%.
Shares Statistics:
ABSI traded an average of 4.78M shares per day over the past three months and 3856210 shares per day over the past ten days. A total of 115.36M shares are outstanding, with a floating share count of 102.96M. Insiders hold about 19.15% of the company’s shares, while institutions hold 56.90% stake in the company. Shares short for ABSI as of 1743379200 were 20574174 with a Short Ratio of 4.30, compared to 1740700800 on 19064191. Therefore, it implies a Short% of Shares Outstanding of 20574174 and a Short% of Float of 22.75.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
