Abcam plc (NASDAQ:ABCM) currently has a daily average trading volume of 746.25K but it saw 810569 shares traded on Wednesday. With a market cap of 3.47B USD, stock’s current market price of $16.80 came rising about 1.82 while comparing to the previous closing price of $16.50. In past 52 weeks, the stock remained buoying in the range of price level as high as $18.38 and as low as $12.48. In the recent trading on the day, stock has struck highest price mark of $16.94 while lowest mark touched by it was $16.055.
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Taking a look at 20-day trading activity of Abcam plc (ABCM) gives us an average price of $17.15, while its current price level is -8.60% below from 52-week high level whereas it is 34.62% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $15.29 while that of 200 days or SMA-200 reads an average of $15.38. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.13% during that period while stretching the period over a month that increases to 4.37%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 53.69 which implies that the stock is in neutral territory.
Abcam plc (ABCM)’s stock is currently under the radar of 7 analysts who are in consensus at a 12-month price target range of between $13.87 and $19.89 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $13.87 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $19.89. Average price target assigned by them is $16.02 which highlights a downside potential of -4.87% for the stock over that period. And to attain the median price target of $14.99 assigned by those analysts, stock has to subtract about -12.07% of value to its current levels.
Data by FactSet Research shows that 7 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 3 analysts suggested the investors to Buy the stock while 4 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, ABCM’s stock price is moving -2.38% down while it is 8.25% when we observe its performance for the past one month. Year-to-date it is 7.97% up and over the past year, the stock is showing an upside performance of 12.90%.
The company is expected to be releasing its next quarterly report in 09/11/2023, for which analysts forecasted an EPS of $0 while estimate for next year EPS is $0.
Currently, Abcam plc’s total number of outstanding shares is 228.80M with 6.55% of that held by the insiders while 80.73% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -0.30% and return on equity (ROE) at -1.20%. Stock has a price to book (P/B) ratio of 4.26 while price to sale or P/S ratio amounts to 7.73. Its return on asset (ROA) is -0.90% on average.
A filing at the U.S. Securities and Exchange Commission revealed that T Rowe Price New Horizons Fund came shrinking its share ownership by 1,394.38% in the Abcam plc (ABCM) increasing its stake to 3.83% with control over 8.18 million shares in the company. As per SEC documents, T Rowe Price New Horizons Fund sought 8,771,174 of company’s common stock of worth $142.88 million as per recent closing price of the stock. T Rowe Price New Horizons Fund is not the only institutional holder which restructured its stake in Abcam plc, as Vanguard Health Care Fund picked 7,161,997 shares of worth $116.67 million to bring its holdings to a total of 1.28 million shares.
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