Absci Corporation (NASDAQ:ABSI) currently has a daily average trading volume of 454.75K but it saw 1475784 shares traded on Thursday. With a market cap of 126.37M USD, stock’s current market price of $1.61 came falling about -0.62 while comparing to the previous closing price of $1.62. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.04 and as low as $1.13. In the recent trading on the day, stock has struck highest price mark of $1.96 while lowest mark touched by it was $1.57.
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Taking a look at 20-day trading activity of Absci Corporation (ABSI) gives us an average price of $1.3655, while its current price level is -77.13% below from 52-week high level whereas it is 42.48% 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 $1.5619 while that of 200 days or SMA-200 reads an average of $2.6116. A closer look into the stock’s movement over the week reveals that its volatility is standing at 21.24% during that period while stretching the period over a month that decreases to 13.43%. 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 55.65 which implies that the stock is in neutral territory.
Absci Corporation (ABSI)’s stock is currently under the radar of 8 analysts who are in consensus at a 12-month price target range of between $2.40 and $14.00 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 $2.40 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $14.00. Average price target assigned by them is $7.73 which highlights an upside potential of 79.17% for the stock over that period. And to attain the median price target of $7.00 assigned by those analysts, stock has to add about 77.0% of value to its current levels.
Data by FactSet Research shows that 8 analysts have issued their ratings for the stock. 1 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 5 analysts suggested the investors to Buy the stock while 1 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, ABSI’s stock price is moving 36.44% up while it is 11.03% when we observe its performance for the past one month. Year-to-date it is -23.33% down and over the past year, the stock is showing a downside performance of -53.47%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.26 beaten by the consensus estimate of -$0.24 for the same. The company is expected to be releasing its next quarterly report in 09/05/2023, for which analysts forecasted an EPS of -$0.24 while estimate for next year EPS is -$0.95. For ABSI, analysts are forecasting an EPS-growth rate of 17.40% for current year and estimate for EPS growth in next year is 25.30%. In next quarter, company is expected to be making quarterly sales of $3.31 million as analysts are expecting the sales for current fiscal year at $12.26 million and seeing the company making $25.11 million in sales next year. Moreover, analysts are in estimates of $2.67 million for current-quarter revenue.
Currently, Absci Corporation’s total number of outstanding shares is 91.48M with 32.01% of that held by the insiders while 43.79% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -36.90% and return on equity (ROE) at -34.70%. Stock has a price to book (P/B) ratio of 0.58 while price to sale or P/S ratio amounts to 20.38. Its return on asset (ROA) is -29.90% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Fidelity Growth Company Fund came shrinking its share ownership by -1.31% in the Absci Corporation (ABSI) decreasing its stake to 4.34% with control over 53222.0 shares in the company. In the most recent quarter, Fidelity Growth Company K6 Fund came rising its stake by 3.89% in the company and now holds 1.36 million or 1.47% of the company’s stake having worth of about 1.79 million.
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