Absci Corp [NASDAQ: ABSI] traded at a low on Thursday, posting a -3.98 loss after which it closed the day’ session at $3.02.
The results of the trading session contributed to over 3283022 shares changing hands. Over the past one week, the price volatility of Absci Corp stands at 11.30% while the volatility over the past one month is 6.70%.
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The market cap for ABSI stock reached $346.29 million, with 93.09 million shares outstanding and 90.29 million shares in the current float. Compared to the average trading volume of 958.74K shares, ABSI reached a trading volume of 3283022 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Absci Corp [ABSI]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ABSI shares is $8.29 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ABSI stock is a recommendation set at 1.25. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Guggenheim have made an estimate for Absci Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 02, 2024. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Overweight. The new note on the price target was released on July 03, 2024, representing the official price target for Absci Corp stock. Previously, the target price had yet another raise to $13, while Scotiabank analysts kept a Sector Outperform rating on ABSI stock.
The Average True Range (ATR) for Absci Corp is set at 0.29, with the Price to Sales ratio for ABSI stock in the period of the last 12 months amounting to 82.25. The Price to Book ratio for the last quarter was 1.71, with the Price to Cash per share for the same quarter was set at 1.24.
How has ABSI stock performed recently?
Absci Corp [ABSI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -25.19. With this latest performance, ABSI shares dropped by -27.00% in over the last four-week period, additionally sinking by -36.39% over the last 6 months – not to mention a rise of 115.36% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ABSI stock in for the last two-week period is set at 30.30, with the RSI for the last a single of trading hit 24.28, and the three-weeks RSI is set at 34.86 for Absci Corp [ABSI]. The present Moving Average for the last 50 days of trading for this stock 3.94, while it was recorded at 3.63 for the last single week of trading, and 4.36 for the last 200 days.
Absci Corp [ABSI]: Deeper insight into the fundamentals
Absci Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.63 and a Current Ratio set at 5.63.
Earnings analysis for Absci Corp [ABSI]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ABSI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Absci Corp go to 23.30%.
Insider trade positions for Absci Corp [ABSI]
There are presently around $63.47%, or 79.42%% of ABSI stock, in the hands of institutional investors. The top three institutional holders of ABSI stocks are: FMR LLC with ownership of 12.58 million shares, which is approximately 12.6574%. REDMILE GROUP, LLC, holding 8.25 million shares of the stock with an approximate value of $$25.42 million in ABSI stocks shares; and REDMILE GROUP, LLC, currently with $$22.35 million in ABSI stock with ownership which is approximately 7.3011%.
