Absci Corp [NASDAQ: ABSI] stock went on a downward path that fall over -0.52% on Tuesday, amounting to a one-week price increase of more than 33.72%.
Over the last 12 months, ABSI stock rose by 23.19%. The one-year Absci Corp stock forecast points to a potential upside of 31.24. The average equity rating for ABSI stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $665.01 million, with 114.19 million shares outstanding and 91.30 million shares in the current float. Compared to the average trading volume of 4.62M shares, ABSI stock reached a trading volume of 9524858 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $8.42 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 1.00. 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.
Needham have made an estimate for Absci Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 22, 2025. While these analysts kept the previous recommendation, Guggenheim raised their target price to Buy. The new note on the price target was released on October 02, 2024, representing the official price target for Absci Corp stock. Previously, the target price had yet another raise to $7, while Morgan Stanley analysts kept a Overweight rating on ABSI stock.
The Average True Range (ATR) for Absci Corp is set at 0.48, with the Price to Sales ratio for ABSI stock in the period of the last 12 months amounting to 157.96. The Price to Book ratio for the last quarter was 3.28, with the Price to Cash per share for the same quarter was set at 1.24.
ABSI Stock Performance Analysis:
Absci Corp [ABSI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 33.72. With this latest performance, ABSI shares gained by 106.79% in over the last four-week period, additionally plugging by 39.86% over the last 6 months – not to mention a rise of 23.19% 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 75.50, with the RSI for the last a single of trading hit 80.49, and the three-weeks RSI is set at 71.01 for Absci Corp [ABSI]. The present Moving Average for the last 50 days of trading for this stock 3.62, while it was recorded at 5.30 for the last single week of trading, and 3.88 for the last 200 days.
Insight into Absci Corp 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.
ABSI Stock EPS
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 19.60%.
Absci Corp [ABSI] Institutonal Ownership Details
The top three institutional holders of ABSI stocks are: FMR LLC with ownership of 12.58 million shares, which is approximately 11.1398%. 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 6.4257%.
