Absci Corp [NASDAQ: ABSI] price plunged by -1.78 percent to reach at $3049997.19.
A sum of 4168695 shares traded at recent session while its average daily volume was at 3.05M shares. Absci Corp shares reached a high of $2.85 and dropped to a low of $2.67 until finishing in the latest session at $3050000.0.
The one-year ABSI stock forecast points to a potential downside of -33442882.46. The average equity rating for ABSI stock is currently 1.00, trading closer to a bullish pattern in the stock market.
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 $9.12 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 Price to Book ratio for the last quarter was 1.77, with the Price to Cash per share for the same quarter was set at 1.18.
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 1.85. With this latest performance, ABSI shares gained by 3.76% in over the last four-week period, additionally sinking by -5.48% over the last 6 months – not to mention a rise of 5.34% in the past year of trading.
Insight into Absci Corp Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Absci Corp [ABSI] shares currently have an operating margin of -2349.30% and a Gross Margin at -170.92%. Absci Corp’s Net Margin is presently recorded at -2232.13%.
Return on Equity for this stock declined to -42.37%, with Return on Assets sitting at -42.37%.
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 3.62%.
Absci Corp [ABSI] Institutonal Ownership Details
There are presently around $66.89%, or 75.00% 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 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%.
