A share price of Absci Corp [ABSI] is currently trading at $6.59, up 16.76%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ABSI shares have gain 28.11% over the last week, with a monthly amount glided 31.18%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Absci Corp [NASDAQ: ABSI] stock has seen the most recent analyst activity on March 14, 2024, when Scotiabank initiated its Sector Outperform rating and assigned the stock a price target of $13. Previously, KeyBanc Capital Markets started tracking the stock with Overweight rating on December 05, 2023, and set its price target to $3. On May 04, 2023, H.C. Wainwright initiated with a Buy rating and assigned a price target of $4 on the stock. JP Morgan downgraded its rating to a Underweight. Truist initiated its recommendation with a Buy and recommended $8 as its price target on July 18, 2022. In a note dated February 01, 2022, Berenberg initiated an Buy rating and provided a target price of $28 on this stock.
Absci Corp experienced fluctuations in its stock price throughout the past year between $1.11 and $6.40. Currently, Wall Street analysts expect the stock to reach $6 within the next 12 months. Absci Corp [NASDAQ: ABSI] shares were valued at $6.59 at the most recent close of the market. An investor can expect a potential drop of -8.95% based on the average ABSI price forecast.
Analyzing the ABSI fundamentals
Trailing Twelve Months sales for Absci Corp [NASDAQ:ABSI] were 5.72M which represents -78.29% decline. Gross Profit Margin for this corporation currently stands at -1.45% with Operating Profit Margin at -20.11%, Pretax Profit Margin comes in at -19.32%, and Net Profit Margin reading is -19.34%. To continue investigating profitability, this company’s Return on Assets is posted at -0.47, Equity is -0.53 and Total Capital is -0.56. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.06.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.89 points at the first support level, and at 5.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.00, and for the 2nd resistance point, it is at 7.42.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Absci Corp [NASDAQ:ABSI] is 4.08. As well, the Quick Ratio is 4.08, while the Cash Ratio is 3.0. Considering the valuation of this stock, the price to sales ratio is 129.84, the price to book ratio is 3.48.
Transactions by insiders
Recent insider trading involved Redmile Group, LLC, Director, that happened on Mar 01 ’24 when 0.22 million shares were purchased.
