Absci Corp [ABSI] stock is trading at $4.78, up 4.37%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ABSI shares have gain 5.99% over the last week, with a monthly amount drifted -15.85%, and not seem to be holding up well over a long-time horizon.
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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 [ABSI] stock has fluctuated between $1.11 and $6.72 over the past year. Currently, Wall Street analysts expect the stock to reach $6 within the next 12 months. Absci Corp [NASDAQ: ABSI] shares were valued at $4.78 at the most recent close of the market. An investor can expect a potential return of 25.52% based on the average ABSI price forecast.
Analyzing the ABSI fundamentals
Absci Corp [NASDAQ:ABSI] reported sales of 5.72M for the trailing twelve months, which represents a drop of -78.29%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.06.
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 4.65 points at the first support level, and at 4.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.90, and for the 2nd resistance point, it is at 5.01.
Absci Corp [ABSI] reported earnings per share of -$0.25 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.25/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were -$0.24 per share as compared to estimates of -$0.23 per share, a difference of -$0.01 representing a surprise of -4.30%.
Ratios To Look Out For
For context, Absci Corp’s Current Ratio is 4.08. Further, the Quick Ratio stands at 4.08, while the Cash Ratio is 3.0. Considering the valuation of this stock, the price to sales ratio is 94.50, the price to book ratio is 2.53.
Transactions by insiders
Recent insider trading involved Redmile Group, LLC, Director, that happened on Mar 01 ’24 when 0.22 million shares were purchased.
