Absci Corp [ABSI] stock is trading at $3.05, down -0.65%. 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 4.45% over the last week, with a monthly amount drifted -28.57%, 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 $3.05 at the most recent close of the market. An investor can expect a potential return of 96.72% based on the average ABSI price forecast.
Analyzing the ABSI fundamentals
Absci Corp [NASDAQ:ABSI] reported sales of 5.35M for the trailing twelve months, which represents a drop of -29.24%. Gross Profit Margin for this corporation currently stands at -1.6% with Operating Profit Margin at -21.33%, Pretax Profit Margin comes in at -20.4%, and Net Profit Margin reading is -20.42%. To continue investigating profitability, this company’s Return on Assets is posted at -0.4, Equity is -0.53 and Total Capital is -0.46. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.04.
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 2.96 points at the first support level, and at 2.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.17, and for the 2nd resistance point, it is at 3.29.
Ratios To Look Out For
For context, Absci Corp’s Current Ratio is 7.19. Further, the Quick Ratio stands at 7.19, while the Cash Ratio is 2.97. Considering the valuation of this stock, the price to sales ratio is 64.47, the price to book ratio is 1.44.
Transactions by insiders
Recent insider trading involved Jonasson Zachariah, CFO / CBO, that happened on Jun 13 ’24 when 19859.0 shares were sold. 10% Owner, Phoenix Venture Partners II LP completed a deal on May 22 ’24 to sell 3.1 million shares. Meanwhile, Director Redmile Group, LLC bought 0.22 million shares on Mar 01 ’24.
