At the time of writing, Absci Corp [ABSI] stock is trading at $3.30, up 4.10%. An important factor to consider is whether the stock is rising or falling in short-term value. The ABSI shares have gain 7.14% 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 July 03, 2024, when Morgan Stanley initiated its Overweight rating and assigned the stock a price target of $7. Previously, Scotiabank started tracking the stock with Sector Outperform rating on March 14, 2024, and set its price target to $13. On December 05, 2023, KeyBanc Capital Markets initiated with a Overweight rating and assigned a price target of $3 on the stock. H.C. Wainwright started tracking the stock assigning a Buy rating and suggested a price target of $4 on May 04, 2023. JP Morgan downgraded its rating to a Underweight. Truist started tracking with a Buy rating for this stock on July 18, 2022, and assigned it a price target of $8.
For the past year, the stock price of Absci Corp fluctuated between $1.11 and $6.72. Currently, Wall Street analysts expect the stock to reach $6 within the next 12 months. Absci Corp [NASDAQ: ABSI] shares were valued at $3.30 at the most recent close of the market. An investor can expect a potential return of 81.82% based on the average ABSI price forecast.
Analyzing the ABSI fundamentals
According to Absci Corp [NASDAQ:ABSI], the company’s sales were 5.35M for trailing twelve months, which represents an -29.24% plunge. 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 3.12 points at the first support level, and at 2.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.59, and for the 2nd resistance point, it is at 3.88.
Ratios To Look Out For
It is important to note that Absci Corp [NASDAQ:ABSI] has a current ratio of 7.19. On the other hand, the Quick Ratio is 7.19, and the Cash Ratio is 2.97. Considering the valuation of this stock, the price to sales ratio is 69.75, the price to book ratio is 1.55.
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.
