At the time of writing, AbCellera Biologics Inc [ABCL] stock is trading at $2.50, up 0.40%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ABCL shares have gain 0.81% over the last week, with a monthly amount drifted -7.06%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
AbCellera Biologics Inc [NASDAQ: ABCL] stock has seen the most recent analyst activity on August 20, 2024, when The Benchmark Company downgraded its rating to a Hold. Previously, The Benchmark Company upgraded its rating to Buy on February 22, 2024, and kept the price target unchanged to $9. On December 05, 2023, KeyBanc Capital Markets initiated with a Overweight rating and assigned a price target of $6 on the stock. The Benchmark Company downgraded its rating to a Hold. In a note dated December 15, 2022, Goldman initiated an Buy rating and provided a target price of $30 on this stock.
For the past year, the stock price of AbCellera Biologics Inc fluctuated between $2.34 and $6.05. Currently, Wall Street analysts expect the stock to reach $23.2 within the next 12 months. AbCellera Biologics Inc [NASDAQ: ABCL] shares were valued at $2.50 at the most recent close of the market. An investor can expect a potential return of 828.0% based on the average ABCL price forecast.
Analyzing the ABCL fundamentals
According to AbCellera Biologics Inc [NASDAQ:ABCL], the company’s sales were 33.06M for trailing twelve months, which represents an -27.18% plunge. Gross Profit Margin for this corporation currently stands at -0.86% with Operating Profit Margin at -8.15%, Pretax Profit Margin comes in at -5.41%, and Net Profit Margin reading is -4.64%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.13 and Total Capital is -0.2. 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 2.43 points at the first support level, and at 2.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.55, and for the 2nd resistance point, it is at 2.60.
Ratios To Look Out For
It is important to note that AbCellera Biologics Inc [NASDAQ:ABCL] has a current ratio of 10.96. As well, the Quick Ratio is 10.96, while the Cash Ratio is 2.46. Considering the valuation of this stock, the price to sales ratio is 22.28, the price to book ratio is 0.66.
