At the time of writing, Absci Corp [ABSI] stock is trading at $4.00, down -4.08%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ABSI shares have gain 42.86% over the last week, with a monthly amount glided 33.78%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Absci Corp [NASDAQ: ABSI] stock has seen the most recent analyst activity on January 22, 2025, when Needham initiated its Buy rating and assigned the stock a price target of $9. Previously, Guggenheim started tracking the stock with Buy rating on October 02, 2024, and set its price target to $10. On July 03, 2024, Morgan Stanley initiated with a Overweight rating and assigned a price target of $7 on the stock. Scotiabank started tracking the stock assigning a Sector Outperform rating and suggested a price target of $13 on March 14, 2024. KeyBanc Capital Markets initiated its recommendation with a Overweight and recommended $3 as its price target on December 05, 2023. H.C. Wainwright started tracking with a Buy rating for this stock on May 04, 2023, and assigned it a price target of $4. In a note dated August 12, 2022, JP Morgan downgraded an Underweight rating on this stock.
For the past year, the stock price of Absci Corp fluctuated between $2.45 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 $4.00 at the most recent close of the market. An investor can expect a potential return of 50.0% based on the average ABSI price forecast.
Analyzing the ABSI fundamentals
According to Absci Corp [NASDAQ:ABSI], the company’s sales were 4.21M for trailing twelve months, which represents an 128.63% jump. Gross Profit Margin for this corporation currently stands at -1.44% with Operating Profit Margin at -24.57%, Pretax Profit Margin comes in at -23.19%, and Net Profit Margin reading is -23.22%. To continue investigating profitability, this company’s Return on Assets is posted at -0.42, Equity is -0.47 and Total Capital is -0.5. 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 3.84 points at the first support level, and at 3.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.23, and for the 2nd resistance point, it is at 4.47.
Ratios To Look Out For
It is important to note that Absci Corp [NASDAQ:ABSI] has a current ratio of 5.63. Also, the Quick Ratio is 5.63, while the Cash Ratio stands at 1.43. Considering the valuation of this stock, the price to sales ratio is 109.13, the price to book ratio is 2.27.
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.
