At the time of writing, Abacus Global Management Inc [ABL] stock is trading at $8.15, up 1.62%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ABL shares have gain 14.31% over the last week, with a monthly amount glided 4.89%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Abacus Global Management Inc [NASDAQ: ABL] stock has seen the most recent analyst activity on October 24, 2024, when Northland Capital initiated its Outperform rating and assigned the stock a price target of $13.50. Previously, TD Cowen started tracking the stock with Buy rating on August 07, 2024, and set its price target to $14. On June 26, 2024, Piper Sandler initiated with a Overweight rating and assigned a price target of $12 on the stock. B. Riley Securities started tracking the stock assigning a Buy rating and suggested a price target of $16 on May 31, 2024.
For the past year, the stock price of Abacus Global Management Inc fluctuated between $6.34 and $12.45. Currently, Wall Street analysts expect the stock to reach $13.5 within the next 12 months. Abacus Global Management Inc [NASDAQ: ABL] shares were valued at $8.15 at the most recent close of the market. An investor can expect a potential return of 65.64% based on the average ABL price forecast.
Analyzing the ABL fundamentals
According to Abacus Global Management Inc [NASDAQ:ABL], the company’s sales were 114.26M for trailing twelve months, which represents an 46.43% jump. Gross Profit Margin for this corporation currently stands at 0.88% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at -0.17%, and Net Profit Margin reading is -0.21%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.09 and Total Capital is -0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.91.
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 8.04 points at the first support level, and at 7.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.28, and for the 2nd resistance point, it is at 8.40.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 6.91, the price to book ratio is 1.84.
Transactions by insiders
Recent insider trading involved McNealy Sean, Co-Founder and President, that happened on Dec 20 ’24 when 75800.0 shares were sold. Co-Founder and President, Ganovsky Matthew completed a deal on Dec 20 ’24 to sell 75800.0 shares. Meanwhile, Co-Founder and President Kirby Kevin Scott sold 75800.0 shares on Dec 20 ’24.
