At the time of writing, Absci Corp [ABSI] stock is trading at $2.83, up 7.20%. An important factor to consider is whether the stock is rising or falling in short-term value. The ABSI shares have gain 9.27% over the last week, with a monthly amount drifted -6.60%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Needham started tracking the stock with Buy rating on January 22, 2025, and set its price target to $9. On October 02, 2024, Guggenheim initiated with a Buy rating and assigned a price target of $10 on the stock. Morgan Stanley started tracking the stock assigning a Overweight rating and suggested a price target of $7 on July 03, 2024. Scotiabank initiated its recommendation with a Sector Outperform and recommended $13 as its price target on March 14, 2024. KeyBanc Capital Markets started tracking with a Overweight rating for this stock on December 05, 2023, and assigned it a price target of $3. In a note dated May 04, 2023, H.C. Wainwright initiated an Buy rating and provided a target price of $4 on this stock.
For the past year, the stock price of Absci Corp fluctuated between $2.01 and $6.33. Currently, Wall Street analysts expect the stock to reach $6 within the next 12 months. Absci Corp [NASDAQ: ABSI] shares were valued at $2.83 at the most recent close of the market. An investor can expect a potential return of 112.01% based on the average ABSI price forecast.
Analyzing the ABSI fundamentals
According to Absci Corp [NASDAQ:ABSI], the company’s sales were 4.82M for trailing twelve months, which represents an 31.29% jump. Gross Profit Margin for this corporation currently stands at -1.74% with Operating Profit Margin at -23.48%, Pretax Profit Margin comes in at -29.54%, and Net Profit Margin reading is -29.56%. To continue investigating profitability, this company’s Return on Assets is posted at -0.46, Equity is -0.54 and Total Capital is -0.42. 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 2.69 points at the first support level, and at 2.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.95, and for the 2nd resistance point, it is at 3.06.
Ratios To Look Out For
It is important to note that Absci Corp [NASDAQ:ABSI] has a current ratio of 5.72. On the other hand, the Quick Ratio is 5.72, and the Cash Ratio is 1.72. Considering the valuation of this stock, the price to sales ratio is 74.89, the price to book ratio is 1.82.
