A share price of Absci Corp [ABSI] is currently trading at $2.88, up 5.11%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ABSI shares have gain 5.49% over the last week, with a monthly amount glided 2.13%, and 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.
Absci Corp experienced fluctuations in its stock price throughout the past year 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 $2.88 at the most recent close of the market. An investor can expect a potential return of 108.33% based on the average ABSI price forecast.
Analyzing the ABSI fundamentals
Trailing Twelve Months sales for Absci Corp [NASDAQ:ABSI] were 4.82M which represents 31.29% growth. 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.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Absci Corp [NASDAQ:ABSI] is 5.72. As well, the Quick Ratio is 5.72, while the Cash Ratio is 1.72. Considering the valuation of this stock, the price to sales ratio is 76.22, the price to book ratio is 1.85.
