Absci Corp [ABSI] stock prices are up 12.50% to $3.51 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ABSI shares have gain 31.95% over the last week, with a monthly amount glided 27.64%, 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.
The stock price of Absci Corp [ABSI] has been fluctuating between $2.01 and $6.33 over the past year. Currently, Wall Street analysts expect the stock to reach $6 within the next 12 months. Absci Corp [NASDAQ: ABSI] shares were valued at $3.51 at the most recent close of the market. An investor can expect a potential return of 70.94% based on the average ABSI price forecast.
Analyzing the ABSI fundamentals
The Absci Corp [NASDAQ:ABSI] reported sales of 4.82M for trailing twelve months, representing a surge of 31.29%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.04.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance.
Ratios To Look Out For
It’s worth pointing out that Absci Corp [NASDAQ:ABSI]’s Current Ratio is 5.72. Further, the Quick Ratio stands at 5.72, while the Cash Ratio is 1.72. Considering the valuation of this stock, the price to sales ratio is 92.89, the price to book ratio is 2.25.
