The Vanguard Group, Inc. has recently announced that it has increased stake in Absci Corp (NASDAQ:ABSI) by 12.00%. After grabbing 2.44 million shares, the institutional investor is now in possession of 0.26 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 2.63% having worth around $4.08 million. Moreover, BlackRock Fund Advisors increased its share by 25194.0 to have a control over 1.2 million shares. And Geode Capital Management LLC raised its holdings to 0.12 million shares by acquiring 0.57 million shares or 0.61% of the stake.
Absci Corp (ABSI) concluded trading on 12/27/23 at a closing price of $4.79, with 3.29 million shares of worth about $15.76 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 199.37% during that period and on Wednesday the price saw a gain of about 19.75%. Currently the company’s common shares owned by public are about 92.41M shares, out of which, 68.19M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 5 times over the past 12 months. They bought 734,000 shares in 5 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Fidelity Growth Company Fund, Vanguard Total Stock Market ETF, and Fidelity Growth Company K6 Fund are the top 3 mutual funds which are holding stakes in Absci Corp Fidelity Growth Company Fund is currently holding 3.95 million shares of worth totaling $6.6 million. The company recently came buying 0.0 shares which brought its stake up to 4.25% of the company’s outstanding shares. Fidelity Growth Company K6 Fund, after buying 1.6 million shares, have now control over 1.72% of the stake in the company. It holds 0.0 shares of worth $2.67 million.
Absci Corp (NASDAQ: ABSI) started trading at $4.17, above $0.17 from concluding price of the previous day. However, the stock later moved at a day high price of 5.2256, or with a gain of 19.75%. Stock saw a price change of 52.55% in past 5 days and over the past one month there was a price change of 244.60%. Year-to-date (YTD), ABSI shares are showing a performance of 128.10% which increased to 120.74% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.11 but also hit the highest price of $4.50 during that period. The average intraday trading volume for Absci Corp shares is 602.71K. The stock is currently trading 91.91% above its 20-day simple moving average (SMA20), while that difference is up 166.61% for SMA50 and it goes to 182.73% higher than SMA200.
The Vanguard Group, Inc. acquired 2.44 million shares of Absci Corp having value of about $4.08 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.26 million shares in the company valued at close to $1254424.36, or have control over 12.00% stake in the company. Absci Corp (NASDAQ: ABSI) currently have 92.41M outstanding shares and institutions hold larger chunk of about 36.11% of that. Holding of mutual funds in the company is about 22.01% while other institutional holders and individual stake holders have control over 26.57% and 14.10% of the stake respectively.
The stock has a current market capitalization of $445.18M and its 3Y-monthly beta is at 2.22. It has posted earnings per share of -$1.16 in the same period. It has Quick Ratio of 4.82 while making debt-to-equity ratio of 0.09. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ABSI, volatility over the week remained 22.24% while standing at 15.73% over the month.
Analysts are in expectations that Absci Corp (ABSI) stock would likely to be making an EPS of -$0.22 in the current quarter, while forecast for next quarter EPS is -$0.18 and it is -$0.74 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.24 which is -$0.21 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.21 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 4.70% while it is estimated to increase by 32.66% in next year.
Analysts at 5 brokerage firms have issued recommendations for the Absci Corp (ABSI)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.40. Out of those 5 Wall Street analysts, 4 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by KeyBanc Capital Markets on December 05, 2023 offering an Overweight rating for the stock and assigned a target price of $3 to it.
