Absci Corp (ABSI) concluded trading on Wednesday at a closing price of $2.86, with 4.58 million shares of worth about $13.1 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -34.25% during that period and on January 15, 2025 the price saw a gain of about 5.54%. Currently the company’s common shares owned by public are about 114.19M shares, out of which, 92.27M shares are available for trading.
Stock saw a price change of -6.84% in past 5 days and over the past one month there was a price change of -22.28%. Year-to-date (YTD), ABSI shares are showing a performance of 9.16% which decreased to -28.32% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.45 but also hit the highest price of $6.72 during that period. The average intraday trading volume for Absci Corp shares is 2.92 million. The stock is currently trading -4.63% below its 20-day simple moving average (SMA20), while that difference is down -10.73% for SMA50 and it goes to -28.39% lower than SMA200.
Absci Corp (NASDAQ: ABSI) currently have 114.19M outstanding shares and institutions hold larger chunk of about 62.25% of that.
The stock has a current market capitalization of $328.49M and its 3Y-monthly beta is at 2.04. It has posted earnings per share of -$0.94 in the same period. It has Quick Ratio of 5.63 while making debt-to-equity ratio of 0.06. 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 14.26% while standing at 11.97% 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 -0.16 and it is -0.74 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.27 which is -0.12 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 -0.25 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 29.44% while it is estimated to increase by 11.89% in next year.
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 Guggenheim on October 02, 2024 offering a Buy rating for the stock and assigned a target price of $10 to it. Coverage by Morgan Stanley stated Absci Corp (ABSI) stock as an Overweight in their note to investors on July 03, 2024, suggesting a price target of $7 for the stock. On March 14, 2024, Scotiabank Initiated their recommendations, while on December 05, 2023, KeyBanc Capital Markets Initiated their ratings for the stock with a price target of $3. Stock get a Buy rating from H.C. Wainwright on May 04, 2023.
