Absci Corp (ABSI) concluded trading on Wednesday at a closing price of $4.03, with 22.63 million shares of worth about $91.22 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.71% during that period and on January 22, 2025 the price saw a gain of about 25.16%. 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 48.71% in past 5 days and over the past one month there was a price change of 32.57%. Year-to-date (YTD), ABSI shares are showing a performance of 53.82% which increased to 18.18% 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 3.15 million. The stock is currently trading 34.77% above its 20-day simple moving average (SMA20), while that difference is up 28.32% for SMA50 and it goes to 2.01% higher than SMA200.
Absci Corp (NASDAQ: ABSI) currently have 114.19M outstanding shares and institutions hold larger chunk of about 62.32% of that.
The stock has a current market capitalization of $462.87M and its 3Y-monthly beta is at 2.09. 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 13.48% while standing at 11.78% 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 -0.75 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 28.03% while it is estimated to increase by 11.77% 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 Needham on Jan-23-25 offering a Buy rating for the stock and assigned a target price of $9 to it. Coverage by Guggenheim stated Absci Corp (ABSI) stock as a Buy in their note to investors on October 02, 2024, suggesting a price target of $10 for the stock. On July 03, 2024, Morgan Stanley Initiated their recommendations, while on March 14, 2024, Scotiabank Initiated their ratings for the stock with a price target of $13. Stock get an Overweight rating from KeyBanc Capital Markets on December 05, 2023.