Currently, there are 115.36M common shares owned by the public and among those 102.95M shares have been available to trade.
The company’s stock has a 5-day price change of -21.82% and -13.36% over the past three months. ABSI shares are trading -8.40% year to date (YTD), with the 12-month market performance down to -57.75% lower. It has a 12-month low price of $2.45 and touched a high of $6.72 over the same period. ABSI has an average intraday trading volume of 5.71 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -19.41%, -36.81%, and -35.02% respectively.
Institutional ownership of Absci Corp (NASDAQ: ABSI) shares accounts for 56.94% of the company’s 115.36M shares outstanding.
It has a market capitalization of $305.60M and a beta (3y monthly) value of 2.24. The earnings-per-share (ttm) stands at -$0.93. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.86% over the week and 6.87% over the month.
Earnings per share for the fiscal year are expected to increase by 10.50%, and 23.14% over the next financial year. EPS should grow at an annualized rate of 18.89% over the next five years, compared to -29.30% over the past 5-year period.
Looking at the support for the ABSI, a number of firms have released research notes about the stock. Needham stated their Buy rating for the stock in a research note on January 22, 2025, with the firm’s price target at $9. Guggenheim coverage for the Absci Corp (ABSI) stock in a research note released on October 02, 2024 offered a Buy rating with a price target of $10. Morgan Stanley was of a view on July 03, 2024 that the stock is Overweight, while Scotiabank gave the stock Sector Outperform rating on March 14, 2024, issuing a price target of $13. KeyBanc Capital Markets on their part issued Overweight rating on December 05, 2023.
