Abcam plc (NASDAQ: ABCM) is -40.38% lower on its value in year-to-date trading and has touched a low of $12.54 and a high of $24.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ABCM stock was last observed hovering at around $14.13 in the last trading session, with the day’s loss setting it -0.09% off its average median price target of $17.98 for the next 12 months. It is also 37.54% off the consensus price target high of $22.48 offered by 5 analysts, but current levels are 10.86% higher than the price target low of $15.75 for the same period.
Currently trading at $14.04, the stock is -2.80% and -2.67% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.14 million and changing -0.64% at the moment leaves the stock -24.00% off its SMA200. ABCM registered -25.12% loss for a year compared to 6-month loss of -30.97%. The firm has a 50-day simple moving average (SMA 50) of $11.22 and a 200-day simple moving average (SMA200) of $74.64.
The stock witnessed a -3.90% gain in the last 1 month and extending the period to 3 months gives it a -25.99%, and is -6.96% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.37% over the week and 2.97% over the month.
Abcam plc (ABCM) has around 1750 employees, a market worth around $3.22B and $379.10M in sales. Current P/E ratio is 702.00. Profit margin for the company is 1.20%. Distance from 52-week low is 11.96% and -41.50% from its 52-week high. The company has generated returns on investments over the last 12 months (2.40%).
Abcam plc (ABCM) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Abcam plc (ABCM) is a “Overweight”. 5 analysts offering their recommendations for the stock have an average rating of 2.00, where 3 rate it as a Hold and 1 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
The EPS is expected to grow by 27.40% this year.
Abcam plc (ABCM) Top Institutional Holders
The shares outstanding are 227.10M, and float is at 198.19M with Short Float at 0.43%.