Absci Corp (NASDAQ: ABSI) is 20.48% higher on its value in year-to-date trading and has touched a low of $1.11 and a high of $6.40 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ABSI stock was last observed hovering at around $4.95 in the last trading session, with the day’s gains setting it 0.11%.
Currently trading at $5.06, the stock is 0.56% and 11.89% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.23 million and changing 2.22% at the moment leaves the stock 98.56% off its SMA200. ABSI registered 194.19% gain for a year compared to 6-month gain of 244.22%. The firm has a 50-day simple moving average (SMA 50) of $85.52 and a 200-day simple moving average (SMA200) of -$5.12.
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The stock witnessed a 7.89% loss in the last 1 month and extending the period to 3 months gives it a 55.69%, and is 8.58% up 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 8.39% over the week and 9.95% over the month.
Absci Corp (ABSI) has around 156 employees, a market worth around $570.67M and $5.72M in sales. Profit margin for the company is -1933.65%. Distance from 52-week low is 355.40% and -20.94% from its 52-week high. The company has generated returns on investments over the last 12 months (-59.27%).
Absci Corp quarterly earnings per share for the current quarter are estimated at -$0.22 with sales reaching $2.3M over the same period.The EPS is expected to grow by 29.72% this year, but quarterly earnings will post 77.90% year-over-year. Quarterly sales are estimated to grow 81.20% in year-over-year returns.
Absci Corp (ABSI) Top Institutional Holders
86 institutions hold shares in Absci Corp (ABSI), with institutional investors hold 44.02% of the company’s shares. The shares outstanding are 93.09M, and float is at 80.58M with Short Float at 13.18%. Institutions hold 34.05% of the Float.
The top institutional shareholder in the company is FMR, LLC with over 13.86 million shares valued at $70.14 million. The investor’s holdings represent 12.29% of the ABSI Shares outstanding. As of Dec 30, 2023, the second largest holder is Redmile Group, LLC with 8.03 million shares valued at $40.64 million to account for 7.12% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 2.58 million shares representing 2.28% and valued at over $13.04 million, while Casdin Capital, LLC holds 0.86% of the shares totaling 0.97 million with a market value of $4.92 million.
Absci Corp (ABSI) Insider Activity
The most recent transaction is an insider purchase by Redmile Group, LLC,the company’sDirector. SEC filings show that Redmile Group, LLC bought 222,222 shares of the company’s common stock on Mar 01 ’24 at a price of $4.50 per share for a total of $1.0 million. Following the purchase, the insider now owns 8.25 million shares.
