Why AbCellera Biologics Inc (ABCL) Stock Could See Much Higher Prices Ahead

AbCellera Biologics Inc (NASDAQ: ABCL) is -56.22% lower on its value in year-to-date trading and has touched a low of $2.40 and a high of $6.05 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 ABCL stock was last observed hovering at around $2.56 in the last trading session, with the day’s loss setting it -0.06%.

Currently trading at $2.50, the stock is -5.42% and -12.43% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.68 million and changing -2.34% at the moment leaves the stock -40.10% off its SMA200. ABCL registered -54.13% loss for a year compared to 6-month loss of -50.00%.

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The stock witnessed a -14.38% gain in the last 1 month and extending the period to 3 months gives it a -35.57%, and is -7.06% 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 5.10% over the week and 5.87% over the month.

AbCellera Biologics Inc (ABCL) has around 586 employees, a market worth around $736.68M and $33.06M in sales. Profit margin for the company is -463.77%. Distance from 52-week low is 4.17% and -58.71% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.02%).

with sales reaching $7.95M over the same period.The EPS is expected to grow by 6.97% this year, but quarterly earnings will post -11.60% year-over-year. Quarterly sales are estimated to shrink -32.90% in year-over-year returns.

AbCellera Biologics Inc (ABCL) Top Institutional Holders

212.0 institutions hold shares in AbCellera Biologics Inc (ABCL), with institutional investors hold 57.67% of the company’s shares. The shares outstanding are 290.82M, and float is at 206.46M with Short Float at 8.80%. Institutions hold 41.49% of the Float.

The top institutional shareholder in the company is BAKER BROS. ADVISORS LP with over 27.53 million shares valued at $81.48 million. The investor’s holdings represent 9.4033% of the ABCL Shares outstanding. As of 2024-06-30, the second largest holder is BAILLIE GIFFORD & CO with 21.91 million shares valued at $$64.86 million to account for 7.4852 of the shares outstanding. The other top investors are VOYA INVESTMENT MANAGEMENT LLC which holds 10.63 million shares representing 3.6322% and valued at over $31.47 million, while CAPITAL WORLD INVESTORS holds 1.817 of the shares totaling 5.32 million with a market value of $15.74 million.