Absci Corp (NASDAQ: ABSI) is -2.14% lower on its value in year-to-date trading and has touched a low of $1.11 and a high of $6.72 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 ABSI stock was last observed hovering at around $3.88 in the last trading session, with the day’s gains setting it 0.23%.
Currently trading at $4.11, the stock is 2.79% and 1.04% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.81 million and changing 5.93% at the moment leaves the stock -4.18% off its SMA200. ABSI registered 221.09% gain for a year compared to 6-month loss of -25.81%. The firm has a 50-day simple moving average (SMA 50) of $4.0624 and a 200-day simple moving average (SMA200) of $4.29835.
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The stock witnessed a -8.46% gain in the last 1 month and extending the period to 3 months gives it a 34.75%, and is -4.64% 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 6.99% over the week and 7.13% over the month.
Absci Corp (ABSI) has around 156 employees, a market worth around $466.73M and $3.25M in sales. Profit margin for the company is -2838.89%. Distance from 52-week low is 269.90% and -38.84% from its 52-week high. The company has generated returns on investments over the last 12 months (-40.14%).
The EPS is expected to grow by 35.83% this year
142.0 institutions hold shares in Absci Corp (ABSI), with institutional investors hold 76.23% of the company’s shares. The shares outstanding are 93.09M, and float is at 91.51M with Short Float at 14.28%. Institutions hold 60.75% of the Float.
The top institutional shareholder in the company is FMR LLC with over 12.58 million shares valued at $38.75 million. The investor’s holdings represent 12.6574 of the ABSI Shares outstanding. As of 2024-06-30, the second largest holder is REDMILE GROUP, LLC with 8.25 million shares valued at $25.42 million to account for 8.3037 of the shares outstanding. The other top investors are FRED ALGER MANAGEMENT, LLC which holds 7.26 million shares representing 7.3011 and valued at over $22.35 million, while ARK INVESTMENT MANAGEMENT LLC holds 5.5375 of the shares totaling 5.5 million with a market value of $16.95 million.
Absci Corp (ABSI) Insider Activity
The most recent transaction is an insider sale by Jonasson Zachariah, the company’s CFO / CBO. SEC filings show that Jonasson Zachariah sold 19,859 shares of the company’s common stock on Jun 13 ’24 at a price of $4.98 per share for a total of $98892.0. Following the sale, the insider now owns 0.38 million shares.
Absci Corp disclosed in a document filed with the SEC on May 22 ’24 that Phoenix Venture Partners II LP (10% Owner) sold a total of 3,100,000 shares of the company’s common stock. The trade occurred on May 22 ’24 and was made at $4.40 per share for $13.64 million. Following the transaction, the insider now directly holds 11.28 million shares of the ABSI stock.
Still, SEC filings show that on Mar 01 ’24, Redmile Group, LLC (Director) acquired 222,222 shares at an average price of $4.50 for $1.0 million. The insider now directly holds 8,253,316 shares of Absci Corp (ABSI).
