AbCellera Biologics Inc (NASDAQ: ABCL) is -51.66% lower on its value in year-to-date trading and has touched a low of $2.34 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 $2.72 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $2.76, the stock is 1.32% and 4.95% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.68 million and changing 1.47% at the moment leaves the stock -22.94% off its SMA200. ABCL registered -38.32% loss for a year compared to 6-month loss of -28.12%. The firm has a 50-day simple moving average (SMA 50) of $2.6268 and a 200-day simple moving average (SMA200) of $3.594325.
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The stock witnessed a 7.39% gain in the last 1 month and extending the period to 3 months gives it a -0.36%, and is -0.72% 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 6.11% over the week and 5.44% over the month.
AbCellera Biologics Inc (ABCL) has around 586 employees, a market worth around $815.21M and $32.96M in sales. Profit margin for the company is -533.32%. Distance from 52-week low is 18.20% and -54.42% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.36%).
The EPS is expected to shrink by -12.89% this year
213.0 institutions hold shares in AbCellera Biologics Inc (ABCL), with institutional investors hold 53.28% of the company’s shares. The shares outstanding are 290.82M, and float is at 206.59M with Short Float at 8.40%. Institutions hold 38.33% 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.
