Absci Corp (NASDAQ: ABSI) is -30.24% lower on its value in year-to-date trading and has touched a low of $2.45 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 $2.99 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $2.93, the stock is -9.64% and -17.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.44 million and changing -2.01% at the moment leaves the stock -29.26% off its SMA200. ABSI registered -9.85% loss for a year compared to 6-month loss of -0.34%. The firm has a 50-day simple moving average (SMA 50) of $3.555 and a 200-day simple moving average (SMA200) of $4.152175.
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The stock witnessed a 14.90% gain in the last 1 month and extending the period to 3 months gives it a -26.01%, and is -23.50% 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 12.28% over the week and 10.83% over the month.
Absci Corp (ABSI) has around 156 employees, a market worth around $336.53M and $4.21M in sales. Profit margin for the company is -2321.56%. Distance from 52-week low is 19.59% and -56.40% from its 52-week high. The company has generated returns on investments over the last 12 months (-46.88%).
The EPS is expected to grow by 29.44% this year.
Absci Corp (ABSI) Top Institutional Holders
166.0 institutions hold shares in Absci Corp (ABSI), with institutional investors hold 78.30% of the company’s shares. The shares outstanding are 114.19M, and float is at 92.27M with Short Float at 13.63%. Institutions hold 62.57% 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).
