Absci Corp (NASDAQ: ABSI) is 30.53% higher 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 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 $3.85 in the last trading session, with the day’s loss setting it -0.43%.
Currently trading at $3.42, the stock is -26.24% and -9.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.47 million and changing -11.17% at the moment leaves the stock -11.20% off its SMA200. ABSI registered -27.08% loss for a year compared to 6-month loss of -22.10%.
The stock witnessed a -10.47% gain in the last 1 month and extending the period to 3 months gives it a 24.36%, and is -23.58% 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 11.68% over the week and 11.96% over the month.
Absci Corp (ABSI) has around 156 employees, a market worth around $392.80M and $4.21M in sales. Profit margin for the company is -2321.56%. Distance from 52-week low is 39.59% and -49.11% from its 52-week high. The company has generated returns on investments over the last 12 months (-46.88%).
with sales reaching $1.77M over the same period.The EPS is expected to grow by 28.03% this year, but quarterly earnings will post 5.77% year-over-year. Quarterly sales are estimated to grow 423.08% in year-over-year returns.
Absci Corp (ABSI) Top Institutional Holders
The shares outstanding are 114.19M, and float is at 93.24M with Short Float at 21.51%.
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 11.1398% 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 7.3081 of the shares outstanding. The other top investors are FRED ALGER MANAGEMENT, LLC which holds 7.26 million shares representing 6.4257% and valued at over $22.35 million, while BLACKROCK INC. holds 5.3774 of the shares totaling 5.34 million with a market value of $16.46 million.
Absci Corp (ABSI) Insider Activity
A total of 0 insider transactions have happened at Absci Corp (ABSI) in the last six months, with sales accounting for 0 and purchases happening 0 times. 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.
Absci Corp (ABSI): Who are the competitors?
The company’s main competitors (and peers) include Lonza Group AG (LONN) that is trading 24.64% up over the past 12 months. Recursion Pharmaceuticals Inc. (RXRX) that is -46.42% lower over the same period.
