Absci Corp (NASDAQ: ABSI) is -12.98% lower on its value in year-to-date trading and has touched a low of $2.23 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 $2.23 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $2.28, the stock is -19.96% and -38.54% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.77 million and changing 2.01% at the moment leaves the stock -37.87% off its SMA200. ABSI registered -57.06% loss for a year compared to 6-month loss of -40.00%. The firm has a 50-day simple moving average (SMA 50) of $3.7096 and a 200-day simple moving average (SMA200) of $3.669575.
The stock witnessed a -26.45% gain in the last 1 month and extending the period to 3 months gives it a -15.87%, and is -15.56% 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 9.13% over the week and 7.33% over the month.
Absci Corp (ABSI) has around 157 employees, a market worth around $290.37M and $4.53M in sales. Profit margin for the company is -2274.06%. Distance from 52-week low is 2.24% and -66.07% from its 52-week high. The company has generated returns on investments over the last 12 months (-55.79%).
with sales reaching $1.07M over the same period.The EPS is expected to grow by 10.50% this year, but quarterly earnings will post 151.31% year-over-year. Quarterly sales are estimated to grow 19.31% in year-over-year returns.
Absci Corp (ABSI) Top Institutional Holders
172.0 institutions hold shares in Absci Corp (ABSI), with institutional investors hold 68.86% of the company’s shares. The shares outstanding are 115.36M, and float is at 102.96M with Short Float at 18.29%. Institutions hold 58.42% 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 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 ARK INVESTMENT MANAGEMENT LLC holds 4.8735 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.
