Absci Corp (NASDAQ: ABSI) is 7.63% higher on its value in year-to-date trading and has touched a low of $2.01 and a high of $6.33 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 $2.78 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $2.82, the stock is 0.52% and -1.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.98 million and changing 1.44% at the moment leaves the stock -17.94% off its SMA200. ABSI registered -43.15% loss for a year compared to 6-month loss of -35.62%.
The stock witnessed a -4.73% gain in the last 1 month and extending the period to 3 months gives it a -12.15%, and is -5.05% 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 3.05% over the week and 2.85% over the month.
Absci Corp (ABSI) has around 157 employees, a market worth around $359.71M and $4.82M in sales. Profit margin for the company is -2232.13%. Distance from 52-week low is 40.30% and -55.45% from its 52-week high. The company has generated returns on investments over the last 12 months (-52.82%).
The EPS is expected to grow by 7.58% this year.
Absci Corp (ABSI) Top Institutional Holders
The shares outstanding are 127.54M, and float is at 111.47M with Short Float at 22.01%.
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
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