Absci Corp (NASDAQ: ABSI) is -16.29% lower 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 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 $2.62 in the last trading session, with the day’s gains setting it 3169997.38%.
Currently trading at $3170000.0, the stock is -8.48% and -10.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.19 million and changing -1.91% at the moment leaves the stock -23.89% off its SMA200. ABSI registered -1.91% loss for a year compared to 6-month loss of -14.62%. The firm has a 50-day simple moving average (SMA 50) of $2.8644 and a 200-day simple moving average (SMA200) of $3.37665.
The stock witnessed a -6.20% gain in the last 1 month and extending the period to 3 months gives it a -4.81%, and is -6.88% 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 5.21% over the week and 6.26% over the month.
Absci Corp (ABSI) has around 157 employees, a market worth around $327.83M and $4.82M in sales. Profit margin for the company is -2232.13%. Distance from 52-week low is 27.86% and -59.40% 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
185.0 institutions hold shares in Absci Corp (ABSI), with institutional investors hold 75.00% of the company’s shares. The shares outstanding are 127.54M, and float is at 111.47M with Short Float at 23.41%. Institutions hold 66.89% 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.
