Absci Corp (NASDAQ: ABSI) is -26.32% 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 $2.67 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $2.66, the stock is -1.92% and -4.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.16 million and changing -0.37% at the moment leaves the stock -19.86% off its SMA200. ABSI registered 1.53% gain for a year compared to 6-month loss of -17.39%. The firm has a 50-day simple moving average (SMA 50) of $2.7836 and a 200-day simple moving average (SMA200) of $3.31905.
The stock witnessed a -11.63% gain in the last 1 month and extending the period to 3 months gives it a 8.35%, and is 3.10% up 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 5.47% over the week and 6.03% over the month.
Absci Corp (ABSI) has around 157 employees, a market worth around $339.30M and $4.82M in sales. Profit margin for the company is -2232.13%. Distance from 52-week low is 32.34% and -57.98% from its 52-week high. The company has generated returns on investments over the last 12 months (-52.82%).
with sales reaching $1.39M over the same period.The EPS is expected to grow by 7.58% this year, but quarterly earnings will post 131.77% year-over-year. Quarterly sales are estimated to grow 9.25% in year-over-year returns.
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 28.80%. 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.
Absci Corp (ABSI) Insider Activity
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