In the last trading session, 3,252,392 shares of the Abeona Therapeutics Inc.(NASDAQ:ABEO) were traded, and its beta was 1.6. Most recently the company’s share price was $2.23, and it changed around -$0.18 or -0.07% from the last close, which brings the market valuation of the company to $219.72 Million. ABEO currently trades at a discount to its 52-week high of $4.07, offering almost -82.51% off that amount. The share price’s 52-week low was $0.99, which indicates that the current value has risen by an impressive 55.61% since then. We note from Abeona Therapeutics Inc.’s average daily trading volume that its 10-day average is 6.86 Million shares, with the 3-month average coming to 3.76 Million.
Abeona Therapeutics Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.7. If we narrow it down even further, the data shows that none out of 3 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended ABEO as a Hold, whereas 3 deemed it a Buy, and no one rated it as Underweight. Abeona Therapeutics Inc. is expected to report earnings per share of -$0.1 for the current quarter.
Abeona Therapeutics Inc. (NASDAQ:ABEO): Trading Information
Although ABEO has showed a red trend with a performance of -7.47% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $3.09- on Tuesday, Feb 16 increased the stock’s daily price by 27.83%. The company’s shares are currently up 0.42% year-to-date, but still down -0.2466 over the last five days. On the other hand, Abeona Therapeutics Inc. (NASDAQ:ABEO) is 0.05% up in the 30-day period. We can see from the shorts that 2.88 Million shares have been sold at a short interest cover period of 0.77 day(s).
The consensus price target as assigned by Wall Street analysts is $5.67, which translates to bears needing to increase their stock price by 154.26% from its current value. Analyst projections state that ABEO is forecast to be at a low of $4 and a high of $8. In order for the stock price to hit the forecast high, the stock would need to surge +258.74% from its current level, while the stock would need to crash 79.37% from its current level to reach the projected low.
Abeona Therapeutics Inc. (ABEO) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 37%. Abeona Therapeutics Inc. earnings are expected to decrease by -27.1% in 2021, but the outlook is negative 0% per year for the next five years.
Abeona Therapeutics Inc. (NASDAQ:ABEO)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 16.22% of Abeona Therapeutics Inc. shares, and 37.93% of them are in the hands of institutional investors. The stock currently has a share float of 45.27%. Abeona Therapeutics Inc. stock is held by 117 institutions, with Adage Capital Partners GP L.L.C. being the largest institutional investor. By Dec 30, 2020, it held 8.41% of the shares, which is about 8.29 Million shares worth $13.01 Million.
Blackrock Inc., with 4.15% or 4.09 Million shares worth $6.42 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
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Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Sep 29, 2020. The former held 1846180 shares worth $1.88 Million, making up 1.87% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 1.43 Million shares worth around $2.24 Million, which represents about 1.45% of the total shares outstanding.