Is Absci Corp (NASDAQ: ABSI) Stock Ready For A Higher Run In Its Share Price?

In the last trading session, 1.41 million Absci Corp (NASDAQ:ABSI) shares changed hands as the company’s beta touched 2.33. With the company’s per share price at $5.43 changed hands at -$0.4 or -6.86% during last session, the market valuation stood at $612.40M. ABSI’s last price was a discount, traded about -23.76% off its 52-week high of $6.72. The share price had its 52-week low at $1.11, which suggests the last value was 79.56% up since then. When we look at Absci Corp’s average trading volume, we note the 3-month average coming to 1.56 million.

Absci Corp (NASDAQ:ABSI) trade information

Instantly ABSI was in red as seen at the end of in last trading. With action -3.72%, the performance over the past five days has been red. The drop to weekly highs of 6.72 subtracted -6.86% to the stock’s daily price. The company’s shares are showing year-to-date upside of 29.29%, with the 5-day performance at -3.72% in the red. However, in the 30-day time frame, Absci Corp (NASDAQ:ABSI) is 13.36% up.

Absci Corp (ABSI) estimates and forecasts

Data shows that the Absci Corp share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 311.36% over the past 6 months, a 25.49% in annual growth rate that is considerably higher than the industry average of 13.00%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -46.78%. The 2024 estimates are for Absci Corp earnings to increase by 29.72%, but the outlook for the next 5-year period is at 23.30% per year.