During the last session, Absci Corp (NASDAQ:ABSI)’s traded shares were 0.64 million, with the beta value of the company hitting 2.42. At the end of the trading day, the stock’s price was $4.58, reflecting an intraday gain of 2.81% or $0.13. The 52-week high for the ABSI share is $6.72, that puts it down -46.72 from that peak though still a striking 75.76% gain since the share price plummeted to a 52-week low of $1.11. The company’s market capitalization is $517.91M, and the average trade volume was 1.57 million shares over the past three months.
Absci Corp (NASDAQ:ABSI) trade information
Absci Corp (ABSI) registered a 2.81% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 2.81% in intraday trading to $4.58, hitting a weekly high. The stock’s 5-day price performance is -3.98%, and it has moved by -17.33% in 30 days. Based on these gigs, the overall price performance for the year is 215.86%.
Absci Corp (ABSI) estimates and forecasts
Statistics show that Absci Corp has outperformed its competitors in share price, compared to the industry in which it operates. Absci Corp (ABSI) shares have gone up 291.45% during the last six months, with a year-to-date growth rate more than the industry average at 25.49% against 12.90. In the rating firms’ projections, revenue will increase 91.70% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.42M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 3.08M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.27M and 3.37M respectively. In this case, analysts expect current quarter sales to grow by 90.70% and then drop by -8.50% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -46.78%. While earnings are projected to return 29.72% in 2024, the next five years will return 23.30% per annum.
ABSI Dividends
Absci Corp is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
