Absci Corp (NASDAQ:ABSI)’s traded shares stood at 2.43 million during the last session, with the company’s beta value hitting 2.08. At the close of trading, the stock’s price was $2.84, to imply a decrease of -5.80% or -$0.18 in intraday trading. The ABSI share’s 52-week high remains $6.72, putting it -136.62% down since that peak but still an impressive 54.58% since price per share fell to its 52-week low of $1.29. The company has a valuation of $326.19M, with an average of 1.57 million shares in intraday trading volume over the past 10 days and average of 991.36K shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Absci Corp (ABSI), translating to a mean rating of 1.25. Of 3 analyst(s) looking at the stock, 0 analyst(s) give ABSI a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.24.

Absci Corp (NASDAQ:ABSI) trade information

After registering a -5.80% downside in the last session, Absci Corp (ABSI) has traded red over the past five days. The 5-day price performance for the stock is -30.22%, and -29.35% over 30 days. With these gigs, the year-to-date price performance is -32.38%. Short interest in Absci Corp (NASDAQ:ABSI) saw shorts transact 12.59 million shares and set a 15.79 days time to cover.

The extremes give us $6 and $6 for target low and target high price respectively. As such, ABSI has been trading -111.27% off suggested target high and -111.27% from its likely low.

Absci Corp (ABSI) estimates and forecasts

Looking at statistics comparing Absci Corp share performance against respective industry, we note that the company has underperformed competitors. Absci Corp (ABSI) shares are -38.46% down over the last 6 months, with its year-to-date growth rate lower than industry average at 13.73% against 17.70%. Revenue is forecast to grow 5.33% this quarter before jumping 29.55% for the next one. The rating firms project that company’s revenue will grow 7.51% compared to the previous financial year.

Revenue forecast for the current quarter as set by 7 analysts is 1.77M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 6.55M.Earnings reports from the last fiscal year show that sales brought in 338k and 898k respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 423.80% before jumping 629.40% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -46.78% for the past 5-year period. While 2024 is set for a 31.77% return in earnings, projections for the next 5 years are at 23.30% annually.

ABSI Dividends

Absci Corp has its next earnings report out on 2024-Nov-12. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Absci Corp (NASDAQ:ABSI)’s Major holders

Absci Corp insiders hold 20.09% of total outstanding shares, with institutional holders owning 62.39% of the shares at 78.07% float percentage. In total, 62.39% institutions holds shares in the company, led by FMR LLC. As of 2024-06-30, the company held over 12.58 million shares (or 12.6574% of shares), all amounting to roughly $38.75 million.

The next major institution holding the largest number of shares is REDMILE GROUP, LLC with 8.25 million shares, or about 8.3037% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $25.42 million.