Absci Corp (NASDAQ:ABSI) has a beta value of 2.04 and has seen 1.09 million shares traded in the last trading session. The company, currently valued at $295.18M, closed the last trade at $2.56 per share which meant it gained $0.01 on the day or 0.39% during that session. The ABSI stock price is -162.5% off its 52-week high price of $6.72 and 47.27% above the 52-week low of $1.35. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.82 million shares traded. The 3-month trading volume is 1.02 million shares.
The consensus among analysts is that Absci Corp (ABSI) is Buy stock at the moment, with a recommendation rating of 1.29. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 3 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight.
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Absci Corp (NASDAQ:ABSI) trade information
Sporting 0.39% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ABSI stock price touched $2.56 or saw a rise of 12.93%. Year-to-date, Absci Corp shares have moved -39.05%, while the 5-day performance has seen it change -9.86%. Over the past 30 days, the shares of Absci Corp (NASDAQ:ABSI) have changed -37.71%. Short interest in the company has seen 12.59 million shares shorted with days to cover at 15.79.
Wall Street analysts have a consensus price target for the stock at $6, which means that the shares’ value could jump 57.33% from current levels. The projected low price target is $6.0 while the price target rests at a high of $6.0. In that case, then, we find that the current price level is -134.38% off the targeted high while a plunge would see the stock gain -134.38% from current levels.
Absci Corp (ABSI) estimates and forecasts
Figures show that Absci Corp shares have underperformed across the wider relevant industry. The company’s shares have lost -39.19% over the past 6 months, with this year growth rate of 11.76%, compared to 18.00% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -46.78% over the past 5 years.
ABSI Dividends
Absci Corp is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Absci Corp (NASDAQ:ABSI)’s Major holders
Insiders own 20.09% of the company shares, while shares held by institutions stand at 62.40% with a share float percentage of 78.09%. Investors are also buoyed by the number of investors in a company, with Absci Corp having a total of 165.0 institutions that hold shares in the company. The top two institutional holders are FMR LLC with over 12.58 million shares worth more than $38.75 million. As of 2024-06-30, FMR LLC held 12.6574% of shares outstanding.
The other major institutional holder is REDMILE GROUP, LLC, with the holding of over 8.25 million shares as of 2024-06-30. The firm’s total holdings are worth over $25.42 million and represent 8.3037% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are ARK ETF Tr-ARK Genomic Revolution ETF and Alger Small Cap Focus Fund . As of Oct 31, 2024 , the former fund manager holds about 6.62% shares in the company for having 7.61 shares of worth $19.48 million while later fund manager owns 5.64 shares of worth $14.45 million as of Jul 31, 2024 , which makes it owner of about 4.91% of company’s outstanding stock.
