During the recent session, Absci Corp (NASDAQ:ABSI)’s traded shares were 0.77 million, with the beta value of the company hitting 2.02. At the last check today, the stock’s price was $3.65, reflecting an intraday loss of -0.78% or -$0.03. The 52-week high for the ABSI share is $6.72, that puts it down -84.11 from that peak though still a striking 37.26% gain since the share price plummeted to a 52-week low of $2.29. The company’s market capitalization is $419.36M, and the average intraday trading volume over the past 10 days was 2.86 million shares, and the average trade volume was 1.33 million shares over the past three months.
Absci Corp (ABSI) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.33. ABSI has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.23.
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Absci Corp (NASDAQ:ABSI) trade information
Absci Corp (ABSI) registered a -0.78% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.78% in intraday trading to $3.65, hitting a weekly high. The stock’s 5-day price performance is 17.40%, and it has moved by 16.28% in 30 days. Based on these gigs, the overall price performance for the year is 49.64%. The short interest in Absci Corp (NASDAQ:ABSI) is 12.58 million shares and it means that shorts have 8.88 day(s) to cover.
The consensus price target of analysts on Wall Street is $6, which implies an increase of 39.17% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6 and $6 respectively. As a result, ABSI is trading at a discount of -64.38% off the target high and -64.38% off the low.
Absci Corp (ABSI) estimates and forecasts
Statistics show that Absci Corp has underperformed its competitors in share price, compared to the industry in which it operates. Absci Corp (ABSI) shares have gone down -8.26% during the last six months, with a year-to-date growth rate less than the industry average at 11.76% against 17.10. In the rating firms’ projections, revenue will increase 7.19% 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 1.81M as predicted by 8 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 6.55M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 338k and 898k respectively. In this case, analysts expect current quarter sales to grow by 434.17% and then jump by 629.40% 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 26.85% in 2024.
ABSI Dividends
Absci Corp is due to release its next quarterly earnings in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Absci Corp (NASDAQ:ABSI)’s Major holders
Absci Corp insiders own 20.09% of total outstanding shares while institutional holders control 62.57%, with the float percentage being 78.30%. FMR LLC is the largest shareholder of the company, while 166.0 institutions own stock in it. As of 2024-06-30, the company held over 12.58 million shares (or 12.6574% of all shares), a total value of $38.75 million in shares.
The next largest institutional holding, with 8.25 million shares, is of REDMILE GROUP, LLC’s that is approximately 8.3037% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $25.42 million.
Also, the Mutual Funds coming in first place with the largest holdings of Absci Corp (ABSI) shares are ARK ETF Tr-ARK Genomic Revolution ETF and Alger Small Cap Focus Fund. Data provided on Oct 31, 2024 indicates that ARK ETF Tr-ARK Genomic Revolution ETF owns about 7.61 shares. This amounts to just over 6.62 percent of the company’s overall shares, with a $27.39 million market value. The same data shows that the other fund manager holds slightly less at 5.64, or about 4.91% of the stock, which is worth about $20.31 million.
