Absci Corp (NASDAQ:ABSI) has a beta value of 2.19 and has seen 4.28 million shares traded in the last trading session. The company, currently valued at $437.60M, closed the last trade at $3.81 per share which meant it lost -$0.19 on the day or -4.75% during that session. The ABSI stock price is -76.38% off its 52-week high price of $6.72 and 35.7% above the 52-week low of $2.45. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.42 million shares traded. The 3-month trading volume is 3.68 million shares.
The consensus among analysts is that Absci Corp (ABSI) is Buy stock at the moment, with a recommendation rating of 1.00. 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. The expected earnings per share for the stock is -0.22.
Absci Corp (NASDAQ:ABSI) trade information
Sporting -4.75% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the ABSI stock price touched $3.81 or saw a rise of 13.41%. Year-to-date, Absci Corp shares have moved 45.42%, while the 5-day performance has seen it change 31.38%. Over the past 30 days, the shares of Absci Corp (NASDAQ:ABSI) have changed 30.03%. Short interest in the company has seen 15.49 million shares shorted with days to cover at 5.86.
Wall Street analysts have a consensus price target for the stock at $6, which means that the shares’ value could jump 36.5% 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 -57.48% off the targeted high while a plunge would see the stock gain -57.48% 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 -13.01% over the past 6 months, with this year growth rate of 12.75%, compared to 16.40% for the industry. Revenue growth from the last financial year stood is estimated to be 5.77%.
8 analysts offering their estimates for the company have set an average revenue estimate of 1.77M for the current quarter. 3 have an estimated revenue figure of 4.87M for the next ending quarter. Year-ago sales stood 338k and 898k respectively for this quarter and the next, and analysts expect sales will grow by 423.08% for the current quarter and 5.77% for the next.
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. Earnings growth for 2025 is a modest 28.03% while over the next 5 years, the company’s earnings are expected to increase by 19.60%.
ABSI Dividends
Absci Corp is expected to release its next earnings report in February 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 62.74% with a share float percentage of 78.51%. Investors are also buoyed by the number of investors in a company, with Absci Corp having a total of 173.0 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 Nov 30, 2024 , the former fund manager holds about 6.81% shares in the company for having 7.82 shares of worth $29.78 million while later fund manager owns 5.04 shares of worth $19.2 million as of Oct 31, 2024 , which makes it owner of about 4.39% of company’s outstanding stock.
