In the last trading session, 3.46 million shares of the Absci Corp (NASDAQ:ABSI) were traded, and its beta was 2.12. Most recently the company’s share price was $4.67, and it changed around -$0.05 or -1.06% from the last close, which brings the market valuation of the company to $536.38M. ABSI currently trades at a discount to its 52-week high of $6.72, offering almost -43.9% off that amount. The share price’s 52-week low was $2.45, which indicates that the current value has risen by an impressive 47.54% since then. We note from Absci Corp’s average daily trading volume that its 10-day average is 4.92 million shares, with the 3-month average coming to 4.25 million.
Absci Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 9 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 0 recommended ABSI as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Absci Corp is expected to report earnings per share of -0.22 for the current quarter.
Absci Corp (NASDAQ:ABSI) trade information
Instantly ABSI has showed a red trend with a performance of -1.06% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 4.88 on recent trading dayincreased the stock’s daily price by 4.3%. The company’s shares are currently up 78.24% year-to-date, but still up 25.88% over the last five days. On the other hand, Absci Corp (NASDAQ:ABSI) is 52.12% up in the 30-day period. We can see from the shorts that 21.24 million shares have been sold at a short interest cover period of 3.69 day(s).
The consensus price target as assigned by Wall Street analysts is $6, which translates to bulls needing to increase their stock price by 22.17% from its current value. Analyst projections state that ABSI is forecast to be at a low of $6 and a high of $6.
Absci Corp (ABSI) estimates and forecasts
The year-over-year growth rate is expected to be 5.77%, up from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of 1.77M in revenue for the current quarter. 3 analysts expect Absci Corp to make 4.87M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 338k and 898k respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 423.08%. Forecasts for the next quarter put sales growth at 441.95%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -46.78%. Absci Corp earnings are expected to increase by 28.03% in 2025, but the outlook is positive 19.60% per year for the next five years.
ABSI Dividends
Absci Corp’s next quarterly earnings report is expected to be released in March.
Absci Corp (NASDAQ:ABSI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 20.26% of Absci Corp shares, and 65.25% of them are in the hands of institutional investors. The stock currently has a share float of 81.82%. Absci Corp stock is held by 176.0 institutions, with FMR LLC being the largest institutional investor. By 2024-06-30, it held 12.6574% of the shares, which is about 12.58 million shares worth $38.75 million.
REDMILE GROUP, LLC, with 8.3037% or 8.25 million shares worth $25.42 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
