In the last trading session, 4.94 million Absci Corp (NASDAQ:ABSI) shares changed hands as the company’s beta touched 2.14. With the company’s per share price at $4.96 changed hands at -$0.23 or -4.43% during last session, the market valuation stood at $569.68M. ABSI’s last price was a discount, traded about -35.48% off its 52-week high of $6.72. The share price had its 52-week low at $2.45, which suggests the last value was 50.6% up since then.
Analysts gave the Absci Corp (ABSI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ABSI as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Absci Corp’s EPS for the current quarter is expected to be -0.22.
Absci Corp (NASDAQ:ABSI) trade information
Instantly ABSI was in red as seen at the end of in last trading. With action -0.80%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 89.31%, with the 5-day performance at -0.80% in the red. However, in the 30-day time frame, Absci Corp (NASDAQ:ABSI) is 23.08% up.
The consensus price target for the stock as assigned by Wall Street analysts is 6, meaning bulls need an upside of 17.33% from its current market value. According to analyst projections, ABSI’s forecast low is 6 with 6 as the target high. To hit the forecast high, the stock’s price needs a -20.97% plunge from its current level, while the stock would need to soar -20.97% for it to hit the projected low.
Absci Corp (ABSI) estimates and forecasts
Year-over-year growth is forecast to reach 5.77% up from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 1.77M. 3 analysts are of the opinion that Absci Corp’s revenue for the current quarter will be 4.87M. The company’s revenue for the corresponding quarters a year ago was 338k and 898k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 423.08%. The estimates for the next quarter sales put growth at 441.95%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -46.78%. The 2025 estimates are for Absci Corp earnings to increase by 28.03%, but the outlook for the next 5-year period is at 19.60% per year.
Absci Corp (NASDAQ:ABSI)’s Major holders
REDMILE GROUP, LLC holds the second largest percentage of outstanding shares, with 7.3081% or 8.25 million shares worth $25.42 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were ARK ETF Tr-ARK Genomic Revolution ETF and Alger Small Cap Focus Fund. With 7.96 shares estimated at $39.49 million under it, the former controlled 6.93% of total outstanding shares. On the other hand, Alger Small Cap Focus Fund held about 4.39% of the shares, roughly 5.04 shares worth around $24.99 million.
