In last trading session, Absci Corp (NASDAQ:ABSI) saw 2.98 million shares changing hands with its beta currently measuring 2.13. Company’s recent per share price level of $2.90 trading at -$0.22 or -7.05% at ring of the bell on the day assigns it a market valuation of $333.08M. That closing price of ABSI’s stock is at a discount of -131.72% from its 52-week high price of $6.72 and is indicating a premium of 15.52% from its 52-week low price of $2.45. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.04 million shares which gives us an average trading volume of 5.48 million if we extend that period to 3-months.
For Absci Corp (ABSI), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.22 in the current quarter.
Absci Corp (NASDAQ:ABSI) trade information
Upright in the red during last session for losing -7.05%, in the last five days ABSI remained trading in the red while hitting it’s week-highest on Wednesday, 03/12/25 when the stock touched $2.90 price level, adding 11.04% to its value on the day. Absci Corp’s shares saw a change of 10.69% in year-to-date performance and have moved -6.45% in past 5-day. Absci Corp (NASDAQ:ABSI) showed a performance of -40.94% in past 30-days. Number of shares sold short was 19.06 million shares which calculate 3.55 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 6 to the stock, which implies a rise of 51.67% to its current value. Analysts have been projecting 6 as a low price target for the stock while placing it at a high target of 6. It follows that stock’s current price would drop -106.9% in reaching the projected high whereas dropping to the targeted low would mean a loss of -106.9% for stock’s current value.
Absci Corp (ABSI) estimates and forecasts
This year revenue growth is estimated to rise 5.77% from the last financial year’s standing.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.77M for the same. And 3 analysts are in estimates of company making revenue of 4.87M in the next quarter. Company posted 338k and 898k of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -46.78% during past 5 years. In 2025, company’s earnings growth rate is likely to be around 28.03% while estimates for its earnings growth in next 5 years are of 19.60%.
Absci Corp (NASDAQ:ABSI)’s Major holders
Insiders are in possession of 16.81% of company’s total shares while institution are holding 63.27 percent of that, with stock having share float percentage of 76.06%. Investors also watch the number of corporate investors in a company very closely, which is 63.27% institutions for Absci Corp that are currently holding shares of the company. FMR LLC is the top institutional holder at ABSI for having 12.58 million shares of worth $38.75 million. And as of 2024-06-30, it was holding 11.1398 of the company’s outstanding shares.
The second largest institutional holder is REDMILE GROUP, LLC, which was holding about 8.25 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.3081 of outstanding shares, having a total worth of $25.42 million.
On the other hand, ARK ETF Tr-ARK Genomic Revolution ETF and Alger Small Cap Focus Fund are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 7.96 shares of worth $23.09 million or 6.93% of the total outstanding shares. The later fund manager was in possession of 5.04 shares on Oct 31, 2024 , making its stake of worth around $14.61 million in the company or a holder of 4.39% of company’s stock.
