In today’s recent session, 0.68 million shares of the Absci Corp (NASDAQ:ABSI) have been traded, and its beta is 2.16. Most recently the company’s share price was $3.10, and it changed around $0.09 or 2.82% from the last close, which brings the market valuation of the company to $394.10M. ABSI at last check was trading at a discount to its 52-week high of $6.72, offering almost -116.77% off that amount. The share price’s 52-week low was $2.45, which indicates that the recent value has risen by an impressive 20.97% since then. We note from Absci Corp’s average daily trading volume that its 10-day average is 4.08 million shares, with the 3-month average coming to 5.60 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 been showing a green trend so far today with a performance of 2.82% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 3.16 on recent trading dayincreased the stock’s daily price by 1.9%. The company’s shares are currently up 18.13% year-to-date, but still down -3.58% over the last five days. On the other hand, Absci Corp (NASDAQ:ABSI) is -37.60% down in the 30-day period. We can see from the shorts that 19.06 million shares have been sold at a short interest cover period of 3.55 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 48.33% 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 170.04%, up from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 1.07M in revenue for the current quarter. 7 analysts expect Absci Corp to make 1.3M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 898k and 1.27M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 19.31%. Forecasts for the next quarter put sales growth at 2.36%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -29.30%. Absci Corp earnings are expected to increase by 10.76% in 2025, but the outlook is positive 18.87% per year for the next five years.
Absci Corp (NASDAQ:ABSI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 15.17% of Absci Corp shares, and 56.65% of them are in the hands of institutional investors. The stock currently has a share float of 66.77%. Absci Corp stock is held by 172.0 institutions, with FMR LLC being the largest institutional investor. By 2024-06-30, it held 11.1398% of the shares, which is about 12.58 million shares worth $38.75 million.
REDMILE GROUP, LLC, with 7.3081% or 8.25 million shares worth $25.42 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
ARK Genomic Revolution ETF and Alger Small Cap Focus Fund were the top two Mutual Funds as of Feb 28, 2025. The former held 9.6 shares worth $29.62 million, making up 7.54% of all outstanding shares. On the other hand, Alger Small Cap Focus Fund held roughly 5.04 shares worth around $15.55 million, which represents about 3.96% of the total shares outstanding.
