In today’s recent session, 0.31 million shares of the AbCellera Biologics Inc (NASDAQ:ABCL) have been traded, and its beta is 0.43. Most recently the company’s share price was $2.49, and it changed around -$0.1 or -3.67% from the last close, which brings the market valuation of the company to $743.48M. ABCL at last check was trading at a discount to its 52-week high of $4.75, offering almost -90.76% off that amount. The share price’s 52-week low was $2.11, which indicates that the recent value has risen by an impressive 15.26% since then. We note from AbCellera Biologics Inc’s average daily trading volume that its 10-day average is 3.74 million shares, with the 3-month average coming to 4.10 million.
AbCellera Biologics Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.25. If we narrow it down even further, the data shows that 0 out of 9 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 1 recommended ABCL as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. AbCellera Biologics Inc is expected to report earnings per share of -0.14 for the current quarter.
AbCellera Biologics Inc (NASDAQ:ABCL) trade information
Instantly ABCL has been showing red trend so far today with a performance of -3.67% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.60 on recent trading dayincreased the stock’s daily price by 4.23%. The company’s shares are currently down -14.85% year-to-date, but still up 6.17% over the last five days. On the other hand, AbCellera Biologics Inc (NASDAQ:ABCL) is -16.56% down in the 30-day period. We can see from the shorts that 19.9 million shares have been sold at a short interest cover period of 4.65 day(s).
The consensus price target as assigned by Wall Street analysts is $5, which translates to bulls needing to increase their stock price by 50.2% from its current value. Analyst projections state that ABCL is forecast to be at a low of $5 and a high of $5.
AbCellera Biologics Inc (ABCL) estimates and forecasts
The year-over-year growth rate is expected to be -8.82%, down from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 7.12M in revenue for the current quarter. 7 analysts expect AbCellera Biologics Inc to make 6.71M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 9.95M and 7.32M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -28.43%. Forecasts for the next quarter put sales growth at -8.32%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -107.74%. AbCellera Biologics Inc earnings are expected to increase by -10.53% in 2025, but the outlook is negative -9.14% per year for the next five years.
AbCellera Biologics Inc (NASDAQ:ABCL)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 22.88% of AbCellera Biologics Inc shares, and 42.47% of them are in the hands of institutional investors. The stock currently has a share float of 55.07%. AbCellera Biologics Inc stock is held by 200.0 institutions, with BAKER BROS. ADVISORS LP being the largest institutional investor. By 2024-06-30, it held 9.3556% of the shares, which is about 27.53 million shares worth $81.48 million.
BAILLIE GIFFORD & CO, with 7.4472% or 21.91 million shares worth $64.86 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
SMALLCAP WORLD FUND INC and iShares Biotechnology ETF were the top two Mutual Funds as of Dec 31, 2024. The former held 7.54 shares worth $18.85 million, making up 2.53% of all outstanding shares. On the other hand, iShares Biotechnology ETF held roughly 1.39 shares worth around $3.48 million, which represents about 0.47% of the total shares outstanding.
