Absci Corp (NASDAQ:ABSI) has a beta value of 2.20 and has seen 0.68 million shares traded in the recent trading session. The company, currently valued at $325.49M, closed the recent trade at $2.56 per share which meant it lost -$0.14 on the day or -5.33% during that session. The ABSI stock price is -162.5% off its 52-week high price of $6.72 and 4.3% above the 52-week low of $2.45. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.49 million shares traded. The 3-month trading volume is 5.63 million shares.
The consensus among analysts is that Absci Corp (ABSI) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 3 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight.
Absci Corp (NASDAQ:ABSI) trade information
Sporting -5.33% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ABSI stock price touched $2.56 or saw a rise of 18.47%. Year-to-date, Absci Corp shares have moved -2.44%, while the 5-day performance has seen it change -17.54%. Over the past 30 days, the shares of Absci Corp (NASDAQ:ABSI) have changed -33.61%. Short interest in the company has seen 18.83 million shares shorted with days to cover at 3.74.
Wall Street analysts have a consensus price target for the stock at $6, which means that the shares’ value could jump 57.33% from the levels at last check today.. The projected low price target is $6.0 while the price target rests at a high of $6.0. In that case, then, we find that the latest price level in today’s session is -134.38% off the targeted high while a plunge would see the stock gain -134.38% from the levels at last check today..
Absci Corp (ABSI) estimates and forecasts
The company’s shares have lost -37.81% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -29.30% over the past 5 years. Earnings growth for 2025 is a modest 10.50% while over the next 5 years, the company’s earnings are expected to increase by 18.89%.
ABSI Dividends
Absci Corp is expected to release its next earnings report on 2025-Mar-17 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Absci Corp (NASDAQ:ABSI)’s Major holders
Insiders own 15.17% of the company shares, while shares held by institutions stand at 58.22% with a share float percentage of 68.63%. Investors are also buoyed by the number of investors in a company, with Absci Corp having a total of 173.0 institutions that hold shares in the company. The top two institutional holders are FMR LLC with over 12.58 million shares worth more than $38.75 million. As of 2024-06-30, FMR LLC held 11.1398% of shares outstanding.
The other major institutional holder is REDMILE GROUP, LLC, with the holding of over 8.25 million shares as of 2024-06-30. The firm’s total holdings are worth over $25.42 million and represent 7.3081% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are ARK ETF Trust-ARK Genomic Revolution ETF and ALGER FUNDS-Alger Small Cap Focus Fund . As of Feb 28, 2025 , the former fund manager holds about 7.54% shares in the company for having 9.6 shares of worth $24.25 million while later fund manager owns 4.71 shares of worth $11.88 million as of Jan 31, 2025 , which makes it owner of about 3.70% of company’s outstanding stock.
