In the latest trading session, 0.72 million Absci Corp (NASDAQ:ABSI) shares changed hands as the company’s beta touched 2.08. With the company’s most recent per share price at $2.38 changing hands around $0.06 or 2.80% at last look, the market valuation stands at $303.74M. ABSI’s current price is a discount, trading about -182.35% off its 52-week high of $6.72. The share price had its 52-week low at $2.01, which suggests the last value was 15.55% up since then. When we look at Absci Corp’s average trading volume, we note the 10-day average is 3.22 million shares, with the 3-month average coming to 5.73 million.
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 is in green as seen in intraday trades today. With action -0.63%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -8.97%, with the 5-day performance at -0.63% in the red. However, in the 30-day time frame, Absci Corp (NASDAQ:ABSI) is -22.06% down. Looking at the short shares, we see there were 18.83 million shares sold at short interest cover period of 3.74 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6, meaning bulls need an upside of 60.33% from its recent 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 -152.1% plunge from its current level, while the stock would need to soar -152.1% for it to hit the projected low.
Absci Corp (ABSI) estimates and forecasts
Year-over-year growth is forecast to reach 151.31% up from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 1.07M. 7 analysts are of the opinion that Absci Corp’s revenue for the current quarter will be 1.3M. The company’s revenue for the corresponding quarters a year ago was 898k and 1.27M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 19.31%. The estimates for the next quarter sales put growth at 2.36%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -29.30%. The 2025 estimates are for Absci Corp earnings to increase by 10.50%, but the outlook for the next 5-year period is at 18.89% per year.
Absci Corp (NASDAQ:ABSI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 15.17% of Absci Corp shares while 58.42% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 68.86%. There are 58.42% institutions holding the Absci Corp stock share, with FMR LLC the top institutional holder. As of 2024-06-30, the company held 11.1398% of the shares, roughly 12.58 million ABSI shares worth $38.75 million.
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 Mar 31, 2025 were ARK ETF Trust-ARK Genomic Revolution ETF and Fidelity Mt. Vernon Street Trust-Fidelity Growth Company Fund. With 10.44 shares estimated at $24.28 million under it, the former controlled 8.20% of total outstanding shares. On the other hand, Fidelity Mt. Vernon Street Trust-Fidelity Growth Company Fund held about 3.97% of the shares, roughly 5.06 shares worth around $11.76 million.
