In the last trading session, 1.38 million Abacus Global Management Inc (NASDAQ:ABL) shares changed hands as the company’s beta touched -0.00. With the company’s per share price at $5.14 changed hands at $0.5 or 10.78% during last session, the market valuation stood at $491.47M. ABL’s last price was a discount, traded about -130.74% off its 52-week high of $11.86. The share price had its 52-week low at $4.60, which suggests the last value was 10.51% up since then. When we look at Abacus Global Management Inc’s average trading volume, we note the 10-day average is 1.3 million shares, with the 3-month average coming to 896.36K.
Analysts gave the Abacus Global Management Inc (ABL) 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 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ABL as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight.
Abacus Global Management Inc (NASDAQ:ABL) trade information
Instantly ABL was in green as seen at the end of in last trading. With action -5.69%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -41.66%, with the 5-day performance at -5.69% in the red. However, in the 30-day time frame, Abacus Global Management Inc (NASDAQ:ABL) is -33.33% down. Looking at the short shares, we see there were 3.32 million shares sold at short interest cover period of 2.48 days.
The consensus price target for the stock as assigned by Wall Street analysts is 13.5, meaning bulls need an upside of 61.93% from its current market value. According to analyst projections, ABL’s forecast low is 12 with 15 as the target high. To hit the forecast high, the stock’s price needs a -191.83% plunge from its current level, while the stock would need to soar -133.46% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -7.85%. The 2025 estimates are for Abacus Global Management Inc earnings to increase by 15.19%, but the outlook for the next 5-year period is at 21.40% per year.
ABL Dividends
Abacus Global Management Inc is expected to release its next quarterly earnings report on 2025-May-08.
Abacus Global Management Inc (NASDAQ:ABL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 63.52% of Abacus Global Management Inc shares while 28.63% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 78.49%. There are 28.63% institutions holding the Abacus Global Management Inc stock share, with ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC the top institutional holder. As of 2024-06-30, the company held 1.7942% of the shares, roughly 1.15 million ABL shares worth $9.91 million.
ALYESKA INVESTMENT GROUP, L.P. holds the second largest percentage of outstanding shares, with 1.6446% or 1.05 million shares worth $9.08 million as of 2024-06-30.
Among Mutual Funds, the top two as of Mar 31, 2025 were RMB Investors Trust-RMB Mendon Financial Services Fund and ALLSPRING FUNDS TRUST-Allspring Special Small Cap Value Fund . With 1.27 shares estimated at $6.55 million under it, the former controlled 1.32% of total outstanding shares. On the other hand, ALLSPRING FUNDS TRUST-Allspring Special Small Cap Value Fund held about 1.11% of the shares, roughly 1.07 shares worth around $5.5 million.
