A new trading day began on June 22, 2022, with AbCellera Biologics Inc. (NASDAQ: ABCL) stock priced at $9.67, up 4.89% from the previous day of trading. During the day, the shares moved up to $10.71 and dropped to $9.611 before settling in for the closing price of $9.81. ABCL’s price has ranged from $5.42 to $22.85 over the past 52 weeks.
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Meanwhile, its annual earnings per share averaged 6.70%. With a float of $204.49 million, this company’s outstanding shares have now reached $283.89 million.
Let’s look at the performance matrix of the company that is accounted for 386 employees.
AbCellera Biologics Inc. (ABCL) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Biotechnology Industry. The insider ownership of AbCellera Biologics Inc. is 20.40%, while institutional ownership is 40.30%. The most recent insider transaction that took place on Jun 14, was worth 73,842. In this transaction 10% Owner of this company bought 9,173 shares at a rate of $8.05, taking the stock ownership to the 55,644,391 shares. Before that another transaction happened on Jun 13, when Company’s 10% Owner bought 54,915 for $8.03, making the entire transaction worth $441,066. This insider now owns 55,635,218 shares in total.
AbCellera Biologics Inc. (ABCL) Latest Financial update
In its latest quarterly report, released on 3/30/2022, the company reported earnings of $0.54 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +40.90 while generating a return on equity of 16.53. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 6.70% per share during the next fiscal year.
AbCellera Biologics Inc. (NASDAQ: ABCL) Trading Performance Indicators
Here are AbCellera Biologics Inc.’s current performance indicators. According to the last quarter’s results, the stock had a price to sales ratio for the trailing twelve months stands at 5.48. Likewise, its price to free cash flow for the trailing twelve months is 16.14.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.65, a number that is poised to hit 0.05 in the next quarter and is forecasted to reach -0.48 in one year’s time.
Technical Analysis of AbCellera Biologics Inc. (ABCL)
AbCellera Biologics Inc. (NASDAQ: ABCL) saw its 5-day average volume 3.89 million, a positive change from its year-to-date volume of 2.11 million. As of the previous 9 days, the stock’s Stochastic %D was 83.31%. Additionally, its Average True Range was 0.69.
During the past 100 days, AbCellera Biologics Inc.’s (ABCL) raw stochastic average was set at 92.06%, which indicates a significant increase from 87.41% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.67% in the past 14 days, which was lower than the 75.57% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.06, while its 200-day Moving Average is $11.88. Nevertheless, the first resistance level for the watch stands at $10.80 in the near term. At $11.30, the stock is likely to face the second major resistance level. The third major resistance level sits at $11.90. If the price goes on to break the first support level at $9.70, it is likely to go to the next support level at $9.10. The third support level lies at $8.60 if the price breaches the second support level.
AbCellera Biologics Inc. (NASDAQ: ABCL) Key Stats
With a market capitalization of 2.68 billion, the company has a total of 284,536K Shares Outstanding. Currently, annual sales are 375,200 K while annual income is 153,460 K. The company’s previous quarter sales were 316,580 K while its latest quarter income was 168,570 K.