On Monday, Absci Corp (NASDAQ: ABSI) opened lower -3.78% from the last session, before settling in for the closing price of $3.97. Price fluctuations for ABSI have ranged from $1.11 to $6.72 over the past 52 weeks.
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Healthcare Sector giant saw their annual sales surged by 37.94% over the last five years. Company’s average yearly earnings per share was noted 35.83% at the time writing. With a float of $92.12 million, this company’s outstanding shares have now reached $93.09 million.
The firm has a total of 156 workers. Let’s measure their productivity.
Absci Corp (ABSI) Insider Activity
A key investor’s attitude towards the stock of the Biotechnology industry is another important factor to consider. The insider ownership of Absci Corp is 18.88%, while institutional ownership is 58.43%. The most recent insider transaction that took place on Jun 13 ’24, was worth 98,892. In this transaction CFO / CBO of this company sold 19,859 shares at a rate of $4.98, taking the stock ownership to the 384,751 shares. Before that another transaction happened on May 22 ’24, when Company’s 10% Owner sold 3,100,000 for $4.40, making the entire transaction worth $13,640,000. This insider now owns 11,279,522 shares in total.
Absci Corp (ABSI) Earnings and Forecasts
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According to the Wall Street analysts, stocks earnings will be around 35.83% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 23.30% during the next five years compared to -46.78% drop over the previous five years of trading.
Absci Corp (NASDAQ: ABSI) Trading Performance Indicators
Check out the current performance indicators for Absci Corp (ABSI). In the past quarter, the stock posted a quick ratio of 6.49. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 133.48.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.93, a number that is poised to hit -0.19 in the next quarter and is forecasted to reach -0.65 in one year’s time.
Technical Analysis of Absci Corp (ABSI)
Analysing the last 5-days average volume posted by the [Absci Corp, ABSI], we can find that recorded value of 0.64 million was lower than the volume posted last year of 1.39 million. As of the previous 9 days, the stock’s Stochastic %D was 28.65%. Additionally, its Average True Range was 0.28.
During the past 100 days, Absci Corp’s (ABSI) raw stochastic average was set at 40.12%, which indicates a significant increase from 27.91% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 62.73% in the past 14 days, which was lower than the 83.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.06, while its 200-day Moving Average is $4.31. Now, the first resistance to watch is $3.97. This is followed by the second major resistance level at $4.13. The third major resistance level sits at $4.24. If the price goes on to break the first support level at $3.71, it is likely to go to the next support level at $3.60. Should the price break the second support level, the third support level stands at $3.44.
Absci Corp (NASDAQ: ABSI) Key Stats
There are currently 113,084K shares outstanding in the company with a market cap of 433.80 million. Presently, the company’s annual sales total 5,720 K according to its annual income of -110,570 K. Last quarter, the company’s sales amounted to 1,270 K and its income totaled -24,750 K.
