A new trading day began on Tuesday, with Absci Corp (NASDAQ: ABSI) stock price up 11.03% from the previous day of trading, before settling in for the closing price of $2.90. ABSI’s price has ranged from $2.45 to $6.72 over the past 52 weeks.
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Annual sales at Healthcare sector company grew by 37.94% over the past five years. Meanwhile, its annual earnings per share averaged 29.44%. With a float of $92.27 million, this company’s outstanding shares have now reached $114.19 million.
Let’s look at the performance matrix of the company that is accounted for 156 employees. In terms of profitability, gross margin is -144.45%, operating margin of -2456.69%, and the pretax margin is -2319.25%.
Absci Corp (ABSI) 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 Absci Corp is 19.67%, while institutional ownership is 62.31%. 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) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.16 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 29.44% per share during the next fiscal year.
Absci Corp (NASDAQ: ABSI) Trading Performance Indicators
Here are Absci Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 5.63. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 87.85.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.94, a number that is poised to hit -0.22 in the next quarter and is forecasted to reach -0.75 in one year’s time.
Technical Analysis of Absci Corp (ABSI)
Absci Corp (NASDAQ: ABSI) saw its 5-day average volume 3.61 million, a negative change from its year-to-date volume of 8.31 million. As of the previous 9 days, the stock’s Stochastic %D was 22.50%. Additionally, its Average True Range was 0.35.
During the past 100 days, Absci Corp’s (ABSI) raw stochastic average was set at 36.24%, which indicates a significant decrease from 40.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 120.09% in the past 14 days, which was higher than the 98.27% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.14, while its 200-day Moving Average is $3.96. Nevertheless, the first resistance level for the watch stands at $3.38 in the near term. At $3.55, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.81. If the price goes on to break the first support level at $2.95, it is likely to go to the next support level at $2.69. The third support level lies at $2.52 if the price breaches the second support level.
Absci Corp (NASDAQ: ABSI) Key Stats
With a market capitalization of 369.84 million, the company has a total of 114,856K Shares Outstanding. Currently, annual sales are 5,720 K while annual income is -110,570 K. The company’s previous quarter sales were 1,700 K while its latest quarter income was -27,400 K.
