On Friday, Abacus Global Management Inc (NASDAQ: ABL) was 6.57% up from the session before settling in for the closing price of $7.15. A 52-week range for ABL has been $6.75 – $12.50.
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When this article was written, the company’s average yearly earnings per share was at 17.12%. With a float of $34.53 million, this company’s outstanding shares have now reached $95.68 million.
The extent of productivity of a business whose workforce counts for 157 workers is very important to gauge. In terms of profitability, gross margin is 89.28%, operating margin of 16.66%, and the pretax margin is -10.03%.
Abacus Global Management Inc (ABL) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Abacus Global Management Inc stocks. The insider ownership of Abacus Global Management Inc is 64.27%, while institutional ownership is 27.75%. The most recent insider transaction that took place on Dec 20 ’24, was worth 606,400. In this transaction Co-Founder and President of this company sold 75,800 shares at a rate of $8.00, taking the stock ownership to the 12,361,500 shares. Before that another transaction happened on Dec 20 ’24, when Company’s Co-Founder and President sold 75,800 for $8.00, making the entire transaction worth $606,400. This insider now owns 10,014,154 shares in total.
Abacus Global Management Inc (ABL) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 17.12% per share during the next fiscal year.
Abacus Global Management Inc (NASDAQ: ABL) Trading Performance Indicators
You can see what Abacus Global Management Inc (ABL) is doing with its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.45.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.30, a number that is poised to hit 0.15 in the next quarter and is forecasted to reach 0.96 in one year’s time.
Technical Analysis of Abacus Global Management Inc (ABL)
The latest stats from [Abacus Global Management Inc, ABL] show that its last 5-days average volume of 0.27 million was superior to 0.24 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 17.52%. Additionally, its Average True Range was 0.50.
During the past 100 days, Abacus Global Management Inc’s (ABL) raw stochastic average was set at 34.80%, which indicates a significant increase from 33.68% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 48.32% in the past 14 days, which was higher than the 45.50% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.61, while its 200-day Moving Average is $8.74. Now, the first resistance to watch is $8.38. This is followed by the second major resistance level at $9.14. The third major resistance level sits at $9.58. If the price goes on to break the first support level at $7.18, it is likely to go to the next support level at $6.74. The third support level lies at $5.98 if the price breaches the second support level.
Abacus Global Management Inc (NASDAQ: ABL) Key Stats
There are 96,645K outstanding shares of the company, which has a market capitalization of 736.43 million. As of now, sales total 66,400 K while income totals 9,520 K. Its latest quarter income was 28,150 K while its last quarter net income were -5,130 K.
