A new trading day began on Friday, with Abacus Global Management Inc (NASDAQ: ABL) stock price up 10.10% from the previous day of trading, before settling in for the closing price of $7.13. ABL’s price has ranged from $6.34 to $12.50 over the past 52 weeks.
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A company in the Financial sector has jumped its sales by 18.02% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 15.00%. With a float of $34.55 million, this company’s outstanding shares have now reached $95.68 million.
In an organization with 157 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 88.36%, operating margin of -1.38%, and the pretax margin is -17.23%.
Abacus Global Management Inc (ABL) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Insurance – Life Industry. The insider ownership of Abacus Global Management Inc is 64.32%, while institutional ownership is 27.69%. 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 15.00% per share during the next fiscal year.
Abacus Global Management Inc (NASDAQ: ABL) Trading Performance Indicators
Here are Abacus Global Management Inc’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.65.
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 0.95 in one year’s time.
Technical Analysis of Abacus Global Management Inc (ABL)
Let’s dig in a bit further. During the last 5-days, its volume was 0.72 million. That was better than the volume of 0.28 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 58.31%. Additionally, its Average True Range was 0.58.
During the past 100 days, Abacus Global Management Inc’s (ABL) raw stochastic average was set at 52.61%, which indicates a significant decrease from 63.98% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 78.74% in the past 14 days, which was higher than the 50.52% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.53, while its 200-day Moving Average is $8.62. However, in the short run, Abacus Global Management Inc’s stock first resistance to watch stands at $8.16. Second resistance stands at $8.48. The third major resistance level sits at $8.97. If the price goes on to break the first support level at $7.35, it is likely to go to the next support level at $6.86. The third support level lies at $6.54 if the price breaches the second support level.
Abacus Global Management Inc (NASDAQ: ABL) Key Stats
With a market capitalization of 760.27 million, the company has a total of 96,853K Shares Outstanding. Currently, annual sales are 111,920 K while annual income is -23,960 K. The company’s previous quarter sales were 33,210 K while its latest quarter income was -18,260 K.
