Abacus Global Management Inc (NYSE: ABX) on Friday, plunged -7.37% from the previous trading day, before settling in for the closing price of $8.55. Within the past 52 weeks, ABX’s price has moved between $4.60 and $9.61.
Annual sales at Financial sector company slipped by -7.85% over the past five years. The company achieved an average annual earnings per share of 24.16%. With a float of $37.73 million, this company’s outstanding shares have now reached $97.70 million.
Abacus Global Management Inc (ABX) Insider and Institutional Ownership
Observing investor behavior towards Insurance – Life industry stocks is more important than anything else. The insider ownership of Abacus Global Management Inc is 61.40%, while institutional ownership is 30.61%. The most recent insider transaction that took place on Jun 04 ’25, was worth 497,759. In this transaction Co-Founder and President of this company bought 86,207 shares at a rate of $5.77, taking the stock ownership to the 12,455,707 shares. Before that another transaction happened on Jun 04 ’25, when Company’s Co-Founder and President bought 86,207 for $5.77, making the entire transaction worth $497,759. This insider now owns 12,447,415 shares in total.
Abacus Global Management Inc (ABX) Latest Financial update
As on 12/31/2024, Multinational firm has announced its last quarter scores, in which it reported 0.16 earnings per share (EPS) for the period topping the consensus outlook (set at 0.14) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.21 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 24.16% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 19.65% during the next five years compared to -7.85% drop over the previous five years of trading.
Abacus Global Management Inc (NYSE: ABX) Trading Performance Indicators
Abacus Global Management Inc (ABX) is currently performing well based on its current performance indicators. A quick ratio of 0.93 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.91.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.08, a number that is poised to hit 0.19 in the next quarter and is forecasted to reach 1.00 in one year’s time.
Technical Analysis of Abacus Global Management Inc (ABX)
As of the previous 9 days, the stock’s Stochastic %D was 27.77%.
During the past 100 days, Abacus Global Management Inc’s (ABX) raw stochastic average was set at 73.92%, which indicates a significant increase from 0.96% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.37 in the past 14 days, which was higher than the 0.35 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.83, while its 200-day Moving Average is $6.67.
Abacus Global Management Inc (NYSE: ABX) Key Stats
Market capitalization of the company is 774.20 million based on 97,753K outstanding shares. Right now, sales total 8,374 M and income totals 1,438 M. The company made 62,975 K in profit during its latest quarter, and 7,075 K in sales during its previous quarter.
