Abacus Global Management Inc (NASDAQ: ABL) kicked off on Monday, down -5.47% from the previous trading day, before settling in for the closing price of $5.85. Over the past 52 weeks, ABL has traded in a range of $4.60-$9.61.
Financial Sector giant saw their annual sales slid by -7.85% over the last five years. While this was happening, its average annual earnings per share was recorded 19.19%. With a float of $36.67 million, this company’s outstanding shares have now reached $91.82 million.
Abacus Global Management Inc (ABL) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Insurance – Life Industry. The insider ownership of Abacus Global Management Inc is 62.10%, while institutional ownership is 28.08%. 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 (ABL) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.2 earnings per share (EPS), higher than consensus estimate (set at 0.14) by 0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.19 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 19.19% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 19.37% during the next five years compared to -7.85% drop over the previous five years of trading.
Abacus Global Management Inc (NASDAQ: ABL) Trading Performance Indicators
Take a look at Abacus Global Management Inc’s (ABL) current performance indicators. Last quarter, stock had a quick ratio of 0.76. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.28.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.06, a number that is poised to hit 0.18 in the next quarter and is forecasted to reach 0.99 in one year’s time.
Technical Analysis of Abacus Global Management Inc (ABL)
Analysing the last 5-days average volume posted by the [Abacus Global Management Inc, ABL], we can find that recorded value of 0.85 million was better than the volume posted last year of 0.64 million. As of the previous 9 days, the stock’s Stochastic %D was 38.10%.
During the past 100 days, Abacus Global Management Inc’s (ABL) raw stochastic average was set at 36.05%, which indicates a significant increase from 25.14% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.35 in the past 14 days, which was higher than the 0.31 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.22, while its 200-day Moving Average is $6.83. Now, the first resistance to watch is $5.80. This is followed by the second major resistance level at $6.07. The third major resistance level sits at $6.22. If the price goes on to break the first support level at $5.38, it is likely to go to the next support level at $5.23. Should the price break the second support level, the third support level stands at $4.96.
Abacus Global Management Inc (NASDAQ: ABL) Key Stats
The company with the Market Capitalisation of 535.11 million has total of 96,765K Shares Outstanding. Its annual sales at the moment are 111,920 K in contrast with the sum of -23,960 K annual income. Company’s last quarter sales were recorded 56,220 K and last quarter income was 17,580 K.
