AbCellera Biologics Inc. (NASDAQ:ABCL) shares, rose in value on Wednesday, Jan 13, with the stock price up by 9.84% to the previous day’s close as strong demand from buyers drove the stock to $43.88.
Actively observing the price movement in the last trading, the stock closed the session at $39.95, falling within a range of $39.76 and $44.94. The value of beta (5-year monthly) was 0 whereas the PE ratio was 2437.78 over 12-month period. Referring to stock’s 52-week performance, its high was $71.91, and the low was $36.27. On the whole, ABCL has fluctuated by -25.5% over the past month.
5 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by none analyst(s), 5 recommend it as a Buy and no body called the ABCL stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and none think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ABCL currently trading nearly 2.75% and 0.92% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 0, while the 7-day volatility ratio is showing 1004.% which for the 30-day chart, stands at 9.98%. Furthermore, AbCellera Biologics Inc. (ABCL)’s beta value is 0, and its average true range (ATR) is 4.92. The company’s stock has been forecasted to trade at an average price of $51.4 over the course of the next 52 weeks, with a low of $45 and a high of $59. Based on these price targets, the low is 2.55 off current price, whereas the price has to move +34.46% to reach the yearly target high. Additionally, analysts’ median price of $52 is likely to be welcomed by investors because it represents an increase of +18.51% from the current levels.
A comparison of AbCellera Biologics Inc. (ABCL) with its peers suggests the former has fared considerably better in the market. ABCL showed an intraday change of +9.84% in last session, and over the past year, it dropped by 0%. In comparison, Bristol-Myers Squibb Company (BMY) has moved lower at -1.07% on the day and was down -2.57% over the past 12 months. On the other hand, the price of Amgen Inc (AMGN) has risen 0.49% on the day. The stock, however, is off -0.94% from where it was a year ago. Additionally, there is a gain of 984% for Gilead Sciences Inc (GILD) in last trading while the stock has seen an overall depriciation of 0% over the past year. The PE ratio stands at 2437.78 for AbCellera Biologics Inc., compared to 0 for Bristol-Myers Squibb Company, and 19.17 for Amgen Inc. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.23%. Meanwhile, the Dow Jones Industrial weakened by -0.03%.
Data on historical trading for AbCellera Biologics Inc. (NASDAQ:ABCL) indicates that the trading volumes over the past 10 days have averaged 1.43 Million and over the past 3 months, they’ve averaged 1.72 Million. According to company’s latest data on outstanding shares, there are 269.19 Million shares outstanding.
Even if you’re not actively in crypto, you deserve to know what’s actually going on..
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets are already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.