Absci Corp (NASDAQ:ABSI) price on current trading day, fall -3.25% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.98.
A look at the stock’s price movement, the close in the last trading session was $3.08, moving within a range at $2.81 and $3.09. Turning to its 52-week performance, $6.72 and $2.45 were the 52-week high and 52-week low respectively. Overall, ABSI moved -48.53% over the past month.
Absci Corp’s market cap currently stands at around $342.27 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-17.
The average forecast suggests up to a 9.13% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 13.53M, representing a 198.43% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ABSI is a 100% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 3 recommend ABSI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ABSI’s current price about -16.60% and -21.99% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.80, while 7-day volatility ratio is 8.60% and 9.44% in the 30-day chart. Further, Absci Corp (ABSI) has a beta value of 2.14, and an average true range (ATR) of 0.36. Analysts have given the company’s stock an average 52-week price target of $6, forecast between a low of $6 and high of $6. Looking at the price targets, the low is -101.34% off current price level while to achieve the yearly target high, price needs to move -101.34%. Nonetheless, investors will most likely welcome a -101.34% jump to $6 which is the analysts’ median price.
If we refocus on Absci Corp (NASDAQ:ABSI), historical trading data shows that trading volumes averaged 4.13 over the past 10 days and 5.57 million over the past 3 months. The company’s latest data on shares outstanding shows there are 114.19 million shares.
The 19.15% of Absci Corp’s shares are in the hands of company insiders while institutional holders own 63.13% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 19.06 million on 2025-02-28, giving us a short ratio of 3.55. The data shows that as of 2025-02-28 short interest in Absci Corp (ABSI) stood at 2446.0 of shares outstanding, with shares short rising to 18.95 million registered in 2025-01-31. Current price change has pushed the stock 13.74% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ABSI stock continues to rise going into the next quarter.
