Absci Corp (NASDAQ:ABSI) shares, rose in value on Thursday, March 27, with the stock price down by -3.10% to the previous day’s close as strong demand from buyers drove the stock to $2.81.
Actively observing the price movement in the last trading, the stock closed the session at $2.90, falling within a range of $2.8 and $2.93. The value of beta (5-year monthly) was 2.105. Referring to stock’s 52-week performance, its high was $6.72, and the low was $2.45. On the whole, ABSI has fluctuated by -33.41% over the past month.
With the market capitalization of Absci Corp currently standing at about $357.81 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-17.
Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.07M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ABSI’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of ABSI currently trading nearly -10.07% and -26.38% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.84, while the 7-day volatility ratio is showing 4.81% which for the 30-day chart, stands at 7.64%. Furthermore, Absci Corp (ABSI)’s beta value is 2.17, and its average true range (ATR) is 0.29.
A comparison of Absci Corp (ABSI) with its peers suggests the former has fared considerably weaker in the market. ABSI showed an intraday change of -3.10% in last session, and over the past year, it shrunk by -44.47%%.
Data on historical trading for Absci Corp (NASDAQ:ABSI) indicates that the trading volumes over the past 10 days have averaged 3.77 and over the past 3 months, they’ve averaged 5.68 million. According to company’s latest data on outstanding shares, there are 115.36 million shares outstanding.
Nearly 19.15% of Absci Corp’s shares belong to company insiders and institutional investors own 56.94% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 18.83 million shares as on 2025-03-14, resulting in a short ratio of 3.74. According to the data, the short interest in Absci Corp (ABSI) stood at 2082.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 20.06 million. The stock has risen by 7.25% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ABSI stock heading into the next quarter.
