Abacus Global Management Inc (NASDAQ:ABL) price remained unchanged from its previous close.
A look at the daily price movement shows that the last close reads $6.18. Taking into account the 52-week price action we note that the stock hit a 52-week high of $12.39 and 52-week low of $5.10. The stock subtracted -30.01% on its value in the past month.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 2 analysts have assigned ABL a recommendation rating as follows: 0 rate it as a Hold; 2 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Abacus Global Management Inc (ABL) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that ABL’s price is at present -20.19% off the SMA20 and -21.41% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 26.49, with weekly volatility standing at 4.34%. The indicator jumps to 5.77% when calculated based on the past 30 days. Abacus Global Management Inc (NASDAQ:ABL)’s beta value is holding at 0.10, while the average true range (ATR) indicator is currently reading 0.50. Considering analysts have assigned the stock a price target range of $12-$15 as the low and high respectively, we find the trailing 12-month average consensus price target to be $13.5. Based on this estimate, we see that current price is roughly -94.17% off the estimated low and -142.72% off the forecast high. Investors will no doubt be excited to see the share price fall to $13.5, which is the median consensus price, and at that level ABL would be -118.45% from current price.
Current records show that the company has 95.80M in outstanding shares. The insiders’ percentage holdings are 64.32% of outstanding shares while the percentage share held by institutions stands at 28.82%. But the -21.07% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
