Abacus Global Management Inc (NASDAQ:ABL) shares, rose in value on Wednesday, June 18, with the stock price up by 2.34% to the previous day’s close as strong demand from buyers drove the stock to $5.68.
Actively observing the price movement in the last trading, the stock closed the session at $5.55, falling within a range of $5.425 and $5.7428. The value of beta (5-year monthly) was 0.105. Referring to stock’s 52-week performance, its high was $11.86, and the low was $5.10. On the whole, ABL has fluctuated by -36.25% over the past month.
With the market capitalization of Abacus Global Management Inc currently standing at about $543.10 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-08.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ABL’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% Sell 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 ABL currently trading nearly -17.03% and -26.06% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 27.74, while the 7-day volatility ratio is showing 5.70% which for the 30-day chart, stands at 6.13%. Furthermore, Abacus Global Management Inc (ABL)’s beta value is 0.10, and its average true range (ATR) is 0.47.
A comparison of Abacus Global Management Inc (ABL) with its peers suggests the former has fared considerably weaker in the market. ABL showed an intraday change of 2.34% in last session, and over the past year, it shrunk by -44.85%%.
Data on historical trading for Abacus Global Management Inc (NASDAQ:ABL) indicates that the trading volumes over the past 10 days have averaged 1.82 and over the past 3 months, they’ve averaged 778.67K. According to company’s latest data on outstanding shares, there are 95.80 million shares outstanding.
Nearly 64.48% of Abacus Global Management Inc’s shares belong to company insiders and institutional investors own 28.76% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.25 million shares as on 2025-05-30, resulting in a short ratio of 5.03. According to the data, the short interest in Abacus Global Management Inc (ABL) stood at 2006.00 of shares outstanding as of 2025-05-30; the number of short shares registered in 2025-04-30 reached 1.21 million. The stock has fallen by -27.46% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ABL stock heading into the next quarter.
