In yesterday’s Wall Street session, Absci Corp (NASDAQ:ABSI) shares traded at $3.08, up 0.98% from the previous session.
ABSI stock price is now -30.18% away from the 50-day moving average and -12.20% away from the 200-day moving average. The market capitalization of the company currently stands at $348.29M.
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With the price target of $13, Scotiabank recently initiated with Sector Outperform rating for Absci Corp (NASDAQ: ABSI). On December 05, 2023, KeyBanc Capital Markets recently initiated its ‘Overweight’ rating on the stock quoting a target price of $3, while ‘H.C. Wainwright’ rates the stock as ‘Buy’
In other news, Jonasson Zachariah, CFO / CBO sold 19,859 shares of the company’s stock on Jun 13 ’24. The stock was sold for $98,892 at an average price of $4.98. Upon completion of the transaction, the CFO / CBO now directly owns 384,751 shares in the company, valued at $1.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 22 ’24, 10% Owner Phoenix Venture Partners II LP sold 3,100,000 shares of the business’s stock. A total of $13,640,000 was realized by selling the stock at an average price of $4.40. This leaves the insider owning 11,279,522 shares of the company worth $34.74 million. A total of 19.39% of the company’s stock is owned by insiders.
During the past 12 months, Absci Corp has had a low of $1.11 and a high of $6.72. As of last week, the company has a debt-to-equity ratio of 0.06, a current ratio of 7.19, and a quick ratio of 7.19. The fifty day moving average price for ABSI is $4.3673 and a two-hundred day moving average price translates $3.515225 for the stock.
The latest earnings results from Absci Corp (NASDAQ: ABSI) was released for 2024-03-31. The net profit margin was -2042.00% and return on equity was -44.20% for ABSI. The company reported revenue of $0.9 million for the quarter, compared to $1.27 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -29.24 percent.
