The Street Is Finally Waking Up To Absci Corp (NASDAQ: ABSI)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

Absci Corp is listed on the NASDAQ as a member of the Healthcare sector and is a part of the Biotechnology industry. The current market capitalization of Absci Corp is $504.34M. A total of 0.85 million shares were traded on the day, compared to an average of 1.56M shares.

In the most recent transaction, Jonasson Zachariah sold 19,859 shares of ABSI for 4.98 per share on Jun 13 ’24. After the transaction, the CFO / CBO now owns 384,751 company shares. In a previous transaction on May 22 ’24, Phoenix Venture Partners II LP sold 3,100,000 shares at 4.40 per share. ABSI shares that 10% Owner owns now total 11,279,522.

Among the insiders who bought shares, Redmile Group, LLC acquired of 222,222 shares on Mar 01 ’24 at a per-share price of $4.50. This resulted in the Director holding 8,253,316 shares of ABSI after the transaction.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, ABSI has a high of $6.72 and a low of $1.11.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ABSI’s latest balance sheet shows that the firm has $252.57M in Cash & Short Term Investments as of fiscal 2021. There were $20.01M in debt and $33.86M in liabilities at the time. Its Book Value Per Share was $2.12, while its Total Shareholder’s Equity was $366.11M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ABSI is Buy with a score of 4.71.

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