Searching For Real Value In Market Debris At Absci Corp (NASDAQ: ABSI)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NASDAQ listed company, ABSI falls under the Healthcare sector while operating within the Biotechnology industry segment. The current market capitalization of Absci Corp is $380.44M. A total of 3.19 million shares were traded on the day, compared to an average of 1.08M 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.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, ABSI has a high of $6.72 and a low of $2.02.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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 $1.76, while its Total Shareholder’s Equity was $366.11M.

Analysts Opinion

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. 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 4.75.

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