The market performance of Absci Corp has been somewhat stable. Over the past year, the company’s stock achieved a high of $6.72 on 04/09/24, with the lowest value for the same timeframe being $1.11, recorded on 10/26/23.
52-week price history of ABSI Stock
Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Absci Corp’s current trading price is -38.84% away from its 52-week high, while its distance from the 52-week low is 269.90%. The stock’s price range for this period has remained between $1.11 and $6.72. The Healthcare sector company’s shares managed to surpass a trading volume of around 2.25 million for the day, which was noticeably higher compared to the shares’ average daily volume of 1.55 million over the last three months.
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Financial Performance and Market Capitalization
Absci Corp (ABSI) has experienced a quarterly decline of -22.31% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 464.76M and boasts a workforce of 156 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 4.62, with a change in price of -0.58. Similarly, Absci Corp recorded 1,595,571 in trading volume during the last 100 days, posting a change of -12.37%.
ABSI Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for ABSI stands at 0.06. Similarly, the long-term debt-to-equity ratio is also 0.04.
ABSI Stock Stochastic Average
As of today, the raw stochastic average of Absci Corp over the last 50 days is at 51.47%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 74.93%. Further, the company’s Stochastic %K and %D values for the last 20 days were 84.62% and 79.93%, respectively.
ABSI Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Until today this year the stock’s price performance recorded a decrease of -2.14%. However, over the last six months, the performance has been weaker by 12.91%. The price of ABSI increased 20.53% over the last 30 days. And in the last five days, it has surged by 1.99%.