Absci Corp experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $6.72 on 04/09/24, while the lowest price for the same period was registered at $1.11 on 10/26/23.
52-week price history of ABSI Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Absci Corp’s current trading price is -33.78% away from its 52-week high, while its distance from the 52-week low is 300.50%. The stock’s price range during this period has spanned from $1.11 to $6.72. In the Healthcare sector, the Absci Corp’s shares surpassed a trading volume of approximately 1.07 million for the day, which was noticeably lower compared to the average daily volume of 9.1.56 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Absci Corp (ABSI) has experienced a quarterly decline of -1.33% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 503.21M and boasts a workforce of 156 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 4.60, with a change in price of -0.24. Similarly, Absci Corp recorded 1,537,316 in trading volume during the last 100 days, posting a change of -5.12%.
Examining ABSI’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the 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
Today, Absci Corp’s raw stochastic average for the past 50 days stands at 64.77%, indicating a decline from the raw stochastic average of the last 20 days, which was 93.94%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 77.45% and 75.18% 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. This year’s metric has recorded a Price increase of 5.95%. However, over the past six months, we’ve seen a weaker performance of 23.10%. The price of ABSI fallen by 47.35% over the last 30 days. And in the last five days, it has surged by 2.30%.