Absci Corp Stock Price on May 31, 2024
| ABSI Stock | USD 2.94 0.19 6.91% |
If you're considering investing in Absci Stock, it is important to understand the factors that can impact its price. As of today, the current price of Absci Corp stands at 2.94, as last reported on the 27th of November, with the highest price reaching 3.02 and the lowest price hitting 2.80 during the day. Absci Corp secures Sharpe Ratio (or Efficiency) of -0.0961, which signifies that the company had a -0.0961% return per unit of risk over the last 3 months. Absci Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Absci Corp's Mean Deviation of 3.45, standard deviation of 4.74, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide.
As of now, Absci Corp's Common Stock Total Equity is increasing as compared to previous years. The Absci Corp's current Liabilities And Stockholders Equity is estimated to increase to about 236 M, while Total Stockholder Equity is projected to decrease to under 150.9 M. . As of now, Absci Corp's Price Book Value Ratio is increasing as compared to previous years. The Absci Corp's current Price To Book Ratio is estimated to increase to 2.30, while Price To Sales Ratio is projected to decrease to 64.22. Absci Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Absci |
Sharpe Ratio = -0.0961
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Estimated Market Risk
| 4.9 actual daily | 43 57% of assets are more volatile |
Expected Return
| -0.47 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Absci Corp is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Absci Corp by adding Absci Corp to a well-diversified portfolio.
Price Book 1.5688 | Enterprise Value Ebitda (0.39) | Price Sales 75.0782 | Shares Float 85.9 M | Wall Street Target Price 8.2857 |
Absci Corp Valuation on May 31, 2024
It is possible to determine the worth of Absci Corp on a given historical date. On May 31, 2024 Absci was worth 4.21 at the beginning of the trading date compared to the closed value of 4.21. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Absci Corp stock. Still, in general, we apply an absolute valuation method to find Absci Corp's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Absci Corp where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Absci Corp's related companies.
| Open | High | Low | Close | Volume | |
| 4.23 | 4.45 | 4.15 | 4.25 | 1,200,018 | |
05/31/2024 | 4.21 | 4.39 | 4.12 | 4.21 | 1,075,101 |
| 4.27 | 4.48 | 4.16 | 4.25 | 1,174,354 |
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Absci Corp Trading Date Momentum on May 31, 2024
| On June 03 2024 Absci Corp was traded for 4.25 at the closing time. The top price for the day was 4.48 and the lowest listed price was 4.16 . The trading volume for the day was 1.2 M. The trading history from June 3, 2024 was a factor to the next trading day price growth. The overall trading delta against the next closing price was 0.95% . The overall trading delta against the current closing price is 4.28% . |
Absci Corp Fundamentals Correlations and Trends
By evaluating Absci Corp's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Absci Corp's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Absci financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Absci Corp Stock history
Absci Corp investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Absci is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Absci Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Absci Corp stock prices may prove useful in developing a viable investing in Absci Corp
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 92 M | 73.6 M | |
| Net Loss | -94.4 M | -99.1 M |
Absci Corp Quarterly Net Working Capital |
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Absci Corp Stock Technical Analysis
Absci Corp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Absci Corp Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Absci Corp cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Absci Corp November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Absci Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Absci Corp shares will generate the highest return on investment. By undertsting and applying Absci Corp stock market strength indicators, traders can identify Absci Corp entry and exit signals to maximize returns
Absci Corp Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Absci Corp's price direction in advance. Along with the technical and fundamental analysis of Absci Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Absci to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.91) | |||
| Total Risk Alpha | (1.38) | |||
| Treynor Ratio | (0.28) |
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Complementary Tools for Absci Stock analysis
When running Absci Corp's price analysis, check to measure Absci Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Absci Corp is operating at the current time. Most of Absci Corp's value examination focuses on studying past and present price action to predict the probability of Absci Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Absci Corp's price. Additionally, you may evaluate how the addition of Absci Corp to your portfolios can decrease your overall portfolio volatility.
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