The stock of Abcam plc (ABCM) has gone down by -0.35% for the week, with a 5.00% rise in the past month and a 1.66% rise in the past quarter. The volatility ratio for the week is 0.92%, and the volatility levels for the past 30 days are 1.91% for ABCM. The simple moving average for the past 20 days is 0.17% for ABCM’s stock, with a 26.74% simple moving average for the past 200 days.
Is It Worth Investing in Abcam plc (NASDAQ: ABCM) Right Now?
The price-to-earnings ratio for Abcam plc (NASDAQ: ABCM) is 1890.00x, which is above its average ratio. Moreover, the 36-month beta value for ABCM is 0.93. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The average price recommended by analysts for Abcam plc (ABCM) is $19.28, which is $1.57 above the current market price. The public float for ABCM is 215.25M and currently, short sellers hold a 0.83% of that float. On September 18, 2023, ABCM’s average trading volume was 4.57M shares.
ABCM) stock’s latest price update
The stock of Abcam plc (NASDAQ: ABCM) has increased by 0.18 when compared to last closing price of 22.64.Despite this, the company has seen a loss of -0.35% in its stock price over the last five trading days. Investopedia reported 2023-08-28 that Medical tool supplier Danaher (DHR) is expanding its product offerings by purchasing British biotech firm Abcam Plc (ABCM) for $5.7 billion, including debt.
Analysts’ Opinion of ABCM
Many brokerage firms have already submitted their reports for ABCM stocks, with RBC Capital Mkts repeating the rating for ABCM by listing it as a “Sector Perform.” The predicted price for ABCM in the upcoming period, according to RBC Capital Mkts is $22 based on the research report published on June 20, 2023 of the current year 2023.
ABCM Trading at -1.39% from the 50-Day Moving Average
After a stumble in the market that brought ABCM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.43% of loss for the given period.
Volatility was left at 1.91%, however, over the last 30 days, the volatility rate increased by 0.92%, as shares surge +4.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.13% lower at present.
During the last 5 trading sessions, ABCM fell by -0.40%, which changed the moving average for the period of 200-days by +47.88% in comparison to the 20-day moving average, which settled at $22.69. In addition, Abcam plc saw 45.76% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ABCM
Current profitability levels for the company are sitting at:
- +7.85 for the present operating margin
- +67.49 for the gross margin
The net margin for Abcam plc stands at -2.35. The total capital return value is set at 2.99, while invested capital returns managed to touch -1.04. Equity return is now at value 0.40, with 0.20 for asset returns.
Based on Abcam plc (ABCM), the company’s capital structure generated 30.80 points at debt to equity in total, while total debt to capital is 23.55. Total debt to assets is 21.19, with long-term debt to equity ratio resting at 13.18. Finally, the long-term debt to capital ratio is 10.08.
When we switch over and look at the enterprise to sales, we see a ratio of 10.54, with the company’s debt to enterprise value settled at 0.07. The receivables turnover for the company is 4.95 and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.33.
Conclusion
To wrap up, the performance of Abcam plc (ABCM) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
