The stock of AbCellera Biologics Inc (ABCL) has gone up by 4.06% for the week, with a 5.19% rise in the past month and a 18.99% rise in the past quarter. The volatility ratio for the week is 5.94%, and the volatility levels for the past 30 days are 5.89% for ABCL. The simple moving average for the past 20 days is 0.30% for ABCL’s stock, with a -9.62% simple moving average for the past 200 days.
Is It Worth Investing in AbCellera Biologics Inc (NASDAQ: ABCL) Right Now?
The 36-month beta value for ABCL is at 0.41. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for ABCL is 221.93M, and currently, shorts hold a 7.32% of that float. The average trading volume for ABCL on December 24, 2024 was 2.26M shares.
ABCL) stock’s latest price update
AbCellera Biologics Inc (NASDAQ: ABCL)’s stock price has gone decline by -0.57 in comparison to its previous close of 2.92, however, the company has experienced a 4.06% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-12-23 that Today, we revisit a somewhat unique developmental company called AbCellera Biologics Inc. The company is moving towards focusing more on its wholly owned candidates off its platform rather than partnerships. The company has myriad very early-stage assets in development, and ABCL stock trades near the net cash on its balance sheet.
Analysts’ Opinion of ABCL
The Benchmark Company, on the other hand, stated in their research note that they expect to see ABCL reach a price target of $9. The rating they have provided for ABCL stocks is “Buy” according to the report published on February 22nd, 2024.
KeyBanc Capital Markets gave a rating of “Overweight” to ABCL, setting the target price at $6 in the report published on December 05th of the previous year.
ABCL Trading at 2.89% from the 50-Day Moving Average
After a stumble in the market that brought ABCL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -52.05% of loss for the given period.
Volatility was left at 5.89%, however, over the last 30 days, the volatility rate increased by 5.94%, as shares sank -2.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.68% upper at present.
During the last 5 trading sessions, ABCL rose by +3.58%, which changed the moving average for the period of 200-days by -41.73% in comparison to the 20-day moving average, which settled at $2.89. In addition, AbCellera Biologics Inc saw -49.15% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ABCL
Current profitability levels for the company are sitting at:
- -9.35 for the present operating margin
- -1.8 for the gross margin
The net margin for AbCellera Biologics Inc stands at -5.33. The total capital return value is set at -0.23. Equity return is now at value -15.55, with -12.10 for asset returns.
Currently, EBITDA for the company is -192.16 million with net debt to EBITDA at 0.26. When we switch over and look at the enterprise to sales, we see a ratio of 24.85. The receivables turnover for the company is 0.52for trailing twelve months and the total asset turnover is 0.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 9.34.
Conclusion
In conclusion, AbCellera Biologics Inc (ABCL) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. 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.
