The stock of Abcam plc (NASDAQ:ABCM) decreased by -$0.02 on Tuesday to $22.95, down -0.09 percent. The last five days have seen an average of 1,155,554 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $7.43. The average number of shares traded over the last 20 days was 1,548,313, while the average volume over the last 50 days totaled 2,068,439.
ABCM stock dropped -3.81% since last month. On 08/09/23, the company’s shares reached a one-month low of $21.98. The stock touched a high of $25.32 on 06/30/23, after rallying from a low of $12.48 in 52 weeks. The price of ABCM stock has risen by 47.49% or $7.43 this year, reaching a new high 14 times. Still, the stock price is down -9.36% from the 52-week high.
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Valuation Metrics
Beta for the stock is 0.92. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 7.46, the price-to-book (PB) ratio of 5.69.
Financial Health
For the recent quarter, Abcam plc’s quick ratio was 0.90, while its current ratio was 1.30, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 0.13, and the total debt to equity ratio is 0.31. As far as profitability goes, gross margin for the trailing twelve months is 74.80% percent. Abcam plc’s operating margin stood at -2.80% for the same period. Based on annual data, it had gross profit of $334.58 million and revenue of $447.39 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ABCM’s return on assets (ROA) during the last 12 months has been -0.90%. There was a -0.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -1.20%.
Earnings Surprise
Net income for the quarter came in at $361.7 million, while revenues rose by 100.0% to $0.0. At the end of Abcam plc’s most recent quarter, its liabilities totaled 407.81 million, while its total debt was $223.9 million.
Technical Picture
Here’s a quick look at Abcam plc’s (ABCM) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 50.60%, suggesting the stock is Neutral, with a 26.01% historical volatility rate.
The stochastic %K and %D were 60.34% and 46.20% respectively, while the average true range (ATR) was 0.62. Based on the 14-day stochastic reading of 61.21%, the RSI (14) reading is 52.37%. On the 9-day MACD Oscillator, the stock is at 0.35, and the 14-day reading is at 0.15.
Analyst Ratings
Abcam plc (NASDAQ: ABCM) was downgraded by RBC Capital Mkts to a a Sector perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Abcam plc (ABCM) an Overweight rating. ABCM is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is ABCM’s price target for the next 12 months?
The current consensus forecast for the stock is between $18.87 and $31.11, with a median target price of $20.73. In analyzing these forecasts, the average price target given by analysts for Abcam plc (ABCM) is $22.86.
