Abcam plc (NASDAQ:ABCM) saw an upside of 1.33% to $22.49 after adding $0.3on Wednesday. The 5-day average trading volume is 1,072,177 shares of the company’s common stock. It has gained $22.82 in the past week and touched a new high 2 times within the past 5 days. An average of 1,522,079 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,057,808.
ABCM’s 1-month performance is -4.03% or -$1.39 on its low of $20.79 reached on 08/16/23. The company’s shares have touched a 52-week low of $12.48 and high of $25.32, with the stock’s rally to the 52-week high happening on 06/30/23. YTD, ABCM has achieved 44.51% or $6.94 and has reached a new high 14 times. However, the current price is down -11.20% from the 52-week high price.
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Valuation Metrics
ABCM stock has a beta of 0.93. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.79 while the price-to-book (PB) in the most recent quarter is 5.55.
Abcam plc’s quick ratio for the recent period was 0.90, with the current ratio over the same period at 1.30. In terms of profitability, the gross margin trailing 12 months is 74.80%. The firm’s gross profit as reported stood at $334.58 million against revenue of $447.39 million.
Earnings Surprise
Net income grew 100.0% to -$8.5 million, while revenue of $0.0 was 100.0% off the previous quarter. ABCM stock balance sheet for the recent quarter shows that total liabilities totaled 407.81 million, with total debt at $223.9 million.
Let’s look briefly at Abcam plc (ABCM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 50.43% to suggest the stock is trending Neutral, with historical volatility in this time period at 37.38%.
The stock’s 5-day moving average is $22.05, reflecting a +4.43% or $0.95 change from its current price. ABCM is currently trading -4.11% above its 20-day SMA, +69.14% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +26.38% and SMA200 by+52.41%.
Stochastic %K and %D was 58.34% and 48.52% and the average true range (ATR) pointed at 0.70. The RSI (14) points at 49.78%, while the 14-day stochastic is at 66.60% with the period’s ATR at 0.71. The stock’s 9-day MACD Oscillator is pointing at 0.01 and -0.07 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Abcam plc (NASDAQ: ABCM), RBC Capital Mkts downgraded it to a Sector perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for ABCM stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ABCM as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is ABCM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $18.87 and a high of $31.11, with their median price target at $20.72. Looking at these predictions, the average price target given by analysts is for Abcam plc (ABCM) stock is $22.86.
