As of Friday close, Abcam plc’s (NASDAQ:ABCM) stock was down -$0.04, moving down -0.18 percent to $22.55. The average number of shares traded per day over the past five days has been 6,615,540 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.09 fall in that time frame. In the last twenty days, the average volume was 11,075,960, while in the previous 50 days, it was 5,419,572.
Since last month, ABCM stock rose 0.04%. Shares of the company fell to $22.18 on 08/23/23, the lowest level in the past month. A 52-week high of $25.32 was reached on 06/30/23 after having rallying from a 52-week low of $12.48. Since the beginning of this year, ABCM’s stock price has risen by 44.92% or $6.99, and marked a new high 14 times. However, the stock has declined by -10.94% since its 52-week high.
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Valuation Metrics
Right now, Abcam plc (ABCM) has a P/E ratio of about 1879.17. The stock’s beta is 0.91. Besides these, the trailing price-to-sales (P/S) ratio of 7.34, the price-to-book (PB) ratio of 5.80.
Financial Health
In the recent quarter, Abcam plc’s quick ratio stood at 1.00, while its current ratio was 1.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.12, and the total debt-to-equity ratio was 0.30. On the profitability front, the trailing twelve-month gross margin is 75.90% percent. In the recent year, EBITDA margin amounted to 22.48%, whereas operating margins totaled 2.20%. Based on annual data, ABCM earned $334.58 million in gross profit and brought in $447.39 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -0.30%. Return on equity (ROE) for the past 12 months was 0.40%.
ABCM’s revenue rose 100.0% during the quarter, while net income inched up to $361.7 million. The liabilities of Abcam plc were 385.52 million at the end of its most recent quarter, and its total debt was $217.0 million.
Technical Picture
This quick technical analysis looks at Abcam plc’s (ABCM) price momentum. With a historical volatility rate of 3.50%, the RSI 9-day stood at 42.35% on 22 September.
With respect to its five-day moving average, the current Abcam plc price is down by -0.40% percent or -$0.09. At present, ABCM shares trade +0.27% above its 20-day simple moving average and +30.42% percent above its 100-day simple moving average. However, the stock is currently trading approximately -5.61% below its SMA50 and +39.80% above its SMA200.
Stochastic coefficient K was 16.48% and Stochastic coefficient D was 20.49%, while ATR was 0.25. Given the Stochastic reading of 0.00% for the 14-day period, the RSI (14) reading has been calculated as 46.96%. As of today, the MACD Oscillator reading stands at -0.06, while the 14-day reading stands at -0.13.
Analyst Ratings
Abcam plc downgraded its rating on Abcam plc (NASDAQ: ABCM) to a Sector perform in a note to investors on June 20, 2023. The analysts firm previously had an Outperform rating on the stock.Abcam plc (ABCM) has been rated Hold by analysts. According to 0 brokerage firms, ABCM is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Abcam plc stock as buy, with 0 recommending it as overweight.
With a median target price of $19.05, the current consensus forecast for the stock is $19.02 – $20.01. Based on these forecasts, analysts predict Abcam plc (ABCM) will achieve an average price target of $19.28.
