Abcam ADR (NASDAQ:ABCM) finished Friday with a subtraction of -$0.02 to close at $22.63, a downside of -0.09 percent. An average of 3,160,600 shares of common stock have been traded in the last five days. There was a gain of $0.08 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 5,157,100 shares traded, while the 50-day average volume stands at 5,613,274.
ABCM stock has increased by 0.13% in the last month. The company shares reached their 1-month lowest point of $22.51 on 09/25/23. With the stock rallying to its 52-week high on 06/30/23, shares of the company touched a low of $12.48 and a high of $25.32 in 52 weeks. It has reached a new high 14 times so far this year and achieved 45.44% or $7.07 in price. In spite of this, the price is down -10.62% from the 52-week high.
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Valuation Metrics
Abcam ADR (ABCM) has a trailing price-to-earnings (P/E) ratio of 1388.34. The stock’s beta is 0.91. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 10.18, the price-to-book (PB) ratio at 5.67.
Financial Health
The quick ratio of Abcam ADR for the recent quarter was 1.00, and the current ratio was 1.35, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.12 and a total debt to equity ratio of 0.30 for the recent quarter. Its gross profit as reported stood at $334.58 million compared to revenue of $447.39 million.
Earnings Surprise
The company posted a net income of -$8.5 million in the quarter, while revenues were grew 100.0%.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Abcam ADR (ABCM) price momentum. RSI 9-day as of the close on 29 September was 46.82%, suggesting the stock is Neutral, with historical volatility in this time frame at 5.13%.
As of today, ABCM’s price is $22.68 +0.35% or $0.08 from its 5-day moving average. ABCM is currently trading +0.04% higher than its 20-day SMA and +26.42% higher than its 100-day SMA. However, the stock’s current price level is -3.46% below the SMA50 and +48.30% above the SMA200.
The stochastic %K and %D were 35.53% and 37.39%, respectively, and the average true range (ATR) was 0.20. With the 14-day stochastic at 30.00% and the average true range at 0.28, the RSI (14) stands at 48.78%. The stock has reached 0.02 on the 9-day MACD Oscillator while the 14-day reading was at 0.00.
Analyst Ratings
RBC Capital Mkts downgraded Abcam ADR (NASDAQ: ABCM) to a a Sector perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Abcam ADR (ABCM) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ABCM, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is ABCM’s price target for the next 12 months?
Analysts predict a range of price targets between $19.02 and $20.60, with a median target of $19.05. Taking a look at these predictions, the average price target given by analysts for Abcam ADR (ABCM) stock is $19.43.
