With 8.31 million shares changed hands, the volume of the stock remained heavier than its average volume of 5.05 million shares. The 52-week range on ABSI shows that it touched its highest point at $6.72 and its lowest point at $2.45 during that stretch. It currently has a 1-year price target of $8.42. Beta for the stock currently stands at 2.08.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ABSI was down-trending over the past week, with a drop of -30.57%, but this was up by 0.50% over a month. Three-month performance surged to 50.00% while six-month performance fell -4.96%. The stock lost -14.10% in the past year, while it has gained 53.44% so far this year. A look at the trailing 12-month EPS for ABSI yields -0.94 with Next year EPS estimates of -0.76. For the next quarter, that number is -0.22. This implies an EPS growth rate of 28.03% for this year and 11.77% for next year. EPS is expected to grow by 19.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -46.78%.
Float and Shares Shorts:
At present, 114.19 million ABSI shares are outstanding with a float of 93.24 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ABSI since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.82487 being high and -$0.90251 being low. For ABSI, this leads to a yearly average estimate of -$0.86369. Based on analyst estimates, the high estimate for the next quarter is -$0.12 and the low estimate is -$0.22. The average estimate for the next quarter is thus -$0.18.
