With 1.2 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.49 million shares. The 52-week range on ABEO shows that it touched its highest point at $7.32 and its lowest point at $3.93 during that stretch. It currently has a 1-year price target of $21.42. Beta for the stock currently stands at 1.53.
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 ABEO was up-trending over the past week, with a rise of 11.25%, but this was up by 28.72% over a month. Three-month performance surged to 6.50% while six-month performance rose 2.13%. The stock gained 32.27% in the past year, while it has gained 11.85% so far this year. A look at the trailing 12-month EPS for ABEO yields -1.34 with Next year EPS estimates of 0.08. For the next quarter, that number is -0.40. This implies an EPS growth rate of 67.74% for this year and 116.00% for next year.
Float and Shares Shorts:
At present, 48.95 million ABEO shares are outstanding with a float of 45.20 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 ABEO since 2 analysts follow the stock currently. There are 2 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 -$1.64223 being high and -$1.79429 being low. For ABEO, this leads to a yearly average estimate of -$1.72333.
