With 20.07 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.24 million shares. The 52-week range on ABCL shows that it touched its highest point at $3.68 and its lowest point at $1.89 during that stretch. It currently has a 1-year price target of $8.33. Beta for the stock currently stands at 0.42.
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 ABCL was up-trending over the past week, with a rise of 33.47%, but this was up by 56.80% over a month. Three-month performance surged to 37.45% while six-month performance rose 7.67%. The stock lost -10.77% in the past year, while it has gained 10.24% so far this year. A look at the trailing 12-month EPS for ABCL yields -0.57 with Next year EPS estimates of -0.55. For the next quarter, that number is -0.14. This implies an EPS growth rate of -10.77% for this year and 10.02% for next year. EPS is expected to grow by 0.83% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -107.74%.
Float and Shares Shorts:
At present, 298.36 million ABCL shares are outstanding with a float of 223.95 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 ABCL since 9 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 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 -$0.53738 being high and -$0.60704 being low. For ABCL, this leads to a yearly average estimate of -$0.58714.
