With 1.98 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.97 million shares. The 52-week range on ABSI shows that it touched its highest point at $6.33 and its lowest point at $2.01 during that stretch. It currently has a 1-year price target of $9.12. Beta for the stock currently stands at 2.07.
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 -5.05%, but this was down by -4.73% over a month. Three-month performance dropped to -12.15% while six-month performance fell -35.62%. The stock lost -43.15% in the past year, while it has gained 7.63% so far this year. A look at the trailing 12-month EPS for ABSI yields -0.93 with Next year EPS estimates of -0.69. For the next quarter, that number is -0.21. This implies an EPS growth rate of 7.58% for this year and 20.11% for next year. EPS is expected to grow by 3.62% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -29.30%.
Float and Shares Shorts:
At present, 127.54 million ABSI shares are outstanding with a float of 111.47 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.
