How to Buy Absci Stock
Absci Corp
Absci Corporation, a drug and target discovery company, provides biologic drug candidates and production cell lines using integrated drug creation platform for partners in the United States.
Absci stock last closed at $5.29, down 1.67% from the previous day, and has increased 190.66% in one year. It has overperformed other stocks in the Biotechnology industry by 2.17 percentage points. Absci stock is currently +376.15% from its 52-week low of $1.11, and -21.28% from its 52-week high of $6.72.
As of Apr 17, 2024, there are 112.78M ABSI shares outstanding. The market value of ABSI is $596.63M. In the last 24 hours, 1.15M ABSI shares were traded.
How to Buy Absci Stock
Not sure how to invest in Absci stock? Here's how.
- Choose where to buy Absci stock: You need to choose an online brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you determine where to buy Absci stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Select your payment method and add your information.
- Analyze Absci stock: The Absci ticker symbol is ABSI. Is Absci stock a good investment? Should you buy shares of ABSI? How do ABSI's underlying business fundamentals look? Do top analysts think Absci is a good buy? Why has ABSI's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if ABSI is a good stock to buy).
- Execute your ABSI trade: Decide if you will purchase ABSI shares at the current market price or use a limit order to buy ABSI stock at a particular price.
- Keep an eye on your ABSI investment: Create a watchlist to key updates about your position in Absci shares.
Step 1: Choose where to buy Absci stock
You will need a brokerage account to access the NASDAQ market and buy ABSI shares.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best place to buy stocks. Here's why:
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- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
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- Social investing: eToro has a community with more than 20 million users globally. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by creating an account with eToro today.
Open eToro AccountStep 2: Open a brokerage account
Now that you've picked the right brokerage, you need to fill out some personal info so you are able to buy ABSI today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to start your new trading account.
- Submit your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've finished signing up on the best app for stock investing, you need to deposit funds:
Check out the video below if you need help depositing money into your new brokerage account.
Step 4: Analyze Absci stock
Once you have chosen the best place to buy Absci stock, it's crucial to analyze their stock prior to buying, so you actually wrap your head around the risk and upside.
Absci quick stats
ABSI Zen Score
WallStreetZen was created to help everyday investors do more in-depth fundamental analysis.
You can view all of the due diligence checks on ABSI's stock page.
Is ABSI stock undervalued?
You can use many financial metrics, analyses, models, and charts to gauge ABSI's fair value.
Using relative valuations ratios:
- ABSI may be undervalued based on its P/B ratio of 3.39x, relative to Biotechnology industry P/B ratio of 5.83x
You can do more valuation research on ABSI's stock here.
ABSI Financial Health Overview
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the ABSI balance sheet.
- ABSI has cash burn of 65242000. It has sufficient cash and short-term investments to cover this for at least one year.
- ABSI has a low debt to equity ratio of 0.23.
- There are more short-term assets than long-term liabilities on the ABSI balance sheet.
Negative Financial Indicators:
- ABSI profit margin has gone down from -1,825.4% to -1,933.6% in the past year.
- ABSI has $113.85M in cash and short term investments. This is not sufficient to cover its annual cash burn of $65.24M.
Is it a good time to buy ABSI stock, according to analysts?
Out of 4 sell side analysts who give forecasts on ABSI, the consensus analyst rating on ABSI is a Strong Buy
Please note that analyst forecasts are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are forecasting on the Absci stock forecast page.
Metrics for Advanced ABSI Traders
Is ABSI Growing Revenue?
Last year, ABSI revenue was $5.72M. In the last 4 year, ABSI's revenue has gone up by 29.08% per year. This was faster than the Biotechnology industry average of 29.02%.
Dive into ABSI's earnings and revenue performance here.
Who is buying/selling ABSI?
In the last 12 months, executives and large shareholders at ABSI have bought more shares than they have sold.
Redmile Group LLC, Director of ABSI, was the latest ABSI insider to buy. They bought $999,999.00 worth of ABSI shares on Mar 1, 2024.
Get more info about who owns ABSI shares here.
Does ABSI provide a stable income stream?
No, Absci doesn't provide an income stream by paying out dividends.
Get analysis from other traders
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Execute your ABSI trade
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually fine for most investors. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a particular dollar amount, place a limit order.
Hit the Open Trade button and eToro will execute your order.
If you want additional help buying stocks on eToro, watch the how to video below:
Step 6: Keep an eye on your ABSI investment
Now that you own some shares in ABSI, you'll want to keep up with your investment.
Make a watchlist to get notified of the latest news about your ABSI stock.
ABSI Feed
How to Buy Stock in Absci
To summarize, here are the 6 steps to buy stock in Absci:
- Choose where to buy Absci stock
- Open a brokerage account
- Deposit funds into your brokerage account
- Analyze Absci stock
- Execute your ABSI trade
- Keep an eye on your ABSI investment
If you require a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get the latest news on your investment in Absci, click the button below.
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