WallStreetZenWallStreetZen

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 $4.61, down 0.11% from the previous day, and has increased 154.7% in one year. It has overperformed other stocks in the Biotechnology industry by 1.75 percentage points. Absci stock is currently +314.94% from its 52-week low of $1.11, and -31.4% from its 52-week high of $6.72.

As of May 20, 2024, there are 113.08M ABSI shares outstanding. The market value of ABSI is $521.32M. In the last 24 hours, 815,726 ABSI shares were traded.

How to Buy Absci Stock

Not sure how to invest in Absci stock? Here's how.
  1. 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.
  2. Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Deposit funds into your brokerage account: Select your payment method and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that allows you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

Based on our analysis, eToro is the best place to buy stocks. Here's why:

  • You can invest in stocks with 0% commissions: Invest without commissions.
  • Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
  • Access to global markets: From Technology to Healthcare, New York to London — you can fill your portfolio with stocks from the world's leading exchanges.
  • 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 Account
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

Step 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

  1. 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.
  2. Input your personal data to start your new trading account.
  1. Submit your information by hitting the "Create Account" button.
  2. Get started with eToro today
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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 Price
$4.61
1w %
-8.89%
1y %
154.7%
5y %
N/A
P/E
-3.97x
P/B
2.17x
P/S
85.37x
PEG
N/A
Revenue
$5.35M
Earnings
-$109.19M
Fore. Rev. Growth
116.18%
Fore. Earn. Growth
N/A
Market Cap
$521.32M
Next Earnings
Jun 12, 2024
Next Dividend
N/A

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 2.17x, relative to Biotechnology industry P/B ratio of 6.06x

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 $177.89M in cash and short term investments. This is sufficient to cover its annual cash burn of $62.61M.
  • ABSI has a low debt to equity ratio of 0.15.
  • There are more short-term assets than long-term liabilities on the ABSI balance sheet.
  • ABSI has cash burn of 62609000. It has sufficient cash and short-term investments to cover this for at least one year.

Negative Financial Indicators:

  • ABSI profit margin has gone down from -1,593.8% to -2,042% in the past year.

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

SMA10
2.41
SMA20
2.26
SMA50
2.24
SMA100
1.89
SMA200
1.48
MACD
0.15
MACD Signal
0.04
MACD Histogram
0.12
RSI
83.52
Stochastic %K
83.69
Stochastic %D
77.73
StochRSI %K
84.96
StochRSI %D
78.67

Is ABSI Growing Revenue?

Last year, ABSI revenue was $5.35M. In the last 3 year, ABSI's revenue has gone up by 24.34% per year. This was slower than the Biotechnology industry average of 32.44%.

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:

Open eToro Account

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:

  1. Choose where to buy Absci stock
  2. Open a brokerage account
  3. Deposit funds into your brokerage account
  4. Analyze Absci stock
  5. Execute your ABSI trade
  6. Keep an eye on your ABSI investment

If you require a brokerage account, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to get the latest news on your investment in Absci, click the button below.

NASDAQ: ABSI
$4.61-0.01 (-0.11%)
Updated May 20, 2024
Open eToro Account
NASDAQ: ABSI
$4.61-0.01 (-0.11%)
Updated May 20, 2024
Open eToro Account

FAQ

How much does it cost to buy one Absci share?

As of May 20, 2024, it costs $4.61 to buy one share of Absci stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $2, you can buy 0.434 shares of ABSI.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Absci stock?

According to 4 Wall Street analysts who monitor Absci, their consensus recommendation is to buy Absci stock.

What is the best way to buy Absci stock?

One way to place an order for Absci stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.