Baillie Gifford & Co. has recently announced that it has increased stake in AbCellera Biologics Inc. (NASDAQ:ABCL) by 0.67%. After grabbing 19.83 million shares, the institutional investor is now in possession of 0.13 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 6.89% having worth around $134.45 million. Moreover, Credit Suisse Asset Management increased its share by 0.49 million to have a control over 4.58 million shares. And SSgA Funds Management, Inc. raised its holdings to 0.12 million shares by acquiring 3.39 million shares or 1.18% of the stake.
AbCellera Biologics Inc. (ABCL) concluded trading on 05/25/23 at a closing price of $6.91, with 4.16 million shares of worth about $28.73 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -50.57% during that period and on Thursday the price saw a loss of about -1.57%. Currently the company’s common shares owned by public are about 287.77M shares, out of which, 203.83M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 10 analysts are covering the ABCL stock and their offered price forecasts bring an average price target of $26.33. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $38.00 and could fall to a lowest price of $15.00. The stock’s current price level is 73.76% above of average price target set by the analysts, while a rise to estimated low would result in gain of 53.93% for the stock. However, touching the estimated high of $38.00 would mean a gain of 81.82% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 11 times over the past 12 months. They bought 632,110 shares in 9 of the transactions. In 2 selling transactions, insiders dumped 120,000 shares.
Allianz Global Investors Fund – A, American Funds Small Cap World Fu, and SMDAM Global AI Equity Mother Fun are the top 3 mutual funds which are holding stakes in AbCellera Biologics Inc. Allianz Global Investors Fund – A is currently holding 6.13 million shares of worth totaling $41.59 million. The company recently came buying 0.0 shares which brought its stake up to 2.13% of the company’s outstanding shares. SMDAM Global AI Equity Mother Fun, after selling 4.72 million shares, have now control over 1.64% of the stake in the company. It holds -0.12 million shares of worth $32.03 million.
AbCellera Biologics Inc. (NASDAQ: ABCL) started trading at $7.01, below -$0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 7.56, or with a loss of -1.57%. Stock saw a price change of 18.12% in past 5 days and over the past one month there was a price change of 2.52%. Year-to-date (YTD), ABCL shares are showing a performance of -31.79% which decreased to -4.82% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.53 but also hit the highest price of $14.97 during that period. The average intraday trading volume for AbCellera Biologics Inc. shares is 1.92 million. The stock is currently trading 11.00% above its 20-day simple moving average (SMA20), while that difference is up 0.37% for SMA50 and it goes to -29.49% lower than SMA200.
Baillie Gifford & Co. acquired 19.83 million shares of AbCellera Biologics Inc. having value of about $134.45 million. Data submitted at the U.S SEC by Baillie Gifford & Co. revealed that the firm now holds 0.13 million shares in the company valued at close to $918449.56, or have control over 0.67% stake in the company. AbCellera Biologics Inc. (NASDAQ: ABCL) currently have 287.77M outstanding shares and institutions hold larger chunk of about 46.90% of that. Holding of mutual funds in the company is about 21.21% while other institutional holders and individual stake holders have control over 35.16% and 20.67% of the stake respectively.
The stock has a current market capitalization of $2.00B. It has posted earnings per share of -$0.18 in the same period. It has Quick Ratio of 10.50 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ABCL, volatility over the week remained 10.35% while standing at 6.38% over the month.
Analysts are in expectations that AbCellera Biologics Inc. (ABCL) stock would likely to be making an EPS of -$0.13 in the current quarter, while forecast for next quarter EPS is -$0.14 and it is -$0.66 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.18 which is -$0.08 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.02 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 4.40% while it is estimated to decrease by -11.90% in next year.
Analysts at 10 brokerage firms have issued recommendations for the AbCellera Biologics Inc. (ABCL)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.80. Out of those 10 Wall Street analysts, 10 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
