2.90 USD
+0.10
3.57%
At close Jan 17, 4:00 PM EST
After hours
2.89
-0.01
0.34%
1 day
3.57%
5 days
3.57%
1 month
-12.91%
3 months
-27.86%
6 months
-33.79%
Year to date
7.01%
1 year
-20.33%
5 years
-86.57%
10 years
-86.57%
 

About: Absci Corp is the Artificial intelligence powered synthetic biology company unlocking the potential of proteins as the next generation of therapeutics. It enables the creation of novel biologics by unifying biologic drug discovery and cell line development into one simultaneous process.

Employees: 156

0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 3 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

427% more call options, than puts

Call options by funds: $1.98M | Put options by funds: $376K

88% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 16

32% more capital invested

Capital invested by funds: $210M [Q2] → $277M (+$67.2M) [Q3]

11% more funds holding

Funds holding: 110 [Q2] → 122 (+12) [Q3]

3.61% more ownership

Funds ownership: 60.18% [Q2] → 63.79% (+3.61%) [Q3]

0% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 33

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$5
72%
upside
Avg. target
$7.33
153%
upside
High target
$10
245%
upside

3 analyst ratings

positive
100%
neutral
0%
negative
0%
HC Wainwright & Co.
Swayampakula Ramakanth
34% 1-year accuracy
63 / 188 met price target
141%upside
$7
Buy
Reiterated
17 Jan 2025
Keybanc
Scott Schoenhaus
17% 1-year accuracy
6 / 36 met price target
72%upside
$5
Overweight
Maintained
8 Jan 2025
Guggenheim
Vamil Divan
25% 1-year accuracy
5 / 20 met price target
245%upside
$10
Buy
Reiterated
3 Dec 2024

Financial journalist opinion

Based on 4 articles about ABSI published over the past 30 days

Positive
Seeking Alpha
1 week ago
Absci Looks Cheap And Positioned For Growth With AMD's AI Backing
Absci recently received a $20 million PIPE investment from AMD that improves its runway and R&D platform with AI. ABS-101 appears to be ABSI's main drug candidate for IBD. However, ABS-201 for hair loss and ABS-301 for solid tumors offer additional sizeable TAMs if successful. ABSI's AI models and wet lab data seem quite promising for discovering further antibodies that could be highly differentiated from other competitors.
Absci Looks Cheap And Positioned For Growth With AMD's AI Backing
Neutral
GlobeNewsWire
1 week ago
Absci and Owkin Synergize Leading TechBio Platforms to Advance Generative AI Drug Discovery
Collaboration combines Owkin's novel AI target discovery and agentic AI expertise with Absci's leading AI de novo design models to accelerate the discovery and design of potential first-in-class therapeutics Collaboration combines Owkin's novel AI target discovery and agentic AI expertise with Absci's leading AI de novo design models to accelerate the discovery and design of potential first-in-class therapeutics
Absci and Owkin Synergize Leading TechBio Platforms to Advance Generative AI Drug Discovery
Neutral
GlobeNewsWire
1 week ago
Absci and AMD Announce Collaboration and Strategic Investment to Accelerate the Future of AI Drug Discovery
$20 Million Equity Investment from AMD Strengthens Absci's Leadership in AI Drug Discovery and Further Expands Biopharma Adoption of AMD Instinct Accelerators and ROCm Software $20 Million Equity Investment from AMD Strengthens Absci's Leadership in AI Drug Discovery and Further Expands Biopharma Adoption of AMD Instinct Accelerators and ROCm Software
Absci and AMD Announce Collaboration and Strategic Investment to Accelerate the Future of AI Drug Discovery
Neutral
GlobeNewsWire
2 weeks ago
Absci and Invetx Partner to Bring Generative AI Drug Creation Platform to Animal Health
Collaboration leverages Absci's leading generative AI Drug Creation models to design a novel antibody Half-Life Extension (HLE) platform for animal health applications Collaboration leverages Absci's leading generative AI Drug Creation models to design a novel antibody Half-Life Extension (HLE) platform for animal health applications
Absci and Invetx Partner to Bring Generative AI Drug Creation Platform to Animal Health
Neutral
Seeking Alpha
2 months ago
Absci Corporation (ABSI) Q3 2024 Earnings Call Transcript
Absci Corporation (NASDAQ:ABSI ) Q3 2024 Earnings Conference Call November 12, 2024 8:00 AM ET Company Participants Alex Khan - VP, Finance and IR Sean McClain - Founder and CEO Zach Jonasson - CFO and Chief Business Officer Christian Stegmann - SVP of Drug Creation Conference Call Participants Srikripa Devarakonda – Truist Securities Brendan Smith - TD Cowen George Farmer – Scotiabank Vamil Divan - Guggenheim Securities Operator Good day and thank you for standing by. Welcome to the Absci Q3 2024 Business Update Conference Call.
Absci Corporation (ABSI) Q3 2024 Earnings Call Transcript
Negative
Zacks Investment Research
2 months ago
Absci Corporation (ABSI) Reports Q3 Loss, Misses Revenue Estimates
Absci Corporation (ABSI) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to loss of $0.24 per share a year ago.
Absci Corporation (ABSI) Reports Q3 Loss, Misses Revenue Estimates
Neutral
GlobeNewsWire
2 months ago
Absci Reports Business Updates and Third Quarter 2024 Financial and Operating Results
Successfully delivered AI de novo designed antibody sequences to AstraZeneca, fulfilling first milestone under collaboration
Absci Reports Business Updates and Third Quarter 2024 Financial and Operating Results
Neutral
GlobeNewsWire
2 months ago
Absci to Host R&D Day on December 12, 2024
VANCOUVER, Wash. and NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Absci Corporation (Nasdaq: ABSI), a data-first generative AI drug creation company, today announced the company will host its 2024 R&D Day on Thursday, December 12th in New York City.
Absci to Host R&D Day on December 12, 2024
Neutral
GlobeNewsWire
3 months ago
Absci to Report Business Updates and Third Quarter 2024 Financial and Operating Results on November 12, 2024
VANCOUVER, Wash. and NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Absci Corporation (Nasdaq: ABSI), a data-first generative AI drug creation company, today announced the company will report business updates and financial and operating results for the third quarter before market open on Tuesday, November 12, 2024.
Absci to Report Business Updates and Third Quarter 2024 Financial and Operating Results on November 12, 2024
Positive
Seeking Alpha
3 months ago
Absci: AI-Driven Platform Could Establish Best-In-Class TL1A Drug Targeting Profile
Absci Corporation's initiation of a phase 1 study using ABS-101 for the treatment of patients with IBD expected early 2025, with interim data to be released in the 2nd half of 2025. ABS-101 aims to differentiate itself with unique features like de novo antibody creation, multiparameter lead optimization, and reverse immunology, potentially offering superior potency and dosing flexibility. The global Crohn's Disease treatment market is expected to reach $17.80 billion by 2033.
Absci: AI-Driven Platform Could Establish Best-In-Class TL1A Drug Targeting Profile
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