AbCellera Biologics Inc. (NASDAQ:ABCL - Get Free Report) saw unusually large options trading activity on Wednesday. Stock traders bought 8,562 call options on the stock. This represents an increase of approximately 1,191% compared to the average daily volume of 663 call options.
Institutional Trading of AbCellera Biologics
A number of hedge funds have recently bought and sold shares of ABCL. Moloney Securities Asset Management LLC acquired a new position in shares of AbCellera Biologics in the 4th quarter valued at about $265,000. State of New Jersey Common Pension Fund D acquired a new position in shares of AbCellera Biologics in the 4th quarter valued at about $36,000. Raymond James Financial Inc. acquired a new position in shares of AbCellera Biologics in the 4th quarter valued at about $57,000. HighTower Advisors LLC increased its holdings in shares of AbCellera Biologics by 577.9% in the 4th quarter. HighTower Advisors LLC now owns 71,086 shares of the company's stock valued at $208,000 after purchasing an additional 60,600 shares during the period. Finally, IMG Wealth Management Inc. acquired a new position in shares of AbCellera Biologics in the 4th quarter valued at about $56,000. 61.42% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on ABCL shares. KeyCorp increased their price target on shares of AbCellera Biologics from $4.00 to $5.00 and gave the company an "overweight" rating in a report on Wednesday, April 16th. Truist Financial reduced their target price on shares of AbCellera Biologics from $28.00 to $10.00 and set a "buy" rating on the stock in a research report on Friday, May 16th. Stifel Nicolaus cut their price target on shares of AbCellera Biologics from $12.00 to $10.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Finally, Benchmark restated a "hold" rating on shares of AbCellera Biologics in a research report on Monday, March 3rd.
View Our Latest Report on AbCellera Biologics
AbCellera Biologics Stock Performance
NASDAQ ABCL traded up $0.05 on Friday, reaching $3.20. The company's stock had a trading volume of 7,067,441 shares, compared to its average volume of 3,163,232. AbCellera Biologics has a twelve month low of $1.89 and a twelve month high of $3.68. The stock has a market cap of $954.96 million, a PE ratio of -5.25 and a beta of 0.36. The firm's 50 day moving average is $2.31 and its two-hundred day moving average is $2.65.
AbCellera Biologics (NASDAQ:ABCL - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.15) EPS for the quarter, beating analysts' consensus estimates of ($0.17) by $0.02. AbCellera Biologics had a negative net margin of 533.32% and a negative return on equity of 15.73%. The company had revenue of $4.24 million during the quarter, compared to analyst estimates of $7.12 million. Equities research analysts anticipate that AbCellera Biologics will post -0.59 EPS for the current fiscal year.
About AbCellera Biologics
(
Get Free Report)
AbCellera Biologics Inc builds an engine for antibody drug discovery and development. Its engine discovers antibodies from natural immune responses, which are pre-enriched for antibodies. The company's preclinical products are ABCL635 for metabolic and endocrine conditions; and ABCL575 for atopic dermatitis.
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