AbCellera Biologics (ABCL) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AbCellera Biologics in the last year. There are currently 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ABCL shares.
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8 analysts have issued 12 month price objectives for AbCellera Biologics' shares. Their ABCL share price forecasts range from $15.00 to $34.00. On average, they expect the company's share price to reach $25.57 in the next year. This suggests a possible upside of 276.1% from the stock's current price.
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AbCellera Biologics' stock was trading at $10.13 at the beginning of 2023. Since then, ABCL stock has decreased by 32.9% and is now trading at $6.80.
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AbCellera Biologics saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 26,620,000 shares, an increase of 8.5% from the April 30th total of 24,530,000 shares. Based on an average daily trading volume, of 1,970,000 shares, the days-to-cover ratio is currently 13.5 days. Approximately 13.5% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
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AbCellera Biologics Inc. (NASDAQ:ABCL) released its quarterly earnings results on Thursday, May, 4th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by $0.02. The firm had revenue of $12.20 million for the quarter, compared to analyst estimates of $12.11 million. AbCellera Biologics had a negative net margin of 27.71% and a negative trailing twelve-month return on equity of 4.09%. The firm's revenue for the quarter was down 96.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 EPS.

ETFs with the largest weight of AbCellera Biologics (NASDAQ:ABCL) stock in their portfolio include ETFMG Treatments Testing and Advancements ETF (GERM), TrueShares Technology, AI & Deep Learning ETF (LRNZ), Virtus LifeSci Biotech Clinical Trials ETF (BBC), Invesco Nasdaq Biotechnology ETF (IBBQ), ProShares Ultra Nasdaq Biotechnology (BIB), iShares Biotechnology ETF (IBB), Renaissance IPO ETF (IPO) and

(ABCL) raised $356 million in an initial public offering (IPO) on Friday, December 11th 2020. The company issued 23,000,000 shares at $14.00-$17.00 per share. Credit Suisse, Stifel, Berenberg, SVB Leerink and BMO Capital Markets served as the underwriters for the IPO.

AbCellera Biologics trades on the NASDAQ under the ticker symbol "ABCL."

AbCellera Biologics' stock is owned by a variety of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (6.89%), BlackRock Inc. (4.74%), Credit Suisse AG (1.60%), State Street Corp (1.17%), Federated Hermes Inc. (1.01%) and Renaissance Technologies LLC (0.97%). Insiders that own company stock include Andrew Booth, Andrew Lo, Carl L G Hansen, Holdings Ltd Thermopylae, John Hamer, John S Montalbano, Michael R Hayden and Veronique Lecault.
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Shares of ABCL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ABCL stock can currently be purchased for approximately $6.80.

AbCellera Biologics (NASDAQ:ABCL) has a market capitalization of $1.96 billion and generates $485.42 million in revenue each year. The company earns $158.52 million in net income (profit) each year or ($0.18) on an earnings per share basis.

The company employs 386 workers across the globe.

The official website for the company is www.abcellera.com. The company can be reached via phone at 604-559-9005 or via email at ir@abcellera.com.