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AbCellera Biologics (ABCL) Stock Price, News & Analysis

$3.78
+0.03 (+0.80%)
(As of 06/6/2024 ET)
Today's Range
$3.72
$3.88
50-Day Range
$3.63
$4.73
52-Week Range
$3.58
$8.05
Volume
1.20 million shs
Average Volume
1.39 million shs
Market Capitalization
$1.11 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$16.17

AbCellera Biologics MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
327.7% Upside
$16.17 Price Target
Short Interest
Bearish
9.58% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
Decreasing
From ($0.60) to ($0.72) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.66 out of 5 stars

Medical Sector

396th out of 905 stocks

Pharmaceutical Preparations Industry

183rd out of 430 stocks

ABCL stock logo

About AbCellera Biologics Stock (NASDAQ:ABCL)

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. It has a research collaboration and license agreement with Eli Lilly and Company; and a research collaboration with Confo Therapeutics for the discovery of therapeutic antibody candidates targeting two undisclosed GPCR targets, as well as strategic collaboration with Biogen Inc. to discover therapeutic antibodies for neurological conditions. The company was incorporated in 2012 and is headquartered in Vancouver, Canada.

ABCL Stock Price History

ABCL Stock News Headlines

KeyBanc Reaffirms Their Buy Rating on AbCellera Biologics (ABCL)
3 Stock Gems Hiding in the Nasdaq
Q1 2024 Abcellera Biologics Inc Earnings Call
AbCellera Reports Q1 2024 Business Results
What Wall Street expects from AbCellera Biologics's earnings
AbCellera Biologics Inc. (ABCL)
The 7 Best Penny Stocks to Buy in Q2 2024
See More Headlines
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Company Calendar

Last Earnings
5/07/2024
Today
6/06/2024
Next Earnings (Estimated)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Pharmaceutical preparations
Sub-Industry
N/A
Current Symbol
NASDAQ:ABCL
Fax
N/A
Employees
586
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$16.17
High Stock Price Target
$24.00
Low Stock Price Target
$7.00
Potential Upside/Downside
+327.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
7 Analysts

Profitability

Net Income
$-146,400,000.00
Net Margins
-410.47%
Pretax Margin
-471.19%

Debt

Sales & Book Value

Annual Sales
$38.03 million
Book Value
$3.97 per share

Miscellaneous

Free Float
198,633,000
Market Cap
$1.11 billion
Optionable
Optionable
Beta
0.45
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Key Executives

  • Dr. Carl L.G. Hansen Ph.D. (Age 49)
    CEO, President & Chairperson
    Comp: $711.47k
  • Mr. Andrew Booth M.B.A.Mr. Andrew Booth M.B.A. (Age 50)
    Chief Financial Officer
    Comp: $642.42k
  • Dr. Veronique Lecault Ph.D. (Age 39)
    COO & Director
    Comp: $645.07k
  • Mr. Tryn T. Stimart Esq. (Age 54)
    J.D., M.Sc., Chief Legal Officer, CCO, Compliance Officer, Corporate Secretary & Privacy Officer
    Comp: $644.4k
  • Mr. Neil Aubuchon B.A. (Age 53)
    M.B.A., Chief Commercial Officer
    Comp: $684.81k
  • Marcie Thiessen CPA
    CGA, Senior Director of Finance & Accounting
  • Dr. Ester Falconer Ph.D. (Age 49)
    Chief Technology Officer
  • Kathleen Reid B.A.
    Head of Corporate Communications
  • Graham Craig M.Sc.
    Director of Corporate Development
  • Mr. Murray McCutcheon Ph.D.
    Senior Vice President of Partnering

ABCL Stock Analysis - Frequently Asked Questions

Should I buy or sell AbCellera Biologics stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AbCellera Biologics in the last year. There are currently 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ABCL shares.
View ABCL analyst ratings
or view top-rated stocks.

What is AbCellera Biologics' stock price target for 2024?

7 brokerages have issued 1 year target prices for AbCellera Biologics' shares. Their ABCL share price targets range from $7.00 to $24.00. On average, they predict the company's stock price to reach $16.17 in the next year. This suggests a possible upside of 327.7% from the stock's current price.
View analysts price targets for ABCL
or view top-rated stocks among Wall Street analysts.

How have ABCL shares performed in 2024?

AbCellera Biologics' stock was trading at $5.71 at the beginning of the year. Since then, ABCL stock has decreased by 33.8% and is now trading at $3.78.
View the best growth stocks for 2024 here
.

Are investors shorting AbCellera Biologics?

AbCellera Biologics saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 19,750,000 shares, a decrease of 15.2% from the April 30th total of 23,290,000 shares. Based on an average trading volume of 1,350,000 shares, the short-interest ratio is presently 14.6 days. Currently, 9.6% of the shares of the stock are sold short.
View AbCellera Biologics' Short Interest
.

When is AbCellera Biologics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our ABCL earnings forecast
.

How were AbCellera Biologics' earnings last quarter?

AbCellera Biologics Inc. (NASDAQ:ABCL) announced its earnings results on Tuesday, May, 7th. The company reported ($0.14) earnings per share for the quarter, beating analysts' consensus estimates of ($0.16) by $0.02. The business had revenue of $9.95 million for the quarter, compared to analyst estimates of $10.73 million. AbCellera Biologics had a negative net margin of 410.47% and a negative trailing twelve-month return on equity of 12.61%. The company's revenue was down 18.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.14) earnings per share.

What ETFs hold AbCellera Biologics' stock?

ETFs with the largest weight of AbCellera Biologics (NASDAQ:ABCL) stock in their portfolio include TrueShares Technology, AI & Deep Learning ETF (LRNZ).iShares Genomics Immunology and Healthcare ETF (IDNA).

When did AbCellera Biologics IPO?

AbCellera Biologics (ABCL) raised $356 million in an 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 acted as the underwriters for the IPO.

Who are AbCellera Biologics' major shareholders?

AbCellera Biologics' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Baker BROS. Advisors LP (9.36%), Baillie Gifford & Co. (7.92%), Lazard Asset Management LLC (0.69%), TrueMark Investments LLC (0.04%), Mirae Asset Global Investments Co. Ltd. (0.03%) and Duality Advisers LP (0.02%). 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.
View institutional ownership trends
.

How do I buy shares of AbCellera Biologics?

Shares of ABCL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ABCL) was last updated on 6/6/2024 by MarketBeat.com Staff

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