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Is it Time to Dump Absci Corp (ABSI) Stock After it Has Risen 1.77% in a Week?

Monday, November 28, 2022 02:20 PM | InvestorsObserver Analysts

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Is it Time to Dump Absci Corp (ABSI) Stock After it Has Risen 1.77% in a Week?

Overall market sentiment has been down on Absci Corp (ABSI) stock lately. ABSI receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
Absci Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on ABSI!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With ABSI Stock Today?

Absci Corp (ABSI) stock has risen 2.48% while the S&P 500 is lower by -1.46% as of 2:19 PM on Monday, Nov 28. ABSI is up $0.06 from the previous closing price of $2.24 on volume of 605,172 shares. Over the past year the S&P 500 is lower by -14.78% while ABSI is lower by -79.13%. ABSI lost -$1.22 per share in the over the last 12 months. To screen for more stocks like Absci Corp click here.

More About Absci Corp

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. Click Here to get the full Stock Report for Absci Corp stock.

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