AbCellera Biologics Inc. (ABCL) shares rallied 15% in the last trading session to close at $5.15. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 31.4% gain over the past four weeks.
The sudden price rise can be attributed to growing investor optimism related to the company’s progress with its pipeline candidate, ABCL635, a first-in-class antibody that is being developed for the non-hormonal treatment of vasomotor symptoms (hot flashes) associated with menopause. AbCellera plans to begin a phase I study on ABCL635 in the second half of 2025.
This company is expected to post quarterly loss of $0.16 per share in its upcoming report, which represents a year-over-year change of -23.1%. Revenues are expected to be $9.33 million, up 27.4% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For ABCELLERA BIOLG, the consensus EPS estimate for the quarter has been revised 5.9% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on ABCL going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
ABCELLERA BIOLG is part of the Zacks Medical - Biomedical and Genetics industry. Jazz Pharmaceuticals (JAZZ), another stock in the same industry, closed the last trading session 0.2% lower at $112.65. JAZZ has returned 5% in the past month.
Jazz's consensus EPS estimate for the upcoming report has changed +4.2% over the past month to -$6.12. Compared to the company's year-ago EPS, this represents a change of -215.5%. Jazz currently boasts a Zacks Rank of #4 (Sell).
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AbCellera Biologics Inc. (ABCL): Free Stock Analysis Report Jazz Pharmaceuticals PLC (JAZZ): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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