ABL Stock Summary and Trading Ideas (Abacus Life - Class A | NASDAQ:ABL)

Abacus Life Inc is a vertically integrated alternative asset manager specializing in investing in life insurance products throughout the lifecycle of a life insurance policy.

Abacus Life - Class A trades on the NASDAQ stock market under the symbol ABL.

As of November 1, 2024, ABL stock price declined to $8.54 with 55,358 million shares trading.

ABL has a beta of 0.12, meaning it tends to be less sensitive to market movements. ABL has a correlation of 0.00 to the broad based SPY ETF.

ABL has a market cap of $637.52 million. This is considered a Small Cap stock.

Last quarter Abacus Life - Class A reported $29 million in Revenue and $.18 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.05.

The top ETF exchange traded funds that ABL belongs to (by Net Assets): VTI, VXF, SCHA.

ABL has outperformed the market in the last year with a return of +37.7%, while the SPY ETF gained +36.8%. However, in the most recent history, ABL shares have underperformed the stock market with its stock returning -11.2% in the last 3 month period and -10.0% for the last 2 week period, while SPY has returned +5.5% and -2.3%, respectively.

ABL support price is $8.32 and resistance is $8.97 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ABL shares will trade within this expected range on the day.