Abaxis, Inc. (ABAX) Sets All Time High

May 16, 2018 - By Don Salinas

Abaxis, Inc. (NASDAQ:ABAX) Corporate Logo

During Q4 2017 the big money sentiment decreased to 1.27. That’s change of 0.05, from 2017Q3’s 1.32. 12 investors sold all, 40 reduced holdings as Abaxis, Inc. ratio dived. 41 increased holdings while 25 funds took holdings. Funds hold 21.66 million shares thus 0.81% less from 2017Q3’s 21.83 million shares.
Us Comml Bank De has 42,464 shs for 0.01% of their capital. Blackrock reported 2.83 million shs. Copeland Cap Management Lc invested in 328,536 shs. State Teachers Retirement Sys invested 0.01% of its capital in Abaxis, Inc. (NASDAQ:ABAX). Ubs Asset Mgmt Americas Inc holds 4,380 shs. Piedmont Investment Advsrs Llc reported 4,665 shs stake. Peak6 Investments Ltd Partnership reported 4,076 shs. Advisory Ser Ntwk Limited Liability Com has invested 0% in Abaxis, Inc. (NASDAQ:ABAX). Regions Fincl has invested 0.02% in Abaxis, Inc. (NASDAQ:ABAX). Bessemer Group owns 434 shs or 0% of their US capital. Amer Gp Inc owns 17,534 shs. Renaissance Tech Ltd Liability Company accumulated 0.01% or 162,971 shs. Switzerland-based Swiss Financial Bank has invested 0% in Abaxis, Inc. (NASDAQ:ABAX). The Pennsylvania-based Vanguard Group Inc has invested 0% in Abaxis, Inc. (NASDAQ:ABAX). Point72 Asset Mngmt Lp has 0% invested in Abaxis, Inc. (NASDAQ:ABAX) for 15,900 shs.

Abaxis, Inc. had 10 insider sales and 0 buys since January 30, 2018. This’s net activity of $2.85 million. Shares for $355,327 were sold by CASEY MICHAEL D. On Wednesday, January 31 $122,652 worth of stock was sold by TOCKMAN CRAIG. 10,000 shs valued at $689,851 were sold by WOOD DONALD PETER on Tuesday, March 6. On Tuesday, January 30 $333,460 worth of stock was sold by EVENHUIS HENK. The insider SINGH PRITHIPAL sold $149,255. On Tuesday, March 6 ARON KENNETH sold $98,266 worth of Abaxis, Inc. (NASDAQ:ABAX).

Abaxis, Inc. (NASDAQ:ABAX) touched all time high on May, 17 with $88.34 target or 6.00 % above the last $83.34 share price. The all time high was reported by Barchart.com. The company has $1.89 billion MC. At our $88.34 target, the company worth will be $113.52 million more.

ABAX hit $83.34 during the last trading session after $11.59 change.Abaxis, Inc. is uptrending after having risen 44.47% since May 17, 2017. ABAX has 4.19 million volume or 2804.89% up from normal. The stock outperformed the S&P500 by 32.92%.

On July, 26 WallStreet expected Abaxis, Inc. (NASDAQ:ABAX)’s earnings release, as reported by RTT. Analysts expect change of 25.00 % or $0.07 from previous year’s $0.28 EPS compared to current’s $0.35 EPS. This could reach $7.95 million profit for ABAX assuming the current $0.35 EPS will become reality. After $0.42 EPS report previous quarter, Wall Street now sees -16.67 % negative EPS growth of Abaxis, Inc..

Abaxis, Inc. (NASDAQ:ABAX) Ratings Coverage

In total 7 analysts cover Abaxis (NASDAQ:ABAX). “Buy” rating has 1, “Sell” are 1, while 5 are “Hold”. 14% are bullish. With $90.0 highest and $48 lowest PT Abaxis has $65 average PT or -22.01% below the current ($83.34) price. 11 are the (NASDAQ:ABAX)’s analyst reports since November 30, 2017 according to StockzIntelligence Inc. In Tuesday, January 16 report Canaccord Genuity maintained the stock with “Hold” rating. On Friday, April 27 Stifel Nicolaus maintained Abaxis, Inc. (NASDAQ:ABAX) with “Hold” rating. On Tuesday, January 9 Northcoast maintained the shares of ABAX in report with “Buy” rating. The stock rating was maintained by Northcoast with “Buy” on Monday, January 29. On Thursday, January 25 the firm has “Hold” rating given by Stifel Nicolaus. On Wednesday, May 16 the firm earned “Neutral” rating by Sidoti. On Monday, January 29 the rating was maintained by Canaccord Genuity with “Hold”. On Thursday, February 8 the stock of Abaxis, Inc. (NASDAQ:ABAX) earned “Underperform” rating by Bank of America. On Tuesday, January 9 the firm has “Hold” rating by Raymond James given. The company rating was maintained by Stephens on Friday, January 26.

For more Abaxis, Inc. (NASDAQ:ABAX) news brought out briefly go to: Fool.com, Prnewswire.com, Businesswire.com, Benzinga.com or Themiddlemarket.com. The titles are as follows: “Why Under Armour, Boot Barn Holdings, and Abaxis Jumped Today” brought out on May 16, 2018, “ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Abaxis, Inc.” on May 16, 2018, “Bragar Eagel & Squire, PC is Investigating the Board of Directors of Abaxis, Inc. (ABAX) on Behalf of Stockholders and …” with a publish date: May 16, 2018, “A Preview Of Abaxis Q4 Earnings” and the last “M&A daily wrap: NFL’s Carolina Panthers, Cam Newton, David Tepper, Appaloosa, Brynwood Partners” with publication date: May 16, 2018.

Abaxis, Inc. develops, manufactures, markets, and sells portable blood analysis systems for use in human or veterinary patient care settings to provide rapid blood constituent measurements for clinicians worldwide.The firm is worth $1.89 billion. It operates in two divisions, Medical Market and Veterinary Market.77.17 is the P/E ratio. The firm offers Piccolo chemistry analyzers with rapid blood constituent measurements for use in human patient care; and Piccolo profiles that are single-use medical reagents.

Abaxis, Inc. (NASDAQ:ABAX) Institutional Investors Chart

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