Adaptive Biotechnologies Corp (NASDAQ:ADPT) saw an upside of 12.50% to $5.72 after adding $0.64 on Tuesday. The 5-day average trading volume is 1,666,085 shares of the company’s common stock. It has gained $6.32 in the past week and touched a new high 2 times within the past 5 days. An average of 1,305,661 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,227,035.
ADPT’s 1-month performance is -7.22% or -$0.56 on its low of $4.95 reached on 09/21/23. The company’s shares have touched a 52-week low of $4.95 and high of $10.79, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, ADPT has lost -25.20% or -$2.04 and has reached a new high 10 times. However, the current price is down -47.03% from the 52-week high price.
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Insider Transactions
ADPT stock investors last saw insider trading activity on Aug 08.SOOD NITIN (Chief Commercial Officer, MRD) most recently sold 10,550 shares at $6.54 per share on Aug 08. This transaction cost the insider $68,997. Chief Commercial Officer, MRD, SOOD NITIN, sold 5,652 shares at a price of $6.78 on Aug 07. Then, on Jun 20, Chief Financial Officer PETERSON TYCHO sold 134,961 shares at a price of $8.14 per share. This transaction amounted to $1,098,583.
Valuation Metrics
ADPT stock has a beta of 1.26. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.36 while the price-to-book (PB) in the most recent quarter is 2.09.
Adaptive Biotechnologies Corp’s quick ratio for the period ended June 29 was 4.80, with the current ratio over the same period at 5.00. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.56, while the total debt to equity was 0.59. In terms of profitability, the gross margin trailing 12 months is 52.62%. The trailing 12-month EBITDA margin is -91.75% while for the period ending June 29, Adaptive Biotechnologies Corp’s operating margin was -100.01%. The firm’s gross profit as reported stood at $127.4 million against revenue of $185.31 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -8.87% to -$47.81 million, while revenue of -$57.7 million was -20.69% off the previous quarter. Analysts expected ADPT to announce -$0.35 per share in earnings in its latest quarter, but it posted -$0.33, representing a 5.70% surprise. EBITDA for the quarter stood at more than -$44.08 million. ADPT stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 368.57 million, with total debt at $231.69 million. Shareholders hold equity totaling $144.65 million.
Let’s look briefly at Adaptive Biotechnologies Corp (ADPT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 44.57% to suggest the stock is trending Neutral, with historical volatility in this time period at 93.99%.
The stock’s 5-day moving average is $5.22, reflecting a +3.13% or $0.17 change from its current price. ADPT is currently trading -9.24% above its 20-day SMA, -25.33% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -24.01% and SMA200 by-29.56%.
Stochastic %K and %D was 15.71% and 10.44% and the average true range (ATR) pointed at 0.44. The RSI (14) points at 42.18%, while the 14-day stochastic is at 34.04% with the period’s ATR at 0.41. The stock’s 9-day MACD Oscillator is pointing at -0.23 and -0.54 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for ADPT stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate ADPT as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 7 have offered a “buy” rating.
What is ADPT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $11.00 and a high of $15.00, with their median price target at $12.00. Looking at these predictions, the average price target given by analysts is for Adaptive Biotechnologies Corp (ADPT) stock is $12.57.
