Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
Adial Pharmaceuticals Inc (NASDAQ: ADIL) closed the day trading at $1.90 down -1.55% from the previous closing price of $1.93. In other words, the price has decreased by $-1.55 from its previous closing price. On the day, 2.5 million shares were traded. ADIL stock price reached its highest trading level at $2.05 during the session, while it also had its lowest trading level at $1.8064.
Ratios:
For a better understanding of ADIL, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.90 and its Current Ratio is at 4.90. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Maxim Group on October 30, 2018, initiated with a Buy rating and assigned the stock a target price of $5.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 29 ’23 when Schuyler Kevin bought 700 shares for $2.74 per share. The transaction valued at 1,918 led to the insider holds 700 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ADIL now has a Market Capitalization of 7704234 and an Enterprise Value of 4998799.
Stock Price History:
The Beta on a monthly basis for ADIL is 1.31, which has changed by -0.7913513 over the last 52 weeks, in comparison to a change of 0.2006725 over the same period for the S&P500. Over the past 52 weeks, ADIL has reached a high of $14.00, while it has fallen to a 52-week low of $0.76. The 50-Day Moving Average of the stock is 15.36%, while the 200-Day Moving Average is calculated to be -30.05%.
Shares Statistics:
Over the past 3-months, ADIL traded about 6.37M shares per day on average, while over the past 10 days, ADIL traded about 15392060 shares per day. A total of 4.05M shares are outstanding, with a floating share count of 3.78M. Insiders hold about 6.78% of the company’s shares, while institutions hold 6.55% stake in the company. Shares short for ADIL as of 1711584000 were 8655 with a Short Ratio of 0.00, compared to 1709164800 on 28100. Therefore, it implies a Short% of Shares Outstanding of 8655 and a Short% of Float of 0.5599999999999999.
Earnings Estimates
Investors are eagerly awaiting the insights provided by Analog Devices, Inc. analysts currently analyzing and rating the stock of Adial Pharmaceuticals Inc (ADIL).
