In the pursuit of market outperformance, investors navigate the landscape of stock selection. The right picks can play a pivotal role in enhancing your wealth.
The closing price of Adaptive Biotechnologies Corp (NASDAQ: ADPT) was $6.69 for the day, down -5.77% from the previous closing price of $7.10. In other words, the price has decreased by -$5.77 from its previous closing price. On the day, 1.8 million shares were traded. ADPT stock price reached its highest trading level at $7.075 during the session, while it also had its lowest trading level at $6.61.
Ratios:
Our analysis of ADPT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.38 and its Current Ratio is at 3.52. In the meantime, Its Debt-to-Equity ratio is 1.00 whereas as Long-Term Debt/Eq ratio is at 0.96.
On January 05, 2023, Scotiabank started tracking the stock assigning a Sector Outperform rating and target price of $15.
Piper Sandler Upgraded its Neutral to Overweight on December 21, 2022, whereas the target price for the stock was revised from $7.50 to $14.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 18 ’24 when PISKEL KYLE sold 248 shares for $4.98 per share. The transaction valued at 1,235 led to the insider holds 154,330 shares of the business.
Taylor Stacy L sold 26,922 shares of ADPT for $121,079 on Aug 22 ’24. The SVP and General Counsel now owns 139,365 shares after completing the transaction at $4.50 per share. On Aug 22 ’24, another insider, STACY L TAYLOR, who serves as the Officer of the company, bought 26,922 shares for $4.50 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ADPT now has a Market Capitalization of 987303552 and an Enterprise Value of 968303744. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.57 while its Price-to-Book (P/B) ratio in mrq is 4.41. Its current Enterprise Value per Revenue stands at 5.462 whereas that against EBITDA is -6.59.
Stock Price History:
Over the past 52 weeks, ADPT has reached a high of $7.46, while it has fallen to a 52-week low of $2.28. The 50-Day Moving Average of the stock is 13.83%, while the 200-Day Moving Average is calculated to be 52.39%.
Shares Statistics:
ADPT traded an average of 1.19M shares per day over the past three months and 1116290 shares per day over the past ten days. A total of 147.56M shares are outstanding, with a floating share count of 142.73M. Insiders hold about 3.28% of the company’s shares, while institutions hold 92.26% stake in the company. Shares short for ADPT as of 1734048000 were 9030599 with a Short Ratio of 7.57, compared to 1731628800 on 8203880. Therefore, it implies a Short% of Shares Outstanding of 9030599 and a Short% of Float of 7.8600004000000006.
