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The closing price of Adc Therapeutics SA (NYSE: ADCT) was $2.93 for the day, down -8.44% from the previous closing price of $3.20. In other words, the price has decreased by -$8.44 from its previous closing price. On the day, 0.51 million shares were traded. ADCT stock price reached its highest trading level at $3.195 during the session, while it also had its lowest trading level at $2.8119.
Ratios:
Our analysis of ADCT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 5.90 and its Current Ratio is at 6.17.
On March 28, 2024, Guggenheim started tracking the stock assigning a Buy rating and target price of $11.
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 Jul 01 ’24 when Redmile Group, LLC bought 400,000 shares for $2.81 per share. The transaction valued at 1,124,000 led to the insider holds 15,669,217 shares of the business.
Redmile Group, LLC bought 400,000 shares of ADCT for $1,124,000 on Jul 01 ’24. The 10% Owner now owns 12,995,040 shares after completing the transaction at $2.81 per share. On Jun 17 ’24, another insider, Azelby Robert, who serves as the Director of the company, sold 6,995 shares for $2.89 each. As a result, the insider received 20,216 and left with 53,005 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ADCT now has a Market Capitalization of 283294944 and an Enterprise Value of 449760832. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.24. Its current Enterprise Value per Revenue stands at 6.738 whereas that against EBITDA is -3.272.
Stock Price History:
Over the past 52 weeks, ADCT has reached a high of $6.04, while it has fallen to a 52-week low of $0.36. The 50-Day Moving Average of the stock is -2.97%, while the 200-Day Moving Average is calculated to be -19.89%.
Shares Statistics:
ADCT traded an average of 356.93K shares per day over the past three months and 370760 shares per day over the past ten days. A total of 82.29M shares are outstanding, with a floating share count of 79.21M. Insiders hold about 18.08% of the company’s shares, while institutions hold 67.41% stake in the company. Shares short for ADCT as of 1728950400 were 3508209 with a Short Ratio of 9.83, compared to 1726185600 on 3141018. Therefore, it implies a Short% of Shares Outstanding of 3508209 and a Short% of Float of 5.19.
