Market Momentum Report: Adaptimmune Therapeutics Plc ADR (ADAP)’s Positive Close at 0.82

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The price of Adaptimmune Therapeutics Plc ADR (NASDAQ: ADAP) closed at $0.82 in the last session, up 3.41% from day before closing price of $0.80. In other words, the price has increased by $3.41 from its previous closing price. On the day, 0.74 million shares were traded. ADAP stock price reached its highest trading level at $0.8334 during the session, while it also had its lowest trading level at $0.7782.

Ratios:

We take a closer look at ADAP’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 3.09 and its Current Ratio is at 3.09. In the meantime, Its Debt-to-Equity ratio is 0.49 whereas as Long-Term Debt/Eq ratio is at 0.44.

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, H.C. Wainwright on July 30, 2024, initiated with a Buy rating and assigned the stock a target price of $4.

On May 30, 2024, Scotiabank started tracking the stock assigning a Sector Outperform rating and target price of $3.15.

On March 24, 2023, Bryan Garnier started tracking the stock assigning a Buy rating and target price of $3.60.Bryan Garnier initiated its Buy rating on March 24, 2023, with a $3.60 target price.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 18 ’24 when Piccina Cintia sold 24,531 shares for $0.93 per share. The transaction valued at 22,814 led to the insider holds 38,293 shares of the business.

Rawcliffe Adrian sold 30,080 shares of ADAP for $20,244 on Jan 17 ’24. The Chief Executive Officer now owns 44,848 shares after completing the transaction at $0.67 per share. On Jan 16 ’24, another insider, Rawcliffe Adrian, who serves as the Chief Executive Officer of the company, sold 9,304 shares for $0.79 each. As a result, the insider received 7,350 and left with 14,104 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, ADAP now has a Market Capitalization of 210759456 and an Enterprise Value of 1055380288. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.49 while its Price-to-Book (P/B) ratio in mrq is 2.19. Its current Enterprise Value per Revenue stands at 7.461 whereas that against EBITDA is -14.481.

Stock Price History:

Over the past 52 weeks, ADAP has reached a high of $2.05, while it has fallen to a 52-week low of $0.42. The 50-Day Moving Average of the stock is -9.95%, while the 200-Day Moving Average is calculated to be -27.11%.

Shares Statistics:

According to the various share statistics, ADAP traded on average about 1.20M shares per day over the past 3-months and 1107050 shares per day over the past 10 days. A total of 227.17M shares are outstanding, with a floating share count of 226.31M. Insiders hold about 11.49% of the company’s shares, while institutions hold 49.25% stake in the company. Shares short for ADAP as of 1728950400 were 5555099 with a Short Ratio of 4.63, compared to 1726185600 on 7001127. Therefore, it implies a Short% of Shares Outstanding of 5555099 and a Short% of Float of 3.26.

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