In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
As of close of business last night, Adaptive Biotechnologies Corp’s stock clocked out at $7.70, down -0.65% from its previous closing price of $7.75. In other words, the price has decreased by -$0.65 from its previous closing price. On the day, 0.94 million shares were traded. ADPT stock price reached its highest trading level at $7.99 during the session, while it also had its lowest trading level at $7.45.
Ratios:
To gain a deeper understanding of ADPT’s stock, we examine its different ratios. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 1136358272 and an Enterprise Value of 1117359104. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.41 while its Price-to-Book (P/B) ratio in mrq is 5.08. Its current Enterprise Value per Revenue stands at 6.303 whereas that against EBITDA is -7.604.
Stock Price History:
The Beta on a monthly basis for ADPT is 1.49, which has changed by 1.0557029 over the last 52 weeks, in comparison to a change of 0.21926713 over the same period for the S&P500. Over the past 52 weeks, ADPT has reached a high of $8.33, while it has fallen to a 52-week low of $2.28. The 50-Day Moving Average of the stock is 18.21%, while the 200-Day Moving Average is calculated to be 62.07%.
Shares Statistics:
It appears that ADPT traded 1.37M shares on average per day over the past three months and 1342680 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 94.31% stake in the company. Shares short for ADPT as of 1736899200 were 8656445 with a Short Ratio of 6.34, compared to 1734048000 on 9030599. Therefore, it implies a Short% of Shares Outstanding of 8656445 and a Short% of Float of 7.53.
