At the time of writing, Adaptimmune Therapeutics Plc ADR [ADAP] stock is trading at $1.48, up 7.25%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ADAP shares have gain 18.40% over the last week, with a monthly amount glided 106.99%, and seem to be holding up well over a long-time horizon.
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On 21, February 2024, Adaptimmune to Report Q4 and Full Year 2023 Financial and Business Updates on Wednesday, March 6, 2024. In a post published today on Yahoo Finance, Philadelphia, Pennsylvania and Oxford, United Kingdom–(Newsfile Corp. – February 21, 2024) – Adaptimmune Therapeutics plc (NASDAQ: ADAP), a company redefining the treatment of solid tumor cancers with cell therapy, will report financial results and provide business updates for the fourth quarter and full year ended December 31, 2023, before the US markets open on Wednesday, March 6, 2024. Following the announcement, the Company will host a live webcast at 8:00 a.m. EST (1:00 p.m. GMT) that same day.
From an analyst’s perspective:
Adaptimmune Therapeutics Plc ADR [NASDAQ: ADAP] stock has seen the most recent analyst activity on March 24, 2023, when Bryan Garnier initiated its Buy rating and assigned the stock a price target of $3.60. Previously, Guggenheim upgraded its rating to Buy on January 03, 2023, and kept the price target unchanged to $5. On November 09, 2022, upgrade upgraded it’s rating to Buy but maintained its price target of $9 on the stock. Barclays started tracking the stock assigning a Underweight rating and suggested a price target of $4 on May 28, 2021. Mizuho initiated its recommendation with a Neutral and recommended $3 as its price target on April 22, 2020. Guggenheim downgraded its rating to Neutral for this stock on August 02, 2019. In a note dated May 31, 2019, ROTH Capital initiated an Buy rating.
For the past year, the stock price of Adaptimmune Therapeutics Plc ADR fluctuated between $0.42 and $1.85. Currently, Wall Street analysts expect the stock to reach $3 within the next 12 months. Adaptimmune Therapeutics Plc ADR [NASDAQ: ADAP] shares were valued at $1.48 at the most recent close of the market. An investor can expect a potential return of 102.7% based on the average ADAP price forecast.
Analyzing the ADAP fundamentals
According to Adaptimmune Therapeutics Plc ADR [NASDAQ:ADAP], the company’s sales were 71.57M for trailing twelve months, which represents an 4.74% jump. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.4067 points at the first support level, and at 1.3333 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.5267, and for the 2nd resistance point, it is at 1.5733.
Adaptimmune Therapeutics Plc ADR [ADAP] reported earnings per share of -$0.2 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.12/share, meaning a difference of -$0.08 and a surprise factor of -66.70%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.12 per share as compared to estimates of -$0.13 per share, a difference of $0.01 representing a surprise of 7.70%.
Ratios To Look Out For
It is important to note that Adaptimmune Therapeutics Plc ADR [NASDAQ:ADAP] has a current ratio of 2.92. As well, the Quick Ratio is 2.92, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 4.69, the price to book ratio is 3.81.
Transactions by insiders
Recent insider trading involved Rawcliffe Adrian, Chief Executive Officer, that happened on Jan 17 when 30080.0 shares were sold. Chief Operating Officer, Bertrand William C JR completed a deal on Jan 17 to sell 18908.0 shares. Meanwhile, Chief Medical Officer Norry Elliot sold 18276.0 shares on Jan 17.
