Adaptive Biotechnologies Corp [ADPT] stock is trading at $4.32, up 0.47%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ADPT shares have lost -2.70% over the last week, with a monthly amount glided 22.03%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Scotiabank started tracking the stock with Sector Outperform rating on January 05, 2023, and set its price target to $15. On December 21, 2022, upgrade upgraded it’s rating to Overweight and revised its price target to $14 on the stock. Credit Suisse started tracking the stock assigning a Underperform rating and suggested a price target of $8 on August 25, 2022. Piper Sandler initiated its recommendation with a Neutral and recommended $7.50 as its price target on June 03, 2022. JP Morgan reiterated a Overweight rating for this stock on February 16, 2022, and downed its price target to $50. In a note dated February 16, 2022, Goldman reiterated an Neutral rating on this stock and revised its target price from $54 to $21.
Adaptive Biotechnologies Corp [ADPT] stock has fluctuated between $2.28 and $7.73 over the past year. Currently, Wall Street analysts expect the stock to reach $12.33 within the next 12 months. Adaptive Biotechnologies Corp [NASDAQ: ADPT] shares were valued at $4.32 at the most recent close of the market. An investor can expect a potential return of 185.42% based on the average ADPT price forecast.
Analyzing the ADPT fundamentals
Adaptive Biotechnologies Corp [NASDAQ:ADPT] reported sales of 168.77M for the trailing twelve months, which represents a drop of -11.72%. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at -1.09%, Pretax Profit Margin comes in at -1.27%, and Net Profit Margin reading is -1.26%. To continue investigating profitability, this company’s Return on Assets is posted at -0.36, Equity is -0.72 and Total Capital is -0.37. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.59.
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 3.98 points at the first support level, and at 3.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.53, and for the 2nd resistance point, it is at 4.74.
Ratios To Look Out For
For context, Adaptive Biotechnologies Corp’s Current Ratio is 3.99. Also, the Quick Ratio is 3.84, while the Cash Ratio stands at 0.68. Considering the valuation of this stock, the price to sales ratio is 3.77, the price to book ratio is 2.64.
Transactions by insiders
Recent insider trading involved ROBINS CHAD M, CEO and Chairman, that happened on Mar 05 ’24 when 48673.0 shares were sold. President, RUBINSTEIN JULIE completed a deal on Mar 05 ’24 to sell 39070.0 shares. Meanwhile, Chief Commercial Ofc Imm Med BENZENO SHARON sold 29390.0 shares on Mar 05 ’24.
