Adaptimmune Therapeutics Plc ADR (ADAP) stock hits $1.21: Is it a good time to buy or wait for a dip?

Adaptimmune Therapeutics Plc ADR [ADAP] stock prices are up 3.42% to $1.21 at the moment. 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 12.04% over the last week, with a monthly amount drifted -6.92%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Adaptimmune Therapeutics Plc ADR [NASDAQ: ADAP] stock has seen the most recent analyst activity on July 30, 2024, when H.C. Wainwright initiated its Buy rating and assigned the stock a price target of $4. Previously, Scotiabank started tracking the stock with Sector Outperform rating on May 30, 2024, and set its price target to $3.15. On March 24, 2023, Bryan Garnier initiated with a Buy rating and assigned a price target of $3.60 on the stock. Guggenheim upgraded its rating to a Buy but stick to its price target of $5 on January 03, 2023. Mizuho upgraded its rating to a Buy but $9 remained the price target by the analyst firm on November 09, 2022. Barclays started tracking with a Underweight rating for this stock on May 28, 2021, and assigned it a price target of $4. In a note dated April 22, 2020, Mizuho initiated an Neutral rating and provided a target price of $3 on this stock.

The stock price of Adaptimmune Therapeutics Plc ADR [ADAP] has been fluctuating between $0.42 and $2.05 over the past year. Currently, Wall Street analysts expect the stock to reach $2.83 within the next 12 months. Adaptimmune Therapeutics Plc ADR [NASDAQ: ADAP] shares were valued at $1.21 at the most recent close of the market. An investor can expect a potential return of 133.88% based on the average ADAP price forecast.

Analyzing the ADAP fundamentals

The Adaptimmune Therapeutics Plc ADR [NASDAQ:ADAP] reported sales of 141.56M for trailing twelve months, representing a surge of 2394.41%. Gross Profit Margin for this corporation currently stands at 0.92% with Operating Profit Margin at -0.59%, Pretax Profit Margin comes in at -0.55%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -0.23, Equity is -1.17 and Total Capital is -0.35. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.31.

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 1.1700 points at the first support level, and at 1.1300 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.2400, and for the 2nd resistance point, it is at 1.2700.

Ratios To Look Out For

It’s worth pointing out that Adaptimmune Therapeutics Plc ADR [NASDAQ:ADAP]’s Current Ratio is 3.09. As well, the Quick Ratio is 3.09, while the Cash Ratio is 2.58. Considering the valuation of this stock, the price to sales ratio is 2.19, the price to book ratio is 3.21.

Transactions by insiders

Recent insider trading involved Piccina Cintia, Chief Commercial Officer, that happened on Jun 18 ’24 when 24531.0 shares were sold. Chief Executive Officer, Rawcliffe Adrian completed a deal on Jan 17 ’24 to sell 30080.0 shares. Meanwhile, Chief Executive Officer Rawcliffe Adrian sold 9304.0 shares on Jan 16 ’24.

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