A share price of Adaptive Biotechnologies Corp [ADPT] is currently trading at $6.50, down -2.84%. An important factor to consider is whether the stock is rising or falling in short-term value. The ADPT shares have gain 5.01% over the last week, with a monthly amount glided 0.93%, and seem to be holding up well over a long-time horizon.
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 experienced fluctuations in its stock price throughout the past year between $2.28 and $7.46. 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 $6.50 at the most recent close of the market. An investor can expect a potential return of 89.69% based on the average ADPT price forecast.
Analyzing the ADPT fundamentals
Trailing Twelve Months sales for Adaptive Biotechnologies Corp [NASDAQ:ADPT] were 177.28M which represents 22.46% growth. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at -0.94%, Pretax Profit Margin comes in at -1.1%, and Net Profit Margin reading is -1.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.35, Equity is -0.74 and Total Capital is -0.35.
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 6.30 points at the first support level, and at 6.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.64, and for the 2nd resistance point, it is at 6.77.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Adaptive Biotechnologies Corp [NASDAQ:ADPT] is 3.52. On the other hand, the Quick Ratio is 3.38, and the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 5.41, the price to book ratio is 4.29.
Transactions by insiders
Recent insider trading involved PISKEL KYLE, Chief Financial Officer, that happened on Nov 18 ’24 when 248.0 shares were sold. SVP and General Counsel, Taylor Stacy L completed a deal on Aug 22 ’24 to sell 26922.0 shares. Meanwhile, Officer STACY L TAYLOR bought 26922.0 shares on Aug 22 ’24.
