Adma Biologics Inc (ADMA) concluded trading on 12/28/23 at a closing price of $4.52, with 4.18 million shares of worth about $18.9 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 24.52% during that period and on Thursday the price saw a gain of about 0.67%. Currently the company’s common shares owned by public are about 221.82M shares, out of which, 216.57M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 4 analysts are covering the ADMA stock and their offered price forecasts bring an average price target of $6.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $7.00 and could fall to a lowest price of $5.00. The stock’s current price level is 24.67% above of average price target set by the analysts, while a rise to estimated low would result in gain of 9.6% for the stock. However, touching the estimated high of $7.00 would mean a gain of 35.43% for the stock.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 45 times over the past 12 months. They bought 3,928,481 shares in 22 of the transactions. In 23 selling transactions, insiders dumped 3,836,010 shares.
Adma Biologics Inc (NASDAQ: ADMA) started trading at $4.47, below -$0.02 from concluding price of the previous day. However, the stock later moved at a day high price of 4.5800, or with a gain of 0.67%. Stock saw a price change of 10.51% in past 5 days and over the past one month there was a price change of 21.51%. Year-to-date (YTD), ADMA shares are showing a performance of 16.49% which increased to 24.52% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.94 but also hit the highest price of $4.65 during that period. The average intraday trading volume for Adma Biologics Inc shares is 1.86 million. The stock is currently trading 13.45% above its 20-day simple moving average (SMA20), while that difference is up 20.68% for SMA50 and it goes to 22.03% higher than SMA200.
Adma Biologics Inc (NASDAQ: ADMA) currently have 221.82M outstanding shares and institutions hold larger chunk of about 76.88% of that.
The stock has a current market capitalization of $1.02B and its 3Y-monthly beta is at 0.54. It has posted earnings per share of -$0.11 in the same period. It has Quick Ratio of 2.64 while making debt-to-equity ratio of 1.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ADMA, volatility over the week remained 3.15% while standing at 3.75% over the month.
Analysts are in expectations that Adma Biologics Inc (ADMA) stock would likely to be making an EPS of $0.01 in the current quarter, while forecast for next quarter EPS is $0.02 and it is $0.17 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.01 which is $0.02 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.06 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 92.42% while it is estimated to increase by 790.00% in next year.
Analysts at 4 brokerage firms have issued recommendations for the Adma Biologics Inc (ADMA)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 4 Wall Street analysts, 4 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Raymond James on July 19, 2023 offering a Strong buy rating for the stock and assigned a target price of $5 to it.
