Adma Biologics Inc (ADMA) Outlook Starting To Look Brighter?

Adma Biologics Inc (ADMA) concluded trading on Thursday at a closing price of $6.20, with 2.98 million shares of worth about $18.48 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 80.23% during that period and on April 18, 2024 the price saw a gain of about 2.65%. Currently the company’s common shares owned by public are about 226.06M shares, out of which, 222.93M shares are available for trading.

Stock saw a price change of -0.32% in past 5 days and over the past one month there was a price change of 0.16%. Year-to-date (YTD), ADMA shares are showing a performance of 37.17% which increased to 85.63% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.06 but also hit the highest price of $6.76 during that period. The average intraday trading volume for Adma Biologics Inc shares is 2.54 million. The stock is currently trading -1.45% below its 20-day simple moving average (SMA20), while that difference is up 5.34% for SMA50 and it goes to 39.36% higher than SMA200.

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Adma Biologics Inc (NASDAQ: ADMA) currently have 226.06M outstanding shares and institutions hold larger chunk of about 73.17% of that.

The stock has a current market capitalization of $1.44B and its 3Y-monthly beta is at 0.45. It has posted earnings per share of -$0.13 in the same period. It has Quick Ratio of 1.69 while making debt-to-equity ratio of 1.05. 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 4.37% while standing at 3.65% over the month.

Stock’s fiscal year EPS is expected to rise by 326.92% while it is estimated to increase by 69.49% in next year.

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. Coverage by Mizuho stated Adma Biologics Inc (ADMA) stock as a Buy in their note to investors on October 13, 2022, suggesting a price target of $5 for the stock. On November 11, 2021, Raymond James Upgrade their recommendations, while on November 09, 2021, Cantor Fitzgerald Initiated their ratings for the stock with a price target of $4.50. Stock get a Buy rating from Jefferies on June 04, 2019.

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