Better Times Ahead For Adaptimmune Therapeutics Plc ADR (NASDAQ: ADAP)?

Adaptimmune Therapeutics Plc ADR (ADAP) concluded trading on Thursday at a closing price of $0.98, with 2.72 million shares of worth about $2.67 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 67.83% during that period and on June 27, 2024 the price saw a gain of about 17.96%. Currently the company’s common shares owned by public are about 227.17M shares, out of which, 226.10M shares are available for trading.

Stock saw a price change of 12.37% in past 5 days and over the past one month there was a price change of -5.69%. Year-to-date (YTD), ADAP shares are showing a performance of 23.68% which increased to 8.64% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.42 but also hit the highest price of $2.05 during that period. The average intraday trading volume for Adaptimmune Therapeutics Plc ADR shares is 1.49 million. The stock is currently trading -0.26% below its 20-day simple moving average (SMA20), while that difference is down -6.95% for SMA50 and it goes to 4.36% higher than SMA200.

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Adaptimmune Therapeutics Plc ADR (NASDAQ: ADAP) currently have 227.17M outstanding shares and institutions hold larger chunk of about 52.00% of that.

The stock has a current market capitalization of $250.59M and its 3Y-monthly beta is at 2.27. It has posted earnings per share of -$0.73 in the same period. It has Quick Ratio of 2.81 while making debt-to-equity ratio of 0.97. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ADAP, volatility over the week remained 7.22% while standing at 6.80% over the month.

Stock’s fiscal year EPS is expected to drop by -640.61% while it is estimated to increase by 7.00% in next year. EPS is likely to shrink at an annualized rate of 1.00% for next 5-years, compared to annual growth of 10.30% made by the stock over the past 5-years.

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 Scotiabank on May 30, 2024 offering a Sector outperform rating for the stock and assigned a target price of $3.15 to it. Coverage by Bryan Garnier stated Adaptimmune Therapeutics Plc ADR (ADAP) stock as a Buy in their note to investors on March 24, 2023, suggesting a price target of $3.60 for the stock. On January 03, 2023, Guggenheim Upgrade their recommendations, while on November 09, 2022, Mizuho Upgrade their ratings for the stock with a price target of $9. Stock get an Underweight rating from Barclays on May 28, 2021.

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