Is Adaptimmune Therapeutics Plc ADR (NASDAQ: ADAP) Back In The Buying Zone?

Currently, there are 227.17M common shares owned by the public and among those 226.31M shares have been available to trade.

The company’s stock has a 5-day price change of -14.98% and -43.29% over the past three months. ADAP shares are trading -14.91% year to date (YTD), with the 12-month market performance up to 40.88% higher. It has a 12-month low price of $0.42 and touched a high of $2.05 over the same period. ADAP has an average intraday trading volume of 1.40 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -9.00%, -21.55%, and -39.83% respectively.

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Institutional ownership of Adaptimmune Therapeutics Plc ADR (NASDAQ: ADAP) shares accounts for 47.97% of the company’s 227.17M shares outstanding.

It has a market capitalization of $172.55M and a beta (3y monthly) value of 2.18. The earnings-per-share (ttm) stands at -$0.21. Price movements for the stock have been influenced by the stock’s volatility, which stands at 17.08% over the week and 9.71% over the month.

Earnings per share for the fiscal year are expected to increase by 70.37%, and -237.50% over the next financial year. EPS should shrink at an annualized rate of 1.00% over the next five years, compared to 10.30% over the past 5-year period.

Looking at the support for the ADAP, a number of firms have released research notes about the stock. H.C. Wainwright stated their Buy rating for the stock in a research note on July 30, 2024, with the firm’s price target at $4. Scotiabank coverage for the Adaptimmune Therapeutics Plc ADR (ADAP) stock in a research note released on May 30, 2024 offered a Sector Outperform rating with a price target of $3.15. Bryan Garnier was of a view on March 24, 2023 that the stock is Buy, while Guggenheim gave the stock Buy rating on January 03, 2023, issuing a price target of $5. Mizuho on their part issued Buy rating on November 09, 2022.

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