In the last trading session, 2.29 million Adaptimmune Therapeutics Plc ADR (NASDAQ:ADAP) shares changed hands as the company’s beta touched 2.27. With the company’s per share price at $1.37 changed hands at -$0.02 or -1.44% during last session, the market valuation stood at $350.04M. ADAP’s last price was a discount, traded about -49.64% off its 52-week high of $2.05. The share price had its 52-week low at $0.42, which suggests the last value was 69.34% up since then. When we look at Adaptimmune Therapeutics Plc ADR’s average trading volume, we note the 10-day average is 1.54 million shares, with the 3-month average coming to 1.66 million.
Analysts gave the Adaptimmune Therapeutics Plc ADR (ADAP) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.89. If we narrow down to specifics, the data shows that 1 out of 6 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended ADAP as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Adaptimmune Therapeutics Plc ADR’s EPS for the current quarter is expected to be -0.08.
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Adaptimmune Therapeutics Plc ADR (NASDAQ:ADAP) trade information
Instantly ADAP was in red as seen at the end of in last trading. With action 13.22%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 72.76%, with the 5-day performance at 13.22% in the green. However, in the 30-day time frame, Adaptimmune Therapeutics Plc ADR (NASDAQ:ADAP) is 39.68% up. Looking at the short shares, we see there were 6.3 million shares sold at short interest cover period of 3.41 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3, meaning bulls need an upside of 54.33% from its current market value. According to analyst projections, ADAP’s forecast low is 1 with 3.15 as the target high. To hit the forecast high, the stock’s price needs a -129.93% plunge from its current level, while the stock would need to tank 27.01% for it to hit the projected low.
Adaptimmune Therapeutics Plc ADR (ADAP) estimates and forecasts
Data shows that the Adaptimmune Therapeutics Plc ADR share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 87.67% over the past 6 months, a 3.17% in annual growth rate that is considerably lower than the industry average of 15.80%. Year-over-year growth is forecast to reach -4.40% down from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 38.48M. 9 analysts are of the opinion that Adaptimmune Therapeutics Plc ADR’s revenue for the current quarter will be 8.45M. The company’s revenue for the corresponding quarters a year ago was 5.13M and 7.32M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 650.10%. The estimates for the next quarter sales put growth at 15.50%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 10.30%. The 2024 estimates are for Adaptimmune Therapeutics Plc ADR earnings to decrease by -649.87%, but the outlook for the next 5-year period is at 1.00% per year.
ADAP Dividends
Adaptimmune Therapeutics Plc ADR is expected to release its next quarterly earnings report 2024-Aug-07.
Adaptimmune Therapeutics Plc ADR (NASDAQ:ADAP)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.39% of Adaptimmune Therapeutics Plc ADR shares while 64.40% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 64.65%. There are 64.40% institutions holding the Adaptimmune Therapeutics Plc ADR stock share, with MATRIX CAPITAL MANAGEMENT COMPANY, LP the top institutional holder. As of 2024-03-31, the company held 17.1608% of the shares, roughly 38.97 million ADAP shares worth $61.58 million.
ECOR1 CAPITAL, LLC holds the second largest percentage of outstanding shares, with 12.0663% or 27.4 million shares worth $43.3 million as of 2024-03-31.
Among Mutual Funds, the top two as of Apr 30, 2024 were Old Westbury Small & Mid Cap Strategies Fund and SPDR Portfolio Developed World ex-US ETF . With 1.49 shares estimated at $2.04 million under it, the former controlled 0.96% of total outstanding shares. On the other hand, SPDR Portfolio Developed World ex-US ETF held about 0.16% of the shares, roughly 240.29 shares worth around $0.33 million.
