Adaptimmune Therapeutics Plc ADR (NASDAQ: ADAP) Drops -205.97% From Highs, What Happens Next?

Adaptimmune Therapeutics Plc ADR (NASDAQ:ADAP)’s traded shares stood at 0.39 million during the latest session, with the company’s beta value hitting 2.18. At the last check today, the stock’s price was $0.67, to imply a decrease of -0.87% or $0.0 in intraday trading. The ADAP share’s 52-week high remains $2.05, putting it -205.97% down since that peak but still an impressive 35.82% since price per share fell to its 52-week low of $0.43. The company has a valuation of $171.02M, with an average of 1.59 million shares in intraday trading volume over the past 10 days and average of 1.54 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Adaptimmune Therapeutics Plc ADR (ADAP), translating to a mean rating of 1.89. Of 6 analyst(s) looking at the stock, 1 analyst(s) give ADAP a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.15.

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Adaptimmune Therapeutics Plc ADR (NASDAQ:ADAP) trade information

After registering a -0.87% downside in the latest session, Adaptimmune Therapeutics Plc ADR (ADAP) has traded red over the past five days. The 5-day price performance for the stock is -7.26%, and -19.23% over 30 days. With these gigs, the year-to-date price performance is -15.72%. Short interest in Adaptimmune Therapeutics Plc ADR (NASDAQ:ADAP) saw shorts transact 5.35 million shares and set a 4.71 days time to cover.

The extremes give us $4 and $4 for target low and target high price respectively. As such, ADAP has been trading -497.01% off suggested target high and -497.01% from its likely low.

Adaptimmune Therapeutics Plc ADR (ADAP) estimates and forecasts

Looking at statistics comparing Adaptimmune Therapeutics Plc ADR share performance against respective industry, we note that the company has outperformed competitors. Adaptimmune Therapeutics Plc ADR (ADAP) shares are -34.48% down over the last 6 months, with its year-to-date growth rate higher than industry average at 77.78% against 17.50%. The rating firms project that company’s revenue will grow 204.90% compared to the previous financial year.

Revenue forecast for the current quarter as set by 9 analysts is 8.83M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 6.3M.Earnings reports from the last fiscal year show that sales brought in 231k and 5.68M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 3,721.55% before jumping 10.95% in the following quarter.

ADAP Dividends

Adaptimmune Therapeutics Plc ADR has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Adaptimmune Therapeutics Plc ADR (NASDAQ:ADAP)’s Major holders

Adaptimmune Therapeutics Plc ADR insiders hold 0.38% of total outstanding shares, with institutional holders owning 60.27% of the shares at 60.49% float percentage. In total, 60.27% institutions holds shares in the company, led by MATRIX CAPITAL MANAGEMENT COMPANY, LP. As of 2024-06-30, the company held over 38.97 million shares (or 16.1135% of shares), all amounting to roughly $38.0 million.

The next major institution holding the largest number of shares is ECOR1 CAPITAL, LLC with 27.4 million shares, or about 11.3299% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $26.72 million.

We also have SPDR Portfolio Developed World ex-US ETF and SPDR (R) Idx Shares-SPDR (R) S&P (R) International Small Cap ETF as the top two Mutual Funds with the largest holdings of the Adaptimmune Therapeutics Plc ADR (ADAP) shares. Going by data provided on Sep 30, 2024, SPDR Portfolio Developed World ex-US ETF holds roughly 246.31 shares. This is just over 0.16% of the total shares, with a market valuation of $0.17 million. Data from the same date shows that the other fund manager holds a little less at 148.38, or 0.10% of the shares, all valued at about 99803.0.