During the last session, Adaptive Biotechnologies Corp (NASDAQ:ADPT)’s traded shares were 0.9 million, with the beta value of the company hitting 1.52. At the end of the trading day, the stock’s price was $7.99, reflecting an intraday loss of -1.72% or -$0.14. The 52-week high for the ADPT share is $8.33, that puts it down -4.26 from that peak though still a striking 71.46% gain since the share price plummeted to a 52-week low of $2.28. The company’s market capitalization is $1.18B, and the average intraday trading volume over the past 10 days was 1.82 million shares, and the average trade volume was 1.37 million shares over the past three months.
Adaptive Biotechnologies Corp (ADPT) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 1.50. ADPT has a Sell rating from 1 analyst(s) out of 11 analysts who have looked at this stock. 6 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.24.
Adaptive Biotechnologies Corp (NASDAQ:ADPT) trade information
Adaptive Biotechnologies Corp (ADPT) registered a -1.72% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.72% in intraday trading to $7.99, hitting a weekly high. The stock’s 5-day price performance is 15.46%, and it has moved by 25.04% in 30 days. Based on these gigs, the overall price performance for the year is 82.84%. The short interest in Adaptive Biotechnologies Corp (NASDAQ:ADPT) is 9.19 million shares and it means that shorts have 8.44 day(s) to cover.
The consensus price target of analysts on Wall Street is $14, which implies an increase of 42.93% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5 and $18 respectively. As a result, ADPT is trading at a discount of -125.28% off the target high and 37.42% off the low.
Adaptive Biotechnologies Corp (ADPT) estimates and forecasts
Statistics show that Adaptive Biotechnologies Corp has outperformed its competitors in share price, compared to the industry in which it operates. Adaptive Biotechnologies Corp (ADPT) shares have gone up 91.61% during the last six months, with a year-to-date growth rate more than the industry average at 18.84% against 16.50. In the rating firms’ projections, revenue will increase 4.34% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 46.15M as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 46.49M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 45.78M and 41.87M respectively. In this case, analysts expect current quarter sales to grow by 0.80% and then jump by 11.03% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -32.91%. While earnings are projected to return 28.53% in 2025, the next five years will return 24.30% per annum.
ADPT Dividends
Adaptive Biotechnologies Corp is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Adaptive Biotechnologies Corp (NASDAQ:ADPT)’s Major holders
Adaptive Biotechnologies Corp insiders own 1.93% of total outstanding shares while institutional holders control 93.89%, with the float percentage being 95.73%. VIKING GLOBAL INVESTORS LP is the largest shareholder of the company, while 251.0 institutions own stock in it. As of 2024-06-30, the company held over 29.99 million shares (or 20.5736% of all shares), a total value of $108.58 million in shares.
The next largest institutional holding, with 14.0 million shares, is of RUBRIC CAPITAL MANAGEMENT LP’s that is approximately 9.603% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $50.68 million.
Also, the Mutual Funds coming in first place with the largest holdings of Adaptive Biotechnologies Corp (ADPT) shares are ARK ETF Tr-ARK Genomic Revolution ETF and Vanguard Total Stock Market Index Fund . Data provided on Nov 30, 2024 indicates that ARK ETF Tr-ARK Genomic Revolution ETF owns about 10.72 shares. This amounts to just over 7.26 percent of the company’s overall shares, with a $85.66 million market value. The same data shows that the other fund manager holds slightly less at 4.19, or about 2.84% of the stock, which is worth about $33.49 million.
