In the latest trading session,, 0.6 million Adagene Inc ADR (NASDAQ:ADAG) shares changed hands as the company’s beta touched 0.74. With the company’s most recent per share price at $1.9 changed hands at -$0.05 or -2.56% at last look, the market valuation stands at $89.51M. ADAG’s current price is a discount, trading about -88.42% off its 52-week high of $3.58. The share price had its 52-week low at $1.33, which suggests the last value was 30.0% up since then. When we look at Adagene Inc ADR’s average trading volume, we note the 10-day average is 6870.0 shares, with the 3-month average coming to 35.28K.
Analysts gave the Adagene Inc ADR (ADAG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.33. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ADAG as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight.
Adagene Inc ADR (NASDAQ:ADAG) trade information
Instantly ADAG was in red as seen in intraday trades today. With action -2.56%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -38.41%, with the 5-day performance at -2.56% in the red. However, in the 30-day time frame, Adagene Inc ADR (NASDAQ:ADAG) is -2.06% down. Looking at the short shares, we see there were 88403.0 shares sold at short interest cover period of 1.29 days.
The consensus price target for the stock as assigned by Wall Street analysts is 5, meaning bulls need an upside of 62.0% from its recent market value. According to analyst projections, ADAG’s forecast low is 5 with 5 as the target high. To hit the forecast high, the stock’s price needs a -163.16% plunge from its current level, while the stock would need to soar -163.16% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -14.47%. The 2025 estimates are for Adagene Inc ADR earnings to decrease by -19.21%, but the outlook for the next 5-year period is at -18.43% per year.
ADAG Dividends
Adagene Inc ADR is expected to release its next quarterly earnings report on 2025-Mar-22.
Adagene Inc ADR (NASDAQ:ADAG)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.70% of Adagene Inc ADR shares while 34.89% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 36.62%. There are 34.89% institutions holding the Adagene Inc ADR stock share, with WUXI APPTEC CO., LTD. the top institutional holder. As of 2024-06-30, the company held 9.0955% of the shares, roughly 3.98 million ADAG shares worth $12.19 million.
FIL LTD holds the second largest percentage of outstanding shares, with 8.7381% or 3.83 million shares worth $11.71 million as of 2024-06-30.
