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Friday, September 29, 2023

Searching For Real Value In Market Debris At Adaptive Biotechnologies Corporation (NASDAQ: ADPT)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Adaptive Biotechnologies Corporation (ADPT) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $6.56. The Adaptive Biotechnologies Corporation has recorded 20,117 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Adaptive Announces Launch of Epic Integration for clonoSEQ®.

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Stocks Info

As a NASDAQ listed company, ADPT falls under the Healthcare sector while operating within the Biotechnology industry segment. At the end of the last regular session, the stock closed at $6.56 and fluctuated between $6.86 as its day high and $6.54 as its day low. The current market capitalization of Adaptive Biotechnologies Corporation is $996.33M. A total of 0.85 million shares were traded on the day, compared to an average of 1.15M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, ADPT has seen 2 BUY and 6 SELL insider trades, representing the acquisition of 149,289 and the disposition of 221,163 shares. Over the last 12 months, there were 20 BUYs and 27 SELLs from insiders. Insiders purchased 1,835,855 shares during that period but sold 406,050.

In the most recent transaction, SOOD NITIN sold 10,550 shares of ADPT for 6.54 per share on Aug 08. After the transaction, the Chief Commercial Officer, MRD now owns 214,808 company shares. In a previous transaction on Aug 07, SOOD NITIN sold 5,652 shares at 6.78 per share. ADPT shares that Chief Commercial Officer, MRD owns now total 225,358.

Among the insiders who sold shares, PETERSON TYCHO disposed of 134,961 shares on Jun 20 at a per-share price of $8.14. This resulted in the Chief Financial Officer holding 399,219 shares of ADPT after the transaction. In another insider transaction, PETERSON TYCHO sold 70,000 shares at $8.53 per share on Jun 15. Company shares held by the Chief Financial Officer now total 399,219.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for ADPT in the last 3 months, the mean price target is $11.88 with high estimates of $15.00 and low estimates of $7.00. In terms of 52-week highs and lows, ADPT has a high of $10.79 and a low of $5.96.

As of this writing, ADPT has an earnings estimate of -$0.33 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of -$0.23 per share and a lower estimate of -$0.37. The company reported an EPS of -$0.4 in the last quarter, which was -5.30% lower than expectations of -$0.38.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. ADPT’s latest balance sheet shows that the firm has $353.06M in Cash & Short Term Investments as of fiscal 2021. There were $111.74M in debt and $113.81M in liabilities at the time. Its Book Value Per Share was $2.74, while its Total Shareholder’s Equity was $604.10M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ADPT is Buy with a score of 4.71.

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