Can Adaptive Biotechnologies Corporation’s (ADPT) drop of -11.08% in a week be considered a lucky break?

On January 24, 2023, Adaptive Biotechnologies Corporation (NASDAQ: ADPT) opened at $9.29, lower -4.36% from the last session. During the day, the shares moved up to $9.445 and dropped to $8.915 before settling in for the closing price of $9.40. Price fluctuations for ADPT have ranged from $5.95 to $18.02 over the past 52 weeks.

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Company’s average yearly earnings per share was noted -32.50% at the time writing. With a float of $140.66 million, this company’s outstanding shares have now reached $142.93 million.

In an organization with 858 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +59.02, operating margin of -135.39, and the pretax margin is -134.31.

Adaptive Biotechnologies Corporation (ADPT) Insider and Institutional Ownership

A key investor’s attitude towards the stock of the Biotechnology industry is another important factor to consider. The insider ownership of Adaptive Biotechnologies Corporation is 0.20%, while institutional ownership is 89.30%. The most recent insider transaction that took place on Jan 10, was worth 18,275. In this transaction Chief Operating Officer of this company sold 2,130 shares at a rate of $8.58, taking the stock ownership to the 113,518 shares. Before that another transaction happened on Jan 09, when Company’s Chief Operating Officer sold 995 for $8.50, making the entire transaction worth $8,458. This insider now owns 115,648 shares in total.

Adaptive Biotechnologies Corporation (ADPT) Latest Financial update

If we go through the results of last quarter, which was made public on 6/29/2022, the company posted -$0.37 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -$0.43) by $0.06. This company achieved a net margin of -134.30 while generating a return on equity of -30.77. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.38 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -32.50% per share during the next fiscal year.

Adaptive Biotechnologies Corporation (NASDAQ: ADPT) Trading Performance Indicators

Check out the current performance indicators for Adaptive Biotechnologies Corporation (ADPT). In the past quarter, the stock posted a quick ratio of 5.30. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.51.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.56, a number that is poised to hit -0.35 in the next quarter and is forecasted to reach -1.31 in one year’s time.

Technical Analysis of Adaptive Biotechnologies Corporation (ADPT)

Let’s dig in a bit further. During the last 5-days, its volume was 1.01 million. That was inferior than the volume of 1.04 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 27.04%. Additionally, its Average True Range was 0.62.

During the past 100 days, Adaptive Biotechnologies Corporation’s (ADPT) raw stochastic average was set at 62.03%, which indicates a significant increase from 45.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 58.31% in the past 14 days, which was lower than the 96.24% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $8.44, while its 200-day Moving Average is $8.59. However, in the short run, Adaptive Biotechnologies Corporation’s stock first resistance to watch stands at $9.32. Second resistance stands at $9.65. The third major resistance level sits at $9.85. If the price goes on to break the first support level at $8.79, it is likely to go to the next support level at $8.59. The third support level lies at $8.26 if the price breaches the second support level.

Adaptive Biotechnologies Corporation (NASDAQ: ADPT) Key Stats

There are currently 143,012K shares outstanding in the company with a market cap of 1.26 billion. Presently, the company’s annual sales total 154,340 K according to its annual income of -207,280 K. Last quarter, the company’s sales amounted to 47,830 K and its income totaled -45,280 K.


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