With 1.43 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.46 million shares. The 52-week range on ADPT shows that it touched its highest point at $8.95 and its lowest point at $2.28 during that stretch. It currently has a 1-year price target of $9.57. Beta for the stock currently stands at 1.55.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ADPT was down-trending over the past week, with a drop of -2.93%, but this was up by 3.25% over a month. Three-month performance surged to 76.71% while six-month performance rose 80.17%. The stock gained 114.81% in the past year, while it has gained 37.95% so far this year. A look at the trailing 12-month EPS for ADPT yields -1.08 with Next year EPS estimates of -0.71. For the next quarter, that number is -0.29. This implies an EPS growth rate of 13.78% for this year and 24.24% for next year. EPS is expected to grow by 26.66% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -1.51%.
Float and Shares Shorts:
At present, 147.77 million ADPT shares are outstanding with a float of 142.73 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ADPT since 11 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 6 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$1.10504 being high and -$1.12496 being low. For ADPT, this leads to a yearly average estimate of -$1.115. Based on analyst estimates, the high estimate for the next quarter is -$0.24 and the low estimate is -$0.25. The average estimate for the next quarter is thus -$0.25.
