With 1.76 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.33 million shares. The 52-week range on ADPT shows that it touched its highest point at $10.28 and its lowest point at $2.99 during that stretch. It currently has a 1-year price target of $11.14. Beta for the stock currently stands at 1.79.
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 up-trending over the past week, with a rise of 7.69%, but this was up by 29.35% over a month. Three-month performance surged to 15.25% while six-month performance rose 70.61%. The stock gained 160.82% in the past year, while it has gained 58.80% so far this year. A look at the trailing 12-month EPS for ADPT yields -0.96 with Next year EPS estimates of -0.65. For the next quarter, that number is -0.24. This implies an EPS growth rate of 22.63% for this year and 22.80% for next year. EPS is expected to grow by 29.40% 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, 151.92 million ADPT shares are outstanding with a float of 144.91 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 -$0.2 and the low estimate is -$0.22. The average estimate for the next quarter is thus -$0.21.
