While Adaptive Biotechnologies Corp has underperformed by -7.69%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ADPT fell by -65.84%, with highs and lows ranging from $9.08 to $2.61, whereas the simple moving average fell by -45.26% in the last 200 days.
On July 05, 2023, JP Morgan started tracking Adaptive Biotechnologies Corp (NASDAQ: ADPT) recommending Overweight. A report published by Scotiabank on January 05, 2023, Initiated its previous ‘Sector Outperform’ rating for ADPT. Piper Sandler also Upgraded ADPT shares as ‘Overweight’, setting a target price of $14 on the company’s shares in a report dated December 21, 2022. Credit Suisse Initiated an Underperform rating on August 25, 2022, and assigned a price target of $8. Piper Sandler initiated its ‘Neutral’ rating for ADPT, as published in its report on June 03, 2022. JP Morgan’s report from February 16, 2022 suggests a price prediction of $50 for ADPT shares, giving the stock a ‘Overweight’ rating. Goldman also rated the stock as ‘Neutral’.
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Analysis of Adaptive Biotechnologies Corp (ADPT)
Further, the quarter-over-quarter decrease in sales is -17.05%, showing a negative trend in the upcoming months.
One of the most important indicators of Adaptive Biotechnologies Corp’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -58.31% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 4.50, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and ADPT is recording 1.43M average volume. On a monthly basis, the volatility of the stock is set at 7.40%, whereas on a weekly basis, it is put at 7.79%, with a loss of -11.93% over the past seven days. Furthermore, long-term investors anticipate a median target price of $6.83, showing growth from the present price of $2.88, which can serve as yet another indication of whether ADPT is worth investing in or should be passed over.
How Do You Analyze Adaptive Biotechnologies Corp Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 4.54%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 95.41% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ADPT shares are owned by institutional investors to the tune of 95.41% at present.
