Adaptive Biotechnologies Corp (ADPT): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NASDAQ-listed company operates within the Biotechnology industry segment, falling under the Healthcare sector. The current market capitalization of Adaptive Biotechnologies Corp is $712.28M. A total of 1.39 million shares were traded on the day, compared to an average of 1.48M shares.

In the most recent transaction, PISKEL KYLE sold 7,727 shares of ADPT for 3.43 per share on Mar 05 ’24. After the transaction, the Principal Accounting Officer now owns 123,318 company shares. In a previous transaction on Mar 05 ’24, Taylor Stacy L sold 13,381 shares at 3.43 per share. ADPT shares that SVP and General Counsel owns now total 166,287.

Among the insiders who sold shares, LO FRANCIS disposed of 14,700 shares on Mar 05 ’24 at a per-share price of $3.43. This resulted in the Chief People Officer holding 253,745 shares of ADPT after the transaction. In another insider transaction, BENZENO SHARON sold 29,390 shares at $3.44 per share on Mar 05 ’24. Company shares held by the Chief Commercial Ofc Imm Med now total 327,415.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, ADPT has a high of $6.96 and a low of $2.28.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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 $1.64, 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 4.50.

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