Momentum Is Strong For Adc Therapeutics SA (NYSE: ADCT)

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.

Stocks Info

This NYSE-listed company operates within the Biotechnology industry segment, falling under the Healthcare sector. The current market capitalization of Adc Therapeutics SA is $218.52M. A total of 0.31 million shares were traded on the day, compared to an average of 382.66K shares.

In the most recent transaction, Redmile Group, LLC bought 400,000 shares of ADCT for 2.81 per share on Jul 01 ’24. After the transaction, the 10% Owner now owns 15,669,217 company shares. In a previous transaction on Jul 01 ’24, Redmile Group, LLC bought 400,000 shares at 2.81 per share. ADCT shares that 10% Owner owns now total 12,995,040.

Among the insiders who sold shares, Azelby Robert disposed of 6,995 shares on Jun 17 ’24 at a per-share price of $2.89. This resulted in the Director holding 53,005 shares of ADCT after the transaction. In another insider transaction, BIZZARI JEAN-PIERRE sold 6,995 shares at $2.89 per share on Jun 17 ’24. Company shares held by the Director now total 79,502.

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, ADCT has a high of $6.04 and a low of $0.69.

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. ADCT’s latest balance sheet shows that the firm has $466.54M in Cash & Short Term Investments as of fiscal 2021. There were $139.70M in debt and $73.94M in liabilities at the time. Its Book Value Per Share was -$1.78, while its Total Shareholder’s Equity was $166.09M.

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 ADCT is Buy with a score of 4.57.

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