Adagene Inc ADR (ADAG) saw an uptrend of 3.83% in the recent trading with $1.9 being its most recent. The current price level -46.94% lower than the highest price of $3.58 marked by the stock while trading over the past 52-weeks, whereas it is 43.40% higher than the lowest price of $1.33 the company dropped to over past 52-weeks. The latest news story on ADAG appeared in (GlobeNewswire) under the title “Adagene Announces Regulatory Update on Clinical Development Plan for Muzastotug in Microsatellite Stable Colorectal Cancer Following Productive Type B (End of Phase 1) Meeting with FDA” on Today.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Hold by 1 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 3.00 for the stock.
Adagene Inc ADR Earnings – What Happened With ADAG
Coming around sales and income figures on ADAG Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
Adagene Inc ADR – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 47.11 million. ADAG does have institutional investors; and they hold 2.22% of the stock.
As on 2024-06-30, WUXI APPTEC CO., LTD. was the top most holder in Adagene Inc ADR (NASDAQ:ADAG) with an ownership of 3.98 million shares of the company or 9.0955 of the stake worth $12.19 million. The filing also reveals FIL LTD as the second largest holder in the company with a control over 8.7381 of the outstanding shares. Its stake is worth $11.71 million for having 3.83 million shares in hand.
SC CHINA HOLDING LTD also came holding a key position in the company during the recent quarter and it now holds 3.0677 of the outstanding shares. With this there are now 17.0 institutions which have possession in ADAG’s shares.
Key Metrics forADAG
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Adagene Inc ADR has a debt to equity ratio of 0.37.
Technical Analysis of Adagene Inc ADR (NASDAQ:ADAG) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Adagene Inc ADR (ADAG), we notice that the stock’s 20-day average volume is at 95,390 shares. Medium term indicators at an average of 50% are spotting the stock at Buy with its 50-day average volume of 72,658 shares. And to end with, ADAG’s 100-day average volume are 50,740 shares.
