Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Adaptive Biotechnologies Corp’s current trading price is -68.83% away from its 52-week high, while its distance from the 52-week low is 10.55%. The stock’s price range during this period has varied between $2.56 and $9.08. The company, active in the Healthcare sector, saw a trading volume of around 1.49 million for the day, considerably lower average daily volume of 1.5 million observed over the last three months.
Adaptive Biotechnologies Corp had a pretty Dodgy run when it comes to the market performance. Over the past year, the company’s stock reached a high of $9.08 on 06/14/23, while the lowest price during the same period was $2.56 on 04/05/24.
How Financial Performance Impacts Market Capitalization
Adaptive Biotechnologies Corp (ADPT) has experienced a quarterly decline of -38.21% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 410.60M and boasts a workforce of 709 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 4.05, with a change in price of -0.68. Similarly, Adaptive Biotechnologies Corp recorded 1,486,685 in trading volume during the last 100 days, posting a change of -19.37%.
How ADPT’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for ADPT stands at 0.74. Similarly, the long-term debt-to-equity ratio is also 0.71.
ADPT Stock Stochastic Average
As of today, the raw stochastic average of Adaptive Biotechnologies Corp over the last 50 days is at 15.13%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 19.42%. Further, the company’s Stochastic %K and %D values for the last 20 days were 8.76% and 6.76%, respectively.
ADPT Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price decrease of -42.24%. However, over the past six months, we’ve seen a stronger performance of -40.30%. The price of ADPT leaped by -17.97% over the last 30 days. And in the last five days, it has fallen by -9.00%.
