Notable Runner: What’s Ahead for Adaptimmune Therapeutics PLC – ADR After Reaching All-Time Low?

Notable Runner: What's Ahead for Adaptimmune Therapeutics PLC   ADR After Reaching All Time Low?

The stock of Adaptimmune Therapeutics PLC – ADR (NASDAQ:ADAP) reached all time low today, Oct, 17 and still has $4.64 target or 13.00% below today’s $5.33 share price. This indicates more downside for the $356.18 million company. This technical setup was reported by Barchart.com. If the $4.64 PT is reached, the company will be worth $46.30M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 154,995 shares traded hands. Adaptimmune Therapeutics PLC – ADR (NASDAQ:ADAP) has declined 31.49% since March 14, 2016 and is downtrending. It has underperformed by 37.10% the S&P500.

Analysts await Adaptimmune Therapeutics PLC – ADR (NASDAQ:ADAP) to report earnings on November, 11. They expect $-0.23 earnings per share, down 1,050.00% or $0.21 from last year’s $-0.02 per share. After $-0.31 actual earnings per share reported by Adaptimmune Therapeutics PLC – ADR for the previous quarter, Wall Street now forecasts -25.81% EPS growth.

According to Zacks Investment Research, “Adaptimmune Therapeutics plc is a biopharmaceutical company. The Company is focused on cancer immunotherapy products based on T-cell receptor platform. Adaptimmune Therapeutics plc is based in Abingdon, United Kingdom.”

More recent Adaptimmune Therapeutics PLC – ADR (NASDAQ:ADAP) news were published by: Marketwatch.com which released: “Adaptimmune Therapeutics PLC ADR” on April 14, 2015. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on November 29, 2014. Benzinga.com‘s news article titled: “Stocks Hitting 52-Week Lows” with publication date: October 12, 2016 was also an interesting one.

ADAP Company Profile

Adaptimmune Therapeutics plc, incorporated on December 03, 2014, is a clinical-stage biopharmaceutical company. The Firm is focused on cancer immunotherapy products based on its T-cell receptor (TCR) platform. The Firm has developed a platform that enables it to identify cancer targets in the form of peptides, which are short sequences of amino acids, find and genetically engineer TCRs, and produce TCR therapeutic candidates for administration to patients. The Firm develops TCRs to increase the affinity to cancer specific peptides in order to destroy cancer cells in patients.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: ,

Leave a Comment