Adaptimmune Therapeutics PLC (ADAP) Expected to Post Quarterly Sales of $3.14 Million
Analysts expect that Adaptimmune Therapeutics PLC (NASDAQ:ADAP) will post sales of $3.14 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Adaptimmune Therapeutics PLC’s earnings, with the lowest sales estimate coming in at $2.92 million and the highest estimate coming in at $3.50 million. Adaptimmune Therapeutics PLC posted sales of $2.42 million in the same quarter last year, which suggests a positive year-over-year growth rate of 29.8%. The business is scheduled to report its next earnings report on Thursday, November 9th.
On average, analysts expect that Adaptimmune Therapeutics PLC will report full year sales of $3.14 million for the current year, with estimates ranging from $12.21 million to $15.00 million. For the next financial year, analysts forecast that the firm will post sales of $17.42 million per share, with estimates ranging from $11.67 million to $30.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Adaptimmune Therapeutics PLC.
Adaptimmune Therapeutics PLC (NASDAQ:ADAP) last issued its earnings results on Thursday, August 3rd. The biotechnology company reported ($0.24) earnings per share for the quarter, hitting the consensus estimate of ($0.24). Adaptimmune Therapeutics PLC had a negative return on equity of 38.73% and a negative net margin of 438.00%. The business had revenue of $3.52 million for the quarter, compared to analyst estimates of $5.43 million.
Several analysts recently commented on the stock. BidaskClub upgraded shares of Adaptimmune Therapeutics PLC from a “strong sell” rating to a “sell” rating in a report on Saturday, July 8th. Cowen and Company reaffirmed a “buy” rating on shares of Adaptimmune Therapeutics PLC in a research report on Tuesday, June 6th. Zacks Investment Research lowered shares of Adaptimmune Therapeutics PLC from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. ValuEngine upgraded shares of Adaptimmune Therapeutics PLC from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 20th. Finally, Leerink Swann reiterated an “outperform” rating and issued a $15.00 target price on shares of Adaptimmune Therapeutics PLC in a research report on Friday, September 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $10.13.
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Hedge funds have recently modified their holdings of the business. AXA acquired a new position in Adaptimmune Therapeutics PLC in the 1st quarter worth about $4,959,000. Alps Advisors Inc. raised its stake in shares of Adaptimmune Therapeutics PLC by 4.9% during the 2nd quarter. Alps Advisors Inc. now owns 63,892 shares of the biotechnology company’s stock worth $287,000 after purchasing an additional 2,996 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Adaptimmune Therapeutics PLC during the 1st quarter worth about $2,883,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Adaptimmune Therapeutics PLC during the 1st quarter valued at about $120,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Adaptimmune Therapeutics PLC by 75.4% during the 1st quarter. Renaissance Technologies LLC now owns 780,800 shares of the biotechnology company’s stock valued at $4,302,000 after buying an additional 335,700 shares during the last quarter. 68.01% of the stock is currently owned by institutional investors.
Adaptimmune Therapeutics PLC (ADAP) traded up 6.35% during midday trading on Friday, reaching $8.71. The company’s stock had a trading volume of 476,125 shares. The firm’s market capitalization is $616.62 million. Adaptimmune Therapeutics PLC has a 12 month low of $3.76 and a 12 month high of $9.29. The stock’s 50-day moving average price is $8.44 and its 200-day moving average price is $8.44.
About Adaptimmune Therapeutics PLC
Adaptimmune Therapeutics plc is a clinical-stage biopharmaceutical company. The Company is focused on cancer immunotherapy products based on its Specific Peptide Enhanced Affinity Receptor (SPEAR) T-cell platform. The Company has developed a platform that enables it to identify cancer targets, find and genetically engineer TCR, and produce TCR therapeutic candidates for administration to patients.
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