Today’s Stock Alert: What’s Ahead for Adaptimmune Therapeutics PLC – ADR After Achieving All-Time Low?

Today's Stock Alert: What's Ahead for Adaptimmune Therapeutics PLC   ADR After Achieving All Time Low?

The stock of Adaptimmune Therapeutics PLC – ADR (NASDAQ:ADAP) reached all time low today, Nov, 3 and still has $3.52 target or 10.00% below today’s $3.91 share price. This indicates more downside for the $264.68M company. This technical setup was reported by Barchart.com. If the $3.52 PT is reached, the company will be worth $26.47M 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 215,335 shares traded hands. Adaptimmune Therapeutics PLC – ADR (NASDAQ:ADAP) has declined 49.88% since April 1, 2016 and is downtrending. It has underperformed by 51.09% 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.

Adaptimmune Therapeutics PLC – ADR (NASDAQ:ADAP) Ratings Coverage

Out of 2 analysts covering Adaptimmune Therapeutics PLC (NASDAQ:ADAP), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. Adaptimmune Therapeutics PLC has been the topic of 2 analyst reports since February 25, 2016 according to StockzIntelligence Inc. As per Thursday, February 25, the company rating was initiated by Citigroup. The stock of Adaptimmune Therapeutics PLC – ADR (NASDAQ:ADAP) earned “Underperform” rating by Bank of America on Monday, October 24.

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 news for Adaptimmune Therapeutics PLC – ADR (NASDAQ:ADAP) were recently published by: Marketwatch.com, which released: “Adaptimmune Therapeutics PLC ADR” on April 14, 2015. Quotes.Wsj.com‘s article titled: “DOW JONES, A NEWS CORP COMPANY” and published on November 29, 2014 is yet another important article.

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.

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