Stock Price & Analysis

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$
0.000
0.000(0%)6M

ADPT Stock Price Chart

5D
1M
3M
6M
YTD
1Y
5Y

ADPT Fundamental Analysis

5
buy
Moderate Buy
Buy
Hold
Sell
bubble
High
12.00
bubble
Averages
9.36
bubble
Low
7.00
Analyst
Rating
Action
Price Target
Date
Rating Reason
Piper Sandler
David Westenberg
Buy
Reiterates
$7 → $11
2025-02-20
Scotiabank
Sung Ji Nam
Buy
Maintains
$10 → $12
2025-02-13
Goldman Sachs
Salveen Richter
Hold
Maintains
$5.5 → $7.5
2025-01-28
BTIG
Mark Massaro
Strong Buy
Maintains
$8 → $9
2024-12-18
Life
bubble
Piper Sandler
David Westenberg
Buy
Maintains
$6 → $7
2024-11-11
Piper
bubble

ADPT Earnings Analysis

Adaptive Biotechnologies Corporation Common Stock Corporation (ADPT.O) Q3 2024 Earnings Conference Call

Positive

  • Revenue Surge in MRD: MRD revenue increased 52% year-over-year, driven by both clinical and pharma segments.

  • ClonoSEQ Revenue Growth: ClonoSEQ clinical revenue grew 39% versus prior year, with tests delivering a new record representing 30% growth year-over-year.

  • Operating Spend Decline: Operating spend had a significant decline of 11% versus prior year, contributing to improved margins.

  • Cash Reduction Analysis: Cash ended at approximately $267 million, representing a 38% reduction in the first nine months this year compared to the same period last year.

  • Third Quarter Revenue Growth: Total revenue in the third quarter was $46.4 million with 81% from MRD and 19% from Immune Medicine, representing 22% growth from the same period last year.

Negative

  • Operating Spend Decline: Operating spend had another significant decline of 11% versus prior year and 5% sequentially excluding q time costs.

  • Cash Burden Reduction: Cash ended at approximately $267 million, which represents a burden reduction of 38% in the first nine months this year compared to the same period a year ago.

  • Third Quarter Revenue Growth: Total revenue in the third quarter was $46.4 million with 81% from MRD and 19% from Immune Medicine, representing 22% growth from the same period last year.

  • Adjusted EBITDA Loss Comparison: Total company adjusted EBITDA was a loss of $14.3 million in the third quarter compared to $21.4 million in the third quarter of 2024 and $29.8 million a year ago.

  • Quarterly Net Loss: Net loss for the quarter was $32.1 million.

ADPT News

bubble
9.0
03-11Newsfilter
PinnedAdaptive Biotechnologies Launches Assay Enhancements to Increase clonoSEQ® Sensitivity for Clinical MRD Detection in Diffuse Large B-Cell Lymphoma
bubble
5.0
03-04NASDAQ.COM
Insider Sale: Director at $ADPT Sells 15,664 Shares
bubble
5.0
03-04NASDAQ.COM
Insider Sale: Chief People Officer of $ADPT Sells 13,790 Shares
bubble
5.0
02-22Benzinga
Cathie Wood's Ark Invest Loads Up On Beam Therapeutics, Nu Holdings: Offloads MercadoLibre, Adaptive Biotechnologies
bubble
5.0
02-22NASDAQ.COM
Insider Sale: CEO and Chairman of $ADPT Sells 186,080 Shares

ADPT FAQs

What is surpport and resistant level for ADPT Stock?

The S1 support level for ADPT Stock is $6.65 ,The R1 resistant level for ADPT Stock is $8.7.

What is the current price of ADPT Stock?

What is the target price of ADPT Stock?

What is the market cap of Adaptive Biotechnologies Corp?

What is Adaptive Biotechnologies Corp (ADPT)'s business?

How many employees does ADPT have?

ADPT Key Stats

High
7.500
Vol
2.57M
Low
6.255
Amount
17.95M
Open
6.710
VWAP
6.99
Mkt Cap
1.11B

ADPT Company Profile

Adaptive Biotechnologies Corporation is a commercial-stage biotechnology company. The Company is focused on harnessing the inherent biology of the adaptive immune system to transform the diagnosis and treatment of disease. Its immune medicine platform applies its proprietary technologies to read the diverse genetic code of a patient’s immune system and understand precisely how the immune system detects and treats disease in that patient. It has business around two main areas: clinical assessment of minimal residual disease (MRD) in lymphoid malignancies and immune medicine (IM)-driven drug discovery and development. The MRD business focuses on the use of its highly sensitive, next-generation sequencing (NGS) assay to measure MRD in patients with hematologic malignancies. It comprises its clonoSEQ clinical diagnostic test, offered to clinicians, and its clonoSEQ assay, offered to biopharmaceutical partners, to advance drug development efforts (MRD Pharma).