In yesterday’s Wall Street session, ADMA Biologics Inc. (NASDAQ:ADMA) shares traded at $4.44, down -2.20% from the previous session.
4 analysts cover ADMA Biologics Inc. (NASDAQ:ADMA), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $7.00 and a low of $5.00, we find $6.00. Given the previous closing price of $4.54, this indicates a potential upside of 32.16 percent. ADMA stock price is now 13.97% away from the 50-day moving average and 24.76% away from the 200-day moving average. The market capitalization of the company currently stands at $949.45M.
The stock has received a hold rating from 0 analysts and a buy rating from 4. Brokers who have rated the stock have averaged $6.00 as their price target over the next twelve months.
In other news, Grossman Adam S, President and CEO bought 14,983 shares of the company’s stock on Dec 09. The stock was bought for $42,851 at an average price of $2.86. Upon completion of the transaction, the President and CEO now directly owns 2,203,708 shares in the company, valued at $9.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 09, President and CEO Grossman Adam S bought 14,982 shares of the business’s stock. A total of $42,849 was incurred on buying the stock at an average price of $2.86. This leaves the insider owning 1,143,426 shares of the company worth $5.08 million. Insiders disposed of 605,718 shares of company stock worth roughly $2.69 million over the past 1 year. A total of 1.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ADMA stock. A new stake in ADMA Biologics Inc. shares was purchased by DRIEHAUS CAPITAL MANAGEMENT LLC during the first quarter worth $15,231,000. NORGES BANK invested $7,962,000 in shares of ADMA during the first quarter. In the first quarter, TANG CAPITAL MANAGEMENT LLC acquired a new stake in ADMA Biologics Inc. valued at approximately $5,594,000. EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in ADMA for approximately $1,446,000. HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND purchased a new stake in ADMA valued at around $946,000 in the second quarter. In total, there are 235 active investors with 67.30% ownership of the company’s stock.
During the past 12 months, ADMA Biologics Inc. has had a low of $2.24 and a high of $4.65. As of last week, the company has a debt-to-equity ratio of 0.99, a current ratio of 7.20, and a quick ratio of 2.70. The fifty day moving average price for ADMA is $3.9040 and a two-hundred day moving average price translates $3.5673 for the stock.
The latest earnings results from ADMA Biologics Inc. (NASDAQ: ADMA) was released for Jun, 2023. According to the Biotechnology Company, earnings per share came in at -$0.03, missing analysts’ expectations of -$0.02 by -0.01. This compares to -$0.07 EPS in the same period last year. The net profit margin was -36.20% and return on equity was -51.40% for ADMA. The company reported revenue of $60.12 million for the quarter, compared to $33.91 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 77.33 percent. For the current quarter, analysts expect ADMA to generate $62.12M in revenue.
ADMA Biologics Inc.(ADMA) Company Profile
ADMA Biologics, Inc., a biopharmaceutical company, engages in developing, manufacturing, and marketing specialty plasma-derived biologics for the treatment of immune deficiencies and infectious diseases in the United States and internationally. It offers BIVIGAM, an intravenous immune globulin (IVIG) product indicated for the treatment of primary humoral immunodeficiency (PI); ASCENIV, an IVIG product for the treatment of PI; and Nabi-HB for the treatment of acute exposure to blood containing Hepatitis B surface antigen and other listed exposures to Hepatitis B. The company also develops a pipeline of plasma-derived therapeutics, including products related to the methods of treatment and prevention of S. pneumonia infection for an immunoglobulin. In addition, it operates source plasma collection facilities. The company sells its products through independent distributors, drug wholesalers, specialty pharmacies, and other alternate site providers. ADMA Biologics, Inc. was incorporated in 2004 and is headquartered in Ramsey, New Jersey.
