The price of Adma Biologics Inc (NASDAQ:ADMA) shares last traded on Wall Street rose 27.13% to $8.81.
ADMA stock price is now 39.74% away from the 50-day moving average and 87.99% away from the 200-day moving average. The market capitalization of the company currently stands at $2.04B.
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On October 13, 2022, Mizuho recently initiated its ‘Buy’ rating on the stock quoting a target price of $5, while ‘Raymond James’ rates the stock as ‘Strong Buy’
In other news, ELMS STEVE, Director sold 411,829 shares of the company’s stock on Mar 19 ’24. The stock was sold for $2,503,920 at an average price of $6.08. Upon completion of the transaction, the Director now directly owns 2,115,671 shares in the company, valued at $18.64 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 18 ’24, Director ELMS STEVE sold 49,887 shares of the business’s stock. A total of $299,821 was realized by selling the stock at an average price of $6.01. This leaves the insider owning 2,527,500 shares of the company worth $22.27 million. A total of 3.82% of the company’s stock is owned by insiders.
During the past 12 months, Adma Biologics Inc has had a low of $3.06 and a high of $6.97. As of last week, the company has a debt-to-equity ratio of 0.92, a current ratio of 5.21, and a quick ratio of 1.86.
According to the Biotechnology Company, earnings per share came in at -0.03, beating analysts’ expectations of -0.04 by 0.01. This compares to -$0.03 EPS in the same period last year. The net profit margin was -1.29% and return on equity was -2.43% for ADMA. The company reported revenue of $81.88 million for the quarter, compared to $56.91 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 43.86 percent. For the current quarter, analysts expect ADMA to generate $81.88M in revenue.
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