Adagene Stock Price on February 6, 2023

ADAG Stock  USD 2.80  0.25  9.80%   
If you're considering investing in Adagene Stock, it is important to understand the factors that can impact its price. As of today, the current price of Adagene stands at 2.80, as last reported on the 28th of March, with the highest price reaching 2.85 and the lowest price hitting 2.60 during the day. Adagene appears to be risky, given 3 months investment horizon. Adagene secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of standard deviation over the last 3 months. By analyzing Adagene's technical indicators, you can evaluate if the expected return of 0.91% is justified by implied risk. Please makes use of Adagene's mean deviation of 5.58, and Risk Adjusted Performance of 0.0664 to double-check if our risk estimates are consistent with your expectations.
  
At this time, Adagene's Total Stockholder Equity is most likely to increase significantly in the upcoming years. The Adagene's current Other Stockholder Equity is estimated to increase to about 413.9 M, while Common Stock Total Equity is projected to decrease to 1,805. . At this time, Adagene's Price To Book Ratio is most likely to increase significantly in the upcoming years. The Adagene's current Price Fair Value is estimated to increase to 0.82, while Price To Sales Ratio is projected to decrease to 8.43. Adagene Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1145

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Estimated Market Risk

 7.96
  actual daily
70
70% of assets are less volatile

Expected Return

 0.91
  actual daily
17
83% of assets have higher returns

Risk-Adjusted Return

 0.11
  actual daily
8
92% of assets perform better
Based on monthly moving average Adagene is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Adagene by adding it to a well-diversified portfolio.
Price Book
1.3375
Enterprise Value Ebitda
(0.22)
Price Sales
4.9634
Shares Float
13 M
Wall Street Target Price
11.87

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Adagene Valuation on February 6, 2023

It is possible to determine the worth of Adagene on a given historical date. On February 6, 2023 Adagene was worth 1.82 at the beginning of the trading date compared to the closed value of 1.87. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Adagene stock. Still, in general, we apply an absolute valuation method to find Adagene's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Adagene where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Adagene's related companies.
 Open High Low Close Volume
  1.82    1.93    1.82    1.88    22,332  
02/06/2023
  1.82    1.98    1.82    1.87    18,789  
  2.02    2.02    1.87    1.88    17,332  
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Open Value
1.82
1.87
Closing Value
25.70
Upside

Adagene Trading Date Momentum on February 6, 2023

On February 07 2023 Adagene was traded for  1.88  at the closing time. The top price for the day was 2.02  and the lowest listed price was  1.87 . The trading volume for the day was 17.3 K. The trading history from February 7, 2023 was a factor to the next trading day price rise. The overall trading delta against the next closing price was 0.53% . The overall trading delta against the current closing price is 2.67% .

Adagene Fundamentals Correlations and Trends

By evaluating Adagene's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Adagene's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Adagene financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Adagene Stock history

Adagene investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Adagene is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Adagene will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Adagene stock prices may prove useful in developing a viable investing in Adagene
Last ReportedProjected for 2024
Common Stock Shares Outstanding62.3 M45.1 M
Net Loss-65.9 M-62.6 M

Adagene Quarterly Net Working Capital

93.69 Million

Adagene Stock Technical Analysis

Adagene technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Adagene technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Adagene trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Adagene Period Price Range

Low
February 6, 2023
High

 1.82 

  

 1.87 

0.052.75%

Adagene March 28, 2024 Market Strength

Market strength indicators help investors to evaluate how Adagene stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Adagene shares will generate the highest return on investment. By undertsting and applying Adagene stock market strength indicators, traders can identify Adagene entry and exit signals to maximize returns

Adagene Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Adagene's price direction in advance. Along with the technical and fundamental analysis of Adagene Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Adagene to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
When determining whether Adagene is a strong investment it is important to analyze Adagene's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Adagene's future performance. For an informed investment choice regarding Adagene Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adagene. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
For more detail on how to invest in Adagene Stock please use our How to Invest in Adagene guide.
Note that the Adagene information on this page should be used as a complementary analysis to other Adagene's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

Complementary Tools for Adagene Stock analysis

When running Adagene's price analysis, check to measure Adagene's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Adagene is operating at the current time. Most of Adagene's value examination focuses on studying past and present price action to predict the probability of Adagene's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adagene's price. Additionally, you may evaluate how the addition of Adagene to your portfolios can decrease your overall portfolio volatility.
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Is Adagene's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Adagene. If investors know Adagene will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Adagene listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.86)
Revenue Per Share
0.523
Quarterly Revenue Growth
3.409
Return On Assets
(0.16)
Return On Equity
(0.37)
The market value of Adagene is measured differently than its book value, which is the value of Adagene that is recorded on the company's balance sheet. Investors also form their own opinion of Adagene's value that differs from its market value or its book value, called intrinsic value, which is Adagene's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Adagene's market value can be influenced by many factors that don't directly affect Adagene's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Adagene's value and its price as these two are different measures arrived at by different means. Investors typically determine if Adagene is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Adagene's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.