Adagene Stock Price on February 2, 2023

ADAG Stock  USD 2.20  0.33  13.04%   
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 2.20, as last reported on the 11th of December 2024, with the highest price reaching 2.48 and the lowest price hitting 2.20 during the day. Adagene secures Sharpe Ratio (or Efficiency) of -0.0097, which signifies that the company had a -0.0097% return per unit of standard deviation over the last 3 months. Adagene exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Adagene's risk adjusted performance of 0.0107, and Mean Deviation of 4.59 to double-check the risk estimate we provide.
  
At this time, Adagene's Liabilities And Stockholders Equity is most likely to increase significantly in the upcoming years. The Adagene's current Other Stockholder Equity is estimated to increase to about 367.6 M, while Capital Stock is projected to decrease to 3,959. . At this time, Adagene's Price Fair Value is most likely to increase significantly in the upcoming years. Adagene Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0097

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Estimated Market Risk

 6.77
  actual daily
60
60% of assets are less volatile

Expected Return

 -0.07
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.01
  actual daily
0
Most of other assets perform better
Based on monthly moving average Adagene is not performing at its full potential. However, 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 Adagene to a well-diversified portfolio.
Price Book
1.6116
Enterprise Value Ebitda
1.1206
Price Sales
109.6261
Shares Float
19.1 M
Wall Street Target Price
10.54

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Adagene Valuation on February 2, 2023

It is possible to determine the worth of Adagene on a given historical date. On February 2, 2023 Adagene was worth 2.0 at the beginning of the trading date compared to the closed value of 1.84. 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
  1.90    1.94    1.88    1.89    10,201  
02/02/2023
  2.00    2.00    1.83    1.84    47,574  
  1.82    1.93    1.82    1.88    22,332  
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Open Value
2.0
1.84
Closing Value
22.30
Upside

Adagene Trading Date Momentum on February 2, 2023

On February 03 2023 Adagene was traded for  1.88  at the closing time. The top price for the day was 1.93  and the lowest listed price was  1.82 . The trading volume for the day was 22.3 K. The trading history from February 3, 2023 was a factor to the next trading day price rise. The overall trading delta against the next closing price was 2.17% . The overall trading delta against the current closing price is 2.72% .

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 Next Year
Common Stock Shares Outstanding43.8 M44.1 M
Net Loss-65.9 M-62.6 M

Adagene Quarterly Net Working Capital

81.99 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
December 11, 2024
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High

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Adagene cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Adagene December 11, 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.

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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