Adagene Inc wrapped up its $139.73 million initial public offering, selling 7,354,000 American depositary shares at $19 each. The stock opened at $20.40 when trading began Tuesday and skyrocketed by more than 45% in early trading.
How to buy shares in Adagene
- Compare share trading platforms.Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol – ADAG – and research it before deciding if it's a good investment for you.
- Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
- Check in on your investment. Optimize your portfolio by tracking your stock.
Adagene stock price (NASDAQ: ADAG)Use our graph to track the performance of ADAG stocks over time.
Adagene shares at a glance
|Latest market close||$11.74|
|52-week range||$11.11 - $31.83|
|50-day moving average||$15.45|
|200-day moving average||$15.25|
|Wall St. target price||$33.89|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||$-2.50|
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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
Is it a good time to buy Adagene stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Adagene price performance over time
|1 week (2021-10-08)||-11.73%|
|1 month (2021-09-15)||-23.02%|
|3 months (2021-07-15)||-33.67%|
|6 months (2021-04-15)||-11.06%|
|1 year (2020-10-11)||N/A|
|2 years (2019-10-11)||N/A|
|3 years (2018-10-11)||N/A|
|5 years (2016-10-11)||N/A|
|Revenue TTM||$1.8 million|
|Gross profit TTM||$700,913|
|Return on assets TTM||-24.24%|
|Return on equity TTM||-45.09%|
|Market capitalisation||$579.6 million|
TTM: trailing 12 months
Shorting Adagene shares
There are currently 180,934 Adagene shares held short by investors – that's known as Adagene's "short interest". This figure is 28.6% down from 253,528 last month.
There are a few different ways that this level of interest in shorting Adagene shares can be evaluated.
Adagene's "short interest ratio" (SIR)
Adagene's "short interest ratio" (SIR) is the quantity of Adagene shares currently shorted divided by the average quantity of Adagene shares traded daily (recently around 27878.890600924). Adagene's SIR currently stands at 6.49. In other words for every 100,000 Adagene shares traded daily on the market, roughly 6490 shares are currently held short.
To gain some more context, you can compare Adagene's short interest ratio against those of similar companies.
However Adagene's short interest can also be evaluated against the total number of Adagene shares, or, against the total number of tradable Adagene shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Adagene's short interest could be expressed as 0% of the outstanding shares (for every 100,000 Adagene shares in existence, roughly 0 shares are currently held short) or 0.0099% of the tradable shares (for every 100,000 tradable Adagene shares, roughly 10 shares are currently held short).
A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against Adagene.
Find out more about how you can short Adagene stock.
Adagene share dividends
We're not expecting Adagene to pay a dividend over the next 12 months.
You may also wish to consider:
- Novo Nordisk A/S (NVO.US) (9.5% forward annual dividend yield)
Adagene Inc. , a clinical stage biopharmaceutical company, engages in the research, development, and production of monoclonal antibody drugs for cancers. Its lead product candidates include ADG106, a human ligand-blocking agonistic anti-CD137 monoclonal antibodies (mAbs) that is in Phase Ib clinical trials for the treatment advanced solid tumors and non-Hodgkin's lymphoma; ADG126, a fully-human anti-CTLA-4 mAb for cancer treatment; and ADG116, a human ligand-blocking anti-CTLA-4 mAb, which is in Phase I clinical trial for the treatment of various tumors. The company was founded in 2011 and is headquartered in Suzhou, China. .
Adagene in the news
Hedge Funds are Selling These 10 Chinese Stocks Amid Crackdowns
Frequently asked questionsWhat percentage of Adagene is owned by insiders or institutions?
Currently 1.193% of Adagene shares are held by insiders and 13.794% by institutions. How many people work for Adagene?
Latest data suggests 198 work at Adagene. When does the fiscal year end for Adagene?
Adagene's fiscal year ends in December. Where is Adagene based?
Adagene's address is: Building C14, Suzhou, China, 25125 What is Adagene's ISIN number?
Adagene's international securities identification number is: US0053291078
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