The Adamas Pharmaceuticals Inc. (ADMS) shares are trading at higher $3.78 and the avg recommendation for the stock is Moderate Buy.
To add more color to this target, the company’s high over the last year is $7.78 and the low is $1.90. Over the last 52 weeks, ADMS is down -51.41% while the S&P 500 is up 0.07%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, ADMS reported a profit of $18.41 million. Adamas Pharmaceuticals Inc. also saw revenues increase to $18.79 million. In addition, ADMS has free cash flow of -$29.53 million as of 06-2020. The company’s EBITDA came in at -$7.09 million which compares well with its peers.
ADMS Return on Assets is -50.20%. All told, it is clear that, ADMS needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. ADMS has a short ratio of 1.62 and outstanding shares of 28.19M.
ADMS has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.04 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -2.79. Adamas Pharmaceuticals Inc. ADMS also noted assets of $133.06 million at the end of the last quarter. Investors should also keep an eye on sector updates as ADMS has historically followed its peers on positive news.
All told, Adamas Pharmaceuticals Inc. ADMS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, ADMS represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Adamas Pharmaceuticals Inc. ADMS is now commanding a market cap of 73.48M and a float of 27.28M. ADMS is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of ADMS stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in ADMS, either long or short, and we have not been compensated for this article.