Additionally, the 36-month beta value for ADGM is -0.14.
The public float for ADGM is 13.11M and currently, short sellers hold a 0.10% ratio of that float. The average trading volume of ADGM on November 15, 2024 was 23.15K shares.
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ADGM) stock’s latest price update
The stock price of Adagio Medical Holdings Inc (NASDAQ: ADGM) has surged by 57.87 when compared to previous closing price of 2.35, but the company has seen a 37.41% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-10-24 that LAGUNA HILLS, Calif.–(BUSINESS WIRE)–Adagio Medical Holdings, Inc. (Nasdaq: ADGM; “Adagio Medical”, “Adagio” or the “Company”), a leading innovator in catheter ablation technologies, today announced the completion of the first procedures in FULCRUM-VT U.S. Food and Drug Administration (FDA) Pivotal IDE study of Adagio’s VT Cryoablation System. Procedures were performed by Professor William G. Stevenson, MD, at Vanderbilt University Medical Center in Nashville, TN and Dr. J. David Burkhardt at.
ADGM’s Market Performance
ADGM’s stock has risen by 37.41% in the past week, with a monthly rise of 29.04% and a quarterly drop of -31.55%. The volatility ratio for the week is 22.19% while the volatility levels for the last 30 days are 11.60% for Adagio Medical Holdings Inc The simple moving average for the past 20 days is 35.16% for ADGM’s stock, with a -55.83% simple moving average for the past 200 days.
ADGM Trading at 19.72% from the 50-Day Moving Average
After a stumble in the market that brought ADGM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -67.93% of loss for the given period.
Volatility was left at 11.60%, however, over the last 30 days, the volatility rate increased by 22.19%, as shares surge +29.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.30% lower at present.
During the last 5 trading sessions, ADGM rose by +37.41%, in comparison to the 20-day moving average, which settled at $2.74. In addition, Adagio Medical Holdings Inc saw -65.96% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ADGM
Current profitability levels for the company are sitting at:
- -30.66 for the present operating margin
- -3.35 for the gross margin
The net margin for Adagio Medical Holdings Inc stands at -3.07. The total capital return value is set at -1.36. Equity return is now at value -4.11, with -2.85 for asset returns.
Currently, EBITDA for the company is -27.41 million with net debt to EBITDA at -2.68. When we switch over and look at the enterprise to sales, we see a ratio of 316.86. The receivables turnover for the company is 2.14for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.01.
Conclusion
In conclusion, Adagio Medical Holdings Inc (ADGM) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
