The 36-month beta value for ADGM is also noteworthy at -0.11.
The public float for ADGM is 14.23M, and at present, short sellers hold a 0.09% of that float. The average trading volume of ADGM on November 21, 2024 was 70.68K shares.
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ADGM) stock’s latest price update
The stock price of Adagio Medical Holdings Inc (NASDAQ: ADGM) has dropped by -18.03 compared to previous close of 2.44. Despite this, the company has seen a fall of -14.89% in its stock price over the last five trading days. 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
Adagio Medical Holdings Inc (ADGM) has seen a -14.89% fall in stock performance for the week, with a -25.93% decline in the past month and a -61.54% plunge in the past quarter. The volatility ratio for the week is 45.42%, and the volatility levels for the past 30 days are at 17.72% for ADGM. The simple moving average for the past 20 days is -26.03% for ADGM’s stock, with a -75.71% simple moving average for the past 200 days.
ADGM Trading at -32.86% 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 -82.71% of loss for the given period.
Volatility was left at 17.72%, however, over the last 30 days, the volatility rate increased by 45.42%, as shares sank -25.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -46.24% lower at present.
During the last 5 trading sessions, ADGM fell by -14.89%, in comparison to the 20-day moving average, which settled at $2.70. In addition, Adagio Medical Holdings Inc saw -81.65% 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:
- -29.47 for the present operating margin
- -3.02 for the gross margin
The net margin for Adagio Medical Holdings Inc stands at 0.87. The total capital return value is set at -0.15. Equity return is now at value -4.11, with -2.85 for asset returns.
Based on Adagio Medical Holdings Inc (ADGM), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at -1.17. The debt to equity ratio resting at 0.18. The interest coverage ratio of the stock is -10.85.
Currently, EBITDA for the company is -27.41 million with net debt to EBITDA at 0.81. When we switch over and look at the enterprise to sales, we see a ratio of 45.43. The receivables turnover for the company is 5.44for trailing twelve months and the total asset turnover is 0.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.01.
Conclusion
In summary, Adagio Medical Holdings Inc (ADGM) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
