Adamis Pharmaceuticals Corporation (NASDAQ:ADMP) shares traded higher over the last trading session, gaining 5.00% on 06/07/21. The shares fell to a low of $1.01 before closing at $1.05. Intraday shares traded counted 26.23 million, which was -292.73% lower than its 30-day average trading volume of 6.68M. ADMP’s previous close was $1.00 while the outstanding shares total 148.89M. The firm has a beta of 1.16. The stock’s Relative Strength Index (RSI) is 63.64, with weekly volatility at 25.83% and ATR at 0.13. The ADMP stock’s 52-week price range has touched low of $0.38 and a $2.34 high.
Investors have identified the Drug Manufacturers – Specialty & Generic company Adamis Pharmaceuticals Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $176.61 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Adamis Pharmaceuticals Corporation (ADMP) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For ADMP, the company has in raw cash 6.86 million on their books with 2.3 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 12.52 million total, with 19.93 million as their total liabilities.
ADMP were able to record -21.6 million as free cash flow during the 08/16/2021 quarter of the year, this saw their quarterly net cash flow reduce by -1.96 million. In cash movements, the company had a total of -20.9 million as operating cash flow.
Potential earnings growth for Adamis Pharmaceuticals Corporation (ADMP)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/16/2021 quarter of the year, Adamis Pharmaceuticals Corporation recorded a total of 3.64 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -52.32% coming in sequential stages and their sales for the 08/16/2021 quarter reducing by -18.26%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 2.88 million trying to sell their products during the last quarter, with the result yielding a gross income of 0.76 million. This allows shareholders to hold on to 148.89M with the recently reported earning now reading -0.23 cents per share. This is a figure that compared to analyst’s prediction for their 08/16/2021 (-0.16 cents a share).
Having a look at the company’s valuation, the company is expected to record -0.20 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on ADMP sounds very interesting.
Is the stock of ADMP attractive?
In related news, SVP and Chief Business Officer, Marguglio David J. sold 35,000 shares of the company’s stock in a transaction that recorded on Nov 20. The sale was performed at an average price of 0.40, for a total value of 14,000. As the sale deal closes, the Chief Financial Officer, Hopkins Robert O now sold 35,000 shares of the company’s stock, valued at 14,182. Also, Chief Medical Officer, Moss Ronald B. sold 8,532 shares of the company’s stock in a deal that was recorded on Nov 18. The shares were price at an average price of 0.41 per share, with a total market value of 3,465. Following this completion of acquisition, the Chief Financial Officer, Hopkins Robert O now holds 7,229 shares of the company’s stock, valued at 2,936. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.80%.
0 out of 2 analysts covering the stock have rated it a Buy, while 2 have maintained a Hold recommendation on Adamis Pharmaceuticals Corporation. 0 analysts has assigned a Sell rating on the ADMP stock. The 12-month mean consensus price target for the company’s shares has been set at $1.00.