How to Buy Adagene Stock

Adagene Inc

Adagene Inc. , a clinical stage biopharmaceutical company, engages in the research, development, and production of monoclonal antibody drugs for cancers.

Adagene stock last closed at $1.41, up 4.44% from the previous day, and has decreased 50% in one year. It has underperformed other stocks in the Biotechnology industry by 0.52 percentage points. Adagene stock is currently +56.67% from its 52-week low of $0.90, and -51.02% from its 52-week high of $2.88.

As of May 26, 2023, there are 54.07M shares of ADAG outstanding. The market value of ADAG is $60.99M. In the last 24 hours, 16,002 ADAG shares were traded.

How to Buy Adagene Stock

Wondering how to invest in Adagene stock? Here's how.
  1. Figure out where to buy Adagene stock: You need to choose a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you decide where to buy Adagene stock.
  2. Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Put funds into your investment account: Select your payment method and add your details.
  4. Research Adagene stock: The Adagene ticker symbol is ADAG. Is Adagene stock a good investment? Should you buy shares of ADAG? How do ADAG's underlying business fundamentals look? Do top analysts think Adagene is a good buy? Why has ADAG's stock price moved recently? (Hint: Our stock market research website can help you evaluate if ADAG is a good stock to buy).
  5. Execute your ADAG purchase: Decide if you will purchase ADAG shares at the current market price or use a limit order to buy ADAG shares at a given price.
  6. Get notifications regarding your investment in ADAG: Create a watchlist to watch your investment in Adagene shares.

Step 1: Figure out where to buy Adagene stock

You will need an online brokerage account in order to access the NASDAQ market and buy ADAG shares.

A brokerage account is an investment account that enables you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Open your brokerage account

Now that you've picked your brokerage, you'll need to fill out some personal info so you are able to invest in ADAG today.

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Step 3: Put funds into your investment account

Now that you've finished signing up on the best stock app for beginners, you can securely and quickly fund your account:

Check out the video below if you need help transferring funds into your brokerage account.

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Step 4: Research Adagene stock

Once you have selected the best place to buy Adagene stock, it's critical to analyze their stock before you buy, so you can understand the risk and upside.

Adagene Metrics

ADAG Price
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Next Earnings
May 31, 2023
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ADAG Fundamentals

WallStreetZen was built to help everyday investors perform more accurate fundamental analysis quickly.

You can view all of the due diligence checks on ADAG's stock page.

Is ADAG stock undervalued?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge ADAG's intrinsic value.

Using relative valuations ratios:

  • ADAG could be undervalued based on its P/B ratio of 0.73x, relative to Biotechnology industry P/B ratio of 5.18x

You can do additional valuation analysis on ADAG's stock here.

ADAG Financials at a glance

Signs that ADAG is financially healthy:

  • ADAG has $143.76M in cash and short term investments. This is enough to cover its annual cash burn of $49.30M.
  • There are more short-term assets than long-term liabilities on the ADAG balance sheet.
  • There are more short-term assets than short-term liabilities on the ADAG balance sheet.
  • ADAG has cash burn of 49297733. It has sufficient cash and short-term investments to cover this for at least one year.

Signs that ADAG is not financially healthy:

  • ADAG profit margin has gone down from -719.5% to -860.6% in the past year.
  • ADAG has a relatively high debt to equity ratio of 0.83.

Is ADAG stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 3 Equities analysts who give forecasts on ADAG, the consensus analyst rating on Adagene is a Strong Buy

Please keep in mind that analyst forecasts are not recommendations, nor are they investment advice.

Latest ADAG Analyst Ratings

Arthur He, a bottom 11% analyst from HC Wainwright & Co. reiterates ADAG with a buy rating and maintains their ADAG price target from $5.00 to $5.00, on Apr 21, 2023.

Matthew Harrison, a bottom 14% analyst from Morgan Stanley maintains ADAG with a strong buy rating and lowers their ADAG price target from $7.00 to $5.00, on Jan 24, 2023.

Swayampakula Ramakanth, a bottom 6% analyst from HC Wainwright & Co. initiates coverage on ADAG with a buy rating and announces their ADAG price target of $5.00, on Dec 7, 2022.

You can dive deeper into what analysts are saying on the Adagene stock forecast page.

Metrics for Advanced ADAG Traders

MACD Signal
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StochRSI %K
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ADAG Earnings

Last year, ADAG revenue was $9.29M. Over the last 4 year, ADAG's revenue has gone up by 57.47% per year. This was slower than the Biotechnology industry average of 89.01%.

Find out more about ADAG's earnings and revenue performance here.

Are ADAG executives and large shareholders buying or selling the stock?

Over the last 12 months, insiders at ADAG have not bought or sold any shares.

Dig into more about who owns ADAG shares here.

Can I get consistent income from ADAG stock?

No, Adagene doesn't provide an income stream by paying out dividends.

ADAG Social Trading Data

One of the reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to see what other investors have to say.

Step 5: Execute your ADAG purchase

You have two main options:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are usually fine for most investors.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to be certain you're buying or selling at a specific price limit, place a limit order.

Press the Open button and eToro will place the order.

If you require additional info about investing in stocks on eToro, click the how to video below:

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Step 6: Get notifications regarding your investment in ADAG

Now that you own some ADAG shares, you'll want to stay up-to-date on your new investment.

Create a watchlist to get notified of the latest news about your ADAG stock.


How to Buy Stock in Adagene

To summarize, here are the 6 steps to buy Adagene stock:

  1. Figure out where to buy Adagene stock
  2. Open your brokerage account
  3. Put funds into your investment account
  4. Research Adagene stock
  5. Execute your ADAG purchase
  6. Get notifications regarding your investment in ADAG

If you need a place to buy stocks, eToro is our recommended option.

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If you want to get the latest scoop on your investment in Adagene, click below.

$1.41+0.06 (+4.44%)
Updated May 26, 2023
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$1.41+0.06 (+4.44%)
Updated May 26, 2023
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How much does it cost to buy one Adagene share?

As of May 26, 2023, it costs $1.41 to buy one share of Adagene stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.71, you can buy 0.5 shares of ADAG.

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Is now a good time to buy Adagene stock?

According to 3 Wall Street analysts who monitor Adagene, their consensus recommendation is to buy Adagene stock.

What is the best way to buy Adagene stock?

One way to place an order for Adagene stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.