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 $2.65, down 2.93% from the previous day, and has increased 90.65% in one year. It has overperformed other stocks in the Biotechnology industry by 1.14 percentage points. Adagene stock is currently +140.91% from its 52-week low of $1.10, and -39.5% from its 52-week high of $4.38.
As of Apr 23, 2024, there are 55.15M shares of ADAG outstanding. The market value of ADAG is $116.91M. In the last 24 hours, 8101 ADAG shares were traded.
How to Buy Adagene Stock
Wondering how to invest in Adagene stock? Here's how.
- 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.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Put funds into your investment account: Select your payment method and add your details.
- 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).
- 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.
- 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.
Our preferred brokerage: eToro
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- Security: eToro is a regulated and licensed fintech leader.
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Get $10 towards your purchase of stock by opening an account with eToro today.
Open eToro AccountStep 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.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to start your new trading account.
- Send your information by clicking the "Create Account" button. Get started with eToro today
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.
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 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 1.66x, relative to Biotechnology industry P/B ratio of 5.93x
You can do additional valuation analysis on ADAG's stock here.
ADAG Financials at a glance
Signs that ADAG is financially healthy:
- ADAG has $109.93M in cash and short term investments. This is enough to cover its annual cash burn of $28.53M.
- 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.
- Total ADAG debt is lower than 5 years ago, relative to shareholder equity.
- ADAG has cash burn of 28532195. It has sufficient cash and short-term investments to cover this for at least one year.
Signs that ADAG is not financially healthy:
- ADAG has a relatively high debt to equity ratio of 0.64.
- ADAG profit margin has gone up by 7.56 percentage points in the past year, but the company is still unprofitable.
You can dig deeper into what analysts are projecting on the Adagene stock forecast page.
ADAG Technical Indicators
ADAG Revenue
Last year, ADAG revenue was $18.11M. Over the last five year, ADAG's revenue has increased by 64.33% per year. This was faster than the Biotechnology industry average of 28.88%.
You can analyze ADAG's earnings and revenue performance here.
What are ADAG executives and large shareholders up to?
Over the past 12 months, insiders at ADAG have not bought or sold any shares.
Research more about who owns ADAG stock here.
Can I get consistent income from ADAG stock?
No, Adagene doesn't provide an income stream by paying out dividends.
What others are saying about ADAG
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Execute your ADAG purchase
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly sufficient. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact price limit, use a limit order.
Click the Open Trade button and your broker will execute your order.
If you need additional assistance buying stocks on eToro, click the helpful video below:
Step 6: Get notifications regarding your investment in ADAG
Now that you own some ADAG stock, you'll want to keep up with your new company.
Put ADAG on a watchlist to get the latest updates about your ADAG stock.
ADAG Feed
How to Buy Stock in Adagene
To summarize, here are the 6 steps to buy stock in Adagene:
- Figure out where to buy Adagene stock
- Open your brokerage account
- Put funds into your investment account
- Research Adagene stock
- Execute your ADAG purchase
- Get notifications regarding your investment in ADAG
If you are looking for a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to keep an eye on your new investment in Adagene, hit the button below to create your watchlist.
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