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.
- 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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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.
- Provide your personal data to start your new trading account.
- Send your information by clicking the "Create Account" button.
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 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
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:
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.
ADAG Feed
How to Buy Stock in Adagene
To summarize, here are the 6 steps to buy Adagene stock:
- 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 need a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to get the latest scoop on your investment in Adagene, click below.
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