Insider Trading At Adamis Pharmaceuticals Corporation (NASDAQ: ADMP): What Did We Note?

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Adamis Pharmaceuticals Corporation (NASDAQ:ADMP) traded at $0.73 at close of the session on Monday, 01/10/22, made an upward move of 26.96% on its previous day’s price.

Looking at the stock we see that its previous close was $0.57 and the beta (5Y monthly) reads 1.31 with the day’s price range being $0.6068 – $0.8477. In terms of its 52-week price range, ADMP has a high of $2.34 and a low of $0.55. The company’s stock has gained about 1.66% over that past 30 days.

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Adamis Pharmaceuticals Corporation has a market cap of $108.93 million and is expected to release its quarterly earnings report on Nov 08, 2021 – Nov 12, 2021. Estimates by analysts give the company expected earnings per share (EPS) of -$0.04, with the EPS growth for the year raised at -$0.27 for 2021 and -$0.16 for next year. These figures represent 57.80% and 40.70% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $2.82 million, with a low of $1.3 million and a high of $4.34 million. The median projection represents growth adding up to -22.50% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2021 is expected to hit $11.61 million, or -29.80% down from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the ADMP stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 50% Sell.

Based on estimates by 2 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 2 have rated the Adamis Pharmaceuticals Corporation (ADMP) stock as a Hold, while 0 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 17.61% off its SMA20 and -7.84% from its 50-day simple moving average. The RSI (14) is pointing at 57.91 while the volatility over the past week is 14.46% and jumps to 9.04% over the past one month. The beta value is 1.23, while the average true range (ATR) is currently pointing at 0.06. The average price target for the stock over the next 12 months is $1.50, with the estimates having a low of $1.50 and a high of $1.50. These price ends are -105.48% and -105.48% off the current price level respectively, although investors could be excited at the prospect of a -105.48% if the ADMP share price touches on the median price of $1.50.

Let’s briefly compare Adamis Pharmaceuticals Corporation (ADMP) stock to its peers. We find that current price change of 26.96% and 3.25% over the past 12 months for ADMP competes that of SIGA Technologies Inc. (SIGA), which has seen its stock price rise 0.85% in the last trading session and was -5.59% over the last one year. Another of its peers Johnson & Johnson (JNJ) has dropped -0.49% previous session, and was 8.61% up over the past year, while Pfizer Inc. (PFE) was also up 0.93% in the last session, while its price remained in the green at 48.90% over the same period. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at -0.14% and -0.45%, respectively, at close of the trading.

Coming back to Adamis Pharmaceuticals Corporation (NASDAQ:ADMP), we note that the average 3-month trading volume was 5.91 million. Current shares outstanding are 148.89 million.

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The insiders hold 0.50% of the company’s shares while institutions hold 10.20%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 20.66% up in year-to-date price movement.

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