Adagio Medical Holdings Inc (ADGM) Down -67.93% From Its 52-Week High, But Growth Potential Is Changing Over Time

Adagio Medical Holdings Inc (NASDAQ:ADGM) currently has a daily average trading volume of 23.15K but it saw 2596784 shares traded in last market. With a market cap of 63.53M USD, the company’s current market price of $3.71 came rising about 57.87 while comparing to the previous closing price of $2.35. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.57 and as low as $2.34. In the recent trading on the day, stock has struck highest price mark of $2.33 while lowest mark touched by it was $4.1999.

Taking a look at 20-day trading activity of Adagio Medical Holdings Inc (ADGM) gives us an average price of $2.74, while its current price level is -67.93% below from 52-week high level whereas it is 58.55% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $3.10. A closer look into the stock’s movement over the week reveals that its volatility is standing at 22.19% during that period while stretching the period over a month that decreases to 11.60%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 65.13 which implies that the stock is in neutral territory.

Over the week, ADGM’s stock price is moving 37.41% up while it is 29.04% when we observe its performance for the past one month. Year-to-date it is -65.96% down and over the past year, the stock is showing a downside performance of -64.05%.

Currently, Adagio Medical Holdings Inc’s total number of outstanding shares is 17.13M. Company’s return on investment (ROI) stands at -4.88% and return on equity (ROE) at -4.11%. Stock’s beta reads -0.14. Stock has a price to book (P/B) ratio of 1.12. Its return on asset (ROA) is -2.85% on average.