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Adagio Medical Holdings Inc (ADGM) – Don’t Be So Quick to Call it Dead

Adagio Medical Holdings Inc (NASDAQ: ADGM) is -65.96% lower on its value in year-to-date trading and has touched a low of $2.34 and a high of $11.57 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ADGM stock was last observed hovering at around $2.35 in the last trading session, with the day’s gains setting it 1.36%.

Currently trading at $3.71, the stock is 35.16% and 19.72% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.6 million and changing 57.87% at the moment leaves the stock -55.83% off its SMA200. ADGM registered -64.05% loss for a year compared to 6-month loss of -66.96%. The firm has a 50-day simple moving average (SMA 50) of $3.1123 and a 200-day simple moving average (SMA200) of $3.8114932.

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The stock witnessed a 29.04% gain in the last 1 month and extending the period to 3 months gives it a -31.55%, and is 37.41% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 22.19% over the week and 11.60% over the month.

Adagio Medical Holdings Inc (ADGM) has around 3 employees, a market worth around $63.53M and $0.00M in sales. Distance from 52-week low is 58.55% and -67.93% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.88%).

The shares outstanding are 17.13M, and float is at 13.11M with Short Float at 0.10%.

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