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ADAP Stock Risk & Deep Value Analysis

Adaptimmune Therapeutics PLC

Healthcare • Biotechnology

DVR Score

0.5

out of 10

Distressed

What You Need to Know About ADAP Stock

We analyzed Adaptimmune Therapeutics PLC using our deep value framework. Sign in to see our full verdict and DVR Score.

We ran ADAP through our deep value framework — analyzing financial health, distress signals, competitive moat, and risk factors. Our risk assessment: Aggressive. Here's what we found.

Updated Mar 24, 2026Run Fresh Analysis →

ADAP Risk Analysis & Red Flags

Risk Matrix

Overall

Aggressive

Financial

High

Market

High

Competitive

High

Execution

High

Regulatory

High

Upcoming Risk Events

  • 📅

    Inability to secure immediate funding/liquidity

  • 📅

    Forced delisting from major exchange

  • 📅

    Bankruptcy proceedings and equity wipe-out

  • 📅

    Competitor advances making existing IP less valuable

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What Does Adaptimmune Therapeutics PLC (ADAP) Do?

Market Cap

$17.15M

Sector

Healthcare

Industry

Biotechnology

Employees

506

Adaptimmune Therapeutics plc, a commercial-stage biopharmaceutical company, provides novel cell therapies primarily to cancer patients in the United States and the United Kingdom. It develops TECELRA ((famitresgene autoleucel or afami-cel), a genetically modified autologous T-cell immunotherapy for the treatment of adults with unresectable or metastatic synovial sarcoma; Lete-cel for the treatment synovial sarcoma and myxoid liposarcoma; and ADP-5701, which is in Phase 1 clinical trial for the treatment of head and neck cancer. The company also focuses on the development of T-cell therapies directed to PRAME (ADP-600) and CD70 (ADP-520). It has strategic collaboration with Galapagos to clinical proof-of-concept trial to evaluate the safety and efficacy of uza-cel produced on Galapagos' decentralized manufacturing platform (ADP-5701) in patients with head and neck cancer; collaboration and license agreement with Noile-Immune Biotech, Inc. and strategic alliance agreement with the MD Anderson Cancer Center. Adaptimmune Therapeutics plc was founded in 2008 and is headquartered in Abingdon, the United Kingdom.

Visit Adaptimmune Therapeutics PLC Website

Investment Thesis

There is no viable investment thesis for Adaptimmune Therapeutics PLC under current conditions. The company faces imminent delisting and bankruptcy due to severe financial distress, a collapsed market cap ($0.00B), and critical non-compliance with SEC filing requirements. The scientific promise of its approved IP is entirely stranded. Any 'investment' would be a pure, extremely high-risk lottery ticket on an improbable last-minute acquisition of its IP at a fire-sale price, likely resulting in minimal to zero recovery for common shareholders.

Is ADAP Stock Undervalued?

Adaptimmune's score has plummeted due to a critical and rapid deterioration in its financial and operational status. The share price has collapsed by 90% since the last analysis, now at $0.0022 with an effective $0.00B market cap, signaling imminent failure. Most critically, the company is severely delinquent, having missed Q2, Q3, Q4 2025, and Q1 2026 earnings reports. This strongly indicates the cash runway, projected to expire in Q1 2026, has indeed ended without a rescue. While the underlying SPEAR T-cell platform and FDA-approved afami-cel hold scientific promise, the company's financial collapse and failure to meet regulatory filing obligations completely overshadow any potential. 10x growth is now virtually impossible for existing equity holders, with the primary 'catalysts' being delisting or bankruptcy. This is an ultra-high-risk speculative bet with a high probability of total capital loss, offering almost no upside potential under current conditions.

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ADAP Price Targets & Strategy

12-Month Target

$0.01

Bull Case

$0.05

0

Valuation Basis

Highly speculative recovery target based on improbable asset sale value for its approved IP, considering current cash crunch, severe filing delinquency, and high delisting risk. No traditional valuation metrics are applicable.

Entry Strategy

No recommended entry given extreme financial distress, severe regulatory non-compliance, and high probability of permanent capital loss. Avoid.

Exit Strategy

For existing shareholders, immediate exit if any liquidity remains to salvage partial capital. Stop loss at $0.00.

Portfolio Allocation

0% (Avoid entirely due to extreme risk of total capital loss and likely delisting).

Price Targets & Strategy

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Is ADAP Financially Healthy?

Profitability

Net Margin

-260.82%

Return on Equity

-163.73%

EPS

$-0.65

Balance Sheet

Current Ratio

1.52

Quick Ratio

1.29

Does ADAP Have a Competitive Moat?

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Moat Rating

⚪ None

Moat Trend

Eroding

Moat Sources

1 Identified

Intangible Assets/IP (FDA approval for afami-cel)

The company's significant intellectual property, including an FDA-approved drug, is being rendered effectively worthless due to the complete failure in commercialization and overwhelming financial distress. Without funding or a viable operational entity, the moat cannot protect market position.

Moat Erosion Risks

  • Insolvency and inability to fund ongoing R&D or commercial efforts
  • Competitor innovation rendering existing IP less valuable over time
  • Loss of key scientific talent due to financial instability

ADAP Competitive Moat Analysis

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ADAP Market Intelligence

Sentiment & Insider Activity

Social Sentiment

Bearish/Non-existent. Retail sentiment likely focused on delisting/bankruptcy, with minimal engagement due to extreme price and uncertainty.

Institutional Sentiment

Negative. Mizuho downgraded to Neutral (June 26, 2025) citing solvency concerns. No positive institutional activity or buying trends reported since.

Insider Activity (Form 4)

No specific Form 4 filings reported in last 90 days (post-December 2025). No CEO/CFO activity flagged.

Options Flow

Normal options activity (likely negligible volume given current price, market cap, and high risk profile).

Earnings Intelligence

Next Earnings

Unknown; company is severely delinquent on Q2, Q3, Q4 2025, and Q1 2026 filings. The last reported earnings were Q1 2025 (May 15, 2025).

Surprise Probability

Low. If any reports are ever released, they are expected to show severe financial distress and potential going concern issues.

Historical Earnings Pattern

No recent pattern discernible due to missing reports and extreme price decline; past reactions are irrelevant.

Key Metrics to Watch

Status of SEC filings and exchange complianceAny news on cash position and immediate liquidityGoing concern statements in any potential future reports

Competitive Position

Top Competitor

Immunocore

Market Share Trend

Losing (effectively zero due to commercialization failure and financial collapse).

Valuation vs Peers

Adaptimmune is not meaningfully comparable to peers due to its extreme financial distress, effectively zero market capitalization, and severe regulatory non-compliance. Valuation metrics are N/A for ADAP while peers may trade at high P/S or EV/Sales multiples reflecting clinical potential.

Competitive Advantages

  • FDA-approved afami-cel (Kimmtrak) for uveal melanoma (although commercialization has been disastrous)
  • Proprietary SPEAR T-cell platform technology

Market Intelligence

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What Could Drive ADAP Stock Higher?

Near-Term (0-6 months)

  • Delisting notification from exchange (imminent due to missed filings)
  • Bankruptcy filing or restructuring announcement
  • Last-minute, highly dilutive financing attempt (low probability)
  • Desperate asset sale (low probability of significant return to shareholders)

Medium-Term (6-18 months)

  • None identified given imminent financial failure.

Long-Term (18+ months)

  • None identified.

Catalysts & Growth Drivers

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What's the Bull Case for ADAP?

  • Any official communication regarding SEC filing status or exchange delisting

  • Public announcement of a substantial new financing round (highly improbable)

  • Formal news of an acquisition or asset sale (unlikely to favor existing shareholders)

Bull Case Analysis

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Competing with ADAP

See how Adaptimmune Therapeutics PLC compares to related companies

CompanyMarket CapDVR ScoreP/ERevenueProfit MarginRev Growth

Adaptimmune Therapeutics PLC

ADAP

$17.1M0.5$13.7M-260.8%0.0%

AbbVie Inc

ABBV

$403.8B0.1171.8Compare →

Johnson & Johnson

JNJ

1.0Compare →

Eli Lilly and Co

LLY

$965.0B0.552.6Compare →

Pfizer Inc

PFE

$150.6B0.219.4$62.6B12.4%-1.6%Compare →

UnitedHealth Group Inc

UNH

$276.2B0.322.9$113.7B2.7%1181.0%Compare →

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FAQ

What is the DVR Score for Adaptimmune Therapeutics PLC (ADAP)?

As of March 24, 2026, Adaptimmune Therapeutics PLC has a DVR Score of 0.5 out of 10, placing it in the "Distressed" category. This score is generated by our AI-powered deep value analysis framework that evaluates growth potential, financial health, competitive moat, and risk factors.

What is the market capitalization of Adaptimmune Therapeutics PLC?

Adaptimmune Therapeutics PLC's market capitalization is approximately $17.1M. The company operates in the Healthcare sector within the Biotechnology industry.

What ticker symbol does Adaptimmune Therapeutics PLC use?

ADAP is the ticker symbol for Adaptimmune Therapeutics PLC. The company trades on the NCM.

What is the risk level for ADAP stock?

Our analysis rates Adaptimmune Therapeutics PLC's overall risk as Aggressive. This assessment considers execution risk, market risk, financial risk, competitive risk, and regulatory risk. For a full breakdown, see the risk analysis section above.

Is Adaptimmune Therapeutics PLC's revenue growing?

Adaptimmune Therapeutics PLC has reported revenue growth of 0.0%. Revenue has been declining, which warrants closer examination.

Is ADAP stock profitable?

Adaptimmune Therapeutics PLC has a profit margin of -260.8%. The company is currently unprofitable.

How often is the ADAP DVR analysis updated?

Our AI-powered analysis of Adaptimmune Therapeutics PLC is refreshed regularly to incorporate the latest financial data, market conditions, and news. The most recent update was on March 24, 2026.

Important Disclaimer – Not Financial Advice

Deep Value Reports is an independent research platform for educational and informational purposes only. We are not financial advisors, investment advisors, or licensed professionals. The analysis, scores, and information provided on this page for ADAP (Adaptimmune Therapeutics PLC) should not be construed as personalized investment advice, a recommendation to buy or sell any security, or an offer to provide investment advisory services.

All investments involve risk, including the potential loss of principal. Past performance does not guarantee future results. Always conduct your own research, consider your financial situation, and consult with a qualified financial advisor before making any investment decisions.

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