ADMA Biologics screens at a forward price-to-earnings ratio of 8.5x and PEG of 0.18, with a return on equity of 43%, wide moat characteristics, and analyst consensus implying roughly 107% upside; the primary cautions are a free cash flow conversion of only 35% of net income and a confirmed long-term trend breakdown — though improving near-term momentum indicators suggest a recovery setup may be forming.
Thesis pillars
- Deep Valuation Discount→Stable
- Superior Returns Versus Peers→Stable
- Fcf Conversion Shortfall→Stable
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 25, 2026
ADMA Biologics Inc (ADMA) Stock Analysis
Momentum Cont setup
Healthcare · Biotechnology
Wait for pullback to $10.88. BUY gates pass at $11.28, but earnings in 6 days (event risk) and weak growth argue for a more patient entry. Engine's entry $10.88 (Atr Pullback Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum.
ADMA Biologics manufactures and commercializes three FDA-approved plasma-derived specialty biologics — ASCENIV and BIVIGAM (IVIG products for primary immunodeficiency) and Nabi-HB (hepatitis B immune globulin) — produced at its Boca Raton, Florida plasma fractionation facility.... Read more
Wait for pullback to $10.88. BUY gates pass at $11.28, but earnings in 6 days (event risk) and weak growth argue for a more patient entry. Engine's entry $10.88 (Atr Pullback Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Chart setup: Trend continuation, RSI 69, MACD bullish. Value play: 35% MoS with quality 8.2. Score 6.2/10, moderate confidence.
Passes 8/10 gates (positive momentum, favorable risk/reward ratio, clean insider activity, positive momentum, no SEC red flags, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on earnings proximity 6d<=7d. Suitability: speculative.
About ADMA Biologics Inc
About ADMA Biologics Inc
ASCENIV, BIVIGAM, and Nabi-HB — ADMA Biologics' three FDA-approved plasma-derived biologics — are its sole commercial products, with 2026 revenue targeted at more than $635 million from the Boca Raton, Florida fractionation facility. The FDA approved a yield enhancement process in April 2025, expected to increase ASCENIV and BIVIGAM production yields by approximately 20% from the same starting source plasma volume. The company operated 10 FDA-licensed plasma collection centers at December 31, 2025, with three earmarked for divestiture at an aggregate price of $12.0 million.
ADMA earns revenue from specialty biologic sales distributed through national specialty distributors to home healthcare infusion facilities, hospitals, and physician offices. The Centers for Medicare and Medicaid Services issued a permanent J-code (J1554) for ASCENIV effective April 2021, enabling consistent reimbursement coding. ASCENIV targets patients with primary immunodeficiency disease — an estimated 150,000 to 250,000 diagnosed U.S. patients, roughly half treated with IVIG regularly — while BIVIGAM covers a broader PI population including pediatric patients two years and older following a December 2023 FDA label expansion. Plasma supply comes from ADMA BioCenters' collection network plus third-party supply agreements; the December 2025 divestiture of three collection centers included long-term plasma supply agreements with the buyer designed to sustain supply through the late 2030s. A portion of collected plasma not consumed in-house is sold to third-party customers in U.S. and international spot markets. Third-party contractors supplement in-house fill-finish capability at the Boca Facility.
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ADMA's commercial output flows through a single FDA-licensed plasma fractionation facility in Boca Raton, Florida; the 10-K states the company has no alternative manufacturing facility or contractual arrangements with other manufacturers in the event of a casualty to or destruction of any of its facilities. A natural disaster, fire, or FDA enforcement action — such as a warning letter following an inspection of the Boca Facility — could interrupt supply of all three commercial products simultaneously. Compounding this, historically a few customers have accounted for a significant amount of total revenue, meaning a supply disruption could simultaneously trigger customer retention risk.
See also: Healthcare · Biotechnology
From ADMA Biologics Inc's most recent 10-K filing, extracted June 9, 2026.
Recent developments
updated 2026-10-29Recent Developments — ADMA Biologics Inc
Latest news
- NEWS ADMA BIOLOGICS, INC. INVESTORS WITH LOSSES HAVE UNTIL - GlobeNewswire — GlobeNewswire negative
- NEWS ADMA BIOLOGICS, INC. INVESTORS WITH LOSSES HAVE UNTIL - globenewswire.com — globenewswire.com negative
- NEWS Wall Street Analysts See Adma Biologics (ADMA) as a Buy: Should You Invest? - Yahoo Finance — Yahoo Finance positive
- NEWS Wall Street Analysts See Adma Biologics (ADMA) as a Buy: Should You Invest? - finance.yahoo.com — finance.yahoo.com positive
- NEWS ADMA|ADMA Biologics Inc|Price:8.545|Chg%:-0.165 - TradingKey — TradingKey neutral
Generated 2026-10-29T11:08:50Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMCustomerfew customers10-K Item 1A: 'Historically, a few customers have accounted for a significant amount of our total revenue and accounts receivable'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
1 floor-breaker
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Wait for pullback to $10.88. BUY gates pass at $11.28, but earnings in 6 days (event risk) and weak growth argue for a more patient entry. Engine's entry $10.88 (Atr Pullback Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Chart setup: Trend continuation, RSI 69, MACD bullish. Value play: 35% MoS with quality 8.2. Target $14.45 (+28.1%), stop $10.18 (−10.8%), A.R:R 1.9:1. Score 6.2/10, moderate confidence.
Take-profit target: $14.45 (+28.1% upside). Target $14.45 (+28.1%), stop $10.18 (−10.8%), A.R:R 1.9:1. Stop-loss: $10.18.
Earnings in 6 days (event risk); Weak growth.
ADMA Biologics Inc trades at a P/E of 16.1 (forward 12.0). TrendMatrix value score: 7.8/10. Verdict: Buy (Wait for Entry).
10 analysts cover ADMA with a consensus score of 4.0/5. Average price target: $17.
What does ADMA Biologics Inc do?ADMA Biologics manufactures and commercializes three FDA-approved plasma-derived specialty biologics — ASCENIV and...
ADMA Biologics manufactures and commercializes three FDA-approved plasma-derived specialty biologics — ASCENIV and BIVIGAM (IVIG products for primary immunodeficiency) and Nabi-HB (hepatitis B immune globulin) — produced at its Boca Raton, Florida plasma fractionation facility. Revenue comes from specialty biologic sales through national distributors; the company targets more than $635 million in 2026 revenue and also sells excess source plasma to third parties.