Adamas Trust, Inc. (ADAM) Stock Price & Analysis
Adamas Trust, Inc. (ADAM) closed at USD 7.73 on Thursday, October 22, 2026, up 3.90% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 7.73; the Oct 22, 2026 session ranged USD 7.41–7.79 on volume of 816,722 shares. Market capitalization is —, with a 52-week range of USD 6.45–10.36 (NMS). Source: Nexqual, retrieved October 23, 2026 at 11:03 UTC.
Also available as compact Markdown for AI agents: nexqual.com/ADAM.md
Key facts (ADAM)
- Total return with dividends: 1Y +27.2% vs S&P 500 +14.9%; 5Y -17.0% vs S&P 500 +80.3%.
- Next earnings: 2026-10-28, EPS estimate USD 0.29, revenue estimate $53.2M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (ADAM)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Operating income | $191M | -$340M | -$77.7M | -$92.9M | $138M | $236M |
| Net income | $193M | -$299M | -$48.7M | -$62.0M | $149M | $202M |
| EPS (diluted) | $1.51 | -$3.61 | -$0.99 | -$1.14 | $1.10 | — |
| Free cash flow | $92.9M | -$118M | -$20.5M | -$10.6M | $126M | — |
| Cash + short-term investments | $290M | $245M | $187M | $167M | $210M | — |
| Total debt | $1.00B | $542M | $934M | $573M | $736M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (ADAM)
P/E at fiscal year-ends: Dec 2025 4.5x.
Analysts (ADAM)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-17 | Jones Trading | Maintained | Buy | $10 |
| 2026-09-14 | Jones Trading | Maintained | Buy | $10 |
| 2026-09-11 | Jones Trading | Maintained | Buy | $10 |
| 2026-09-01 | Jones Trading | Maintained | Buy | $10 |
| 2026-08-19 | UBS | Target raised | Neutral | $8.5 → $9.5 |
| 2026-07-30 | Jones Trading | Target raised | Buy | $9.5 → $10 |
Total return (dividends reinvested) (ADAM)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +27.2% | -17.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +27.3% | -3.6% |
| Volatility (annualized) | 32.3% | 35.1% |
| Max drawdown | -25.4% (Aug 2026→Oct 2026) | -56.5% (Oct 2021→Oct 2024) |
ADAM analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.29 | $0.26 | +13.0% | $53.2M | 6 |
| Next quarter (ends Dec 2026) | $0.29 | $0.27 | +9.0% | $53.7M | 6 |
| Current fiscal year (ends Dec 2026) | $1.23 | $1.09 | +12.9% | $205.5M | 6 |
| Next fiscal year (ends Dec 2027) | $1.24 | $1.12 | +10.5% | $216.7M | 6 |
ADAM options: expected move
Options price a move of about ±8.7% (±$0.68) by Nov 20, 2026, which includes earnings on Oct 28, 2026. Over the last 8 reports the stock moved ±5.9% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 37.7% | ±8.7% |
| Jan 15, 2027 | 84 | 40.0% | ±15.8% |
| Apr 16, 2027 | 175 | 43.6% | ±23.8% |
30-day implied volatility 40.5% vs 29.9% realized over the last 30 trading days. Put/call ratio (volume) 0.29. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 11:03 UTC)
| Price | USD 7.73 |
|---|---|
| Change | ▲ 3.90% (up) |
| Previous Close | USD 7.73 |
| Open | USD 7.73 |
| Day Range | USD 7.41 – 7.79 |
| 52-Week Range | USD 6.45 – 10.36 |
| Volume | 816,722 shares |
| Market Cap | — |
| Exchange | NMS |
Technical Analysis (ADAM)
Nexqual's technical model rates ADAM "SELL" based on 1 bullish and 4 bearish signals across 127 daily candles, as of October 23, 2026 at 11:03 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 38.86 (neutral) |
| vs SMA50 | Below (USD 8.77) |
| MACD | -0.32 (negative) |
Earnings (ADAM)
| Next Earnings Date | 2026-10-28 |
|---|---|
| EPS Estimate | USD 0.29 |
| Revenue Estimate | $53.25M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.3 vs est 0.25 ▲ beat |
| 2026-03-31 | USD 0.29 vs est 0.23 ▲ beat |
| 2025-12-31 | USD 0.23 vs est 0.25 ▼ miss |
| 2025-09-30 | USD 0.24 vs est 0.22 ▲ beat |
Source: Nexqual, October 23, 2026 at 11:03 UTC.
Financials & Fundamentals (ADAM)
| Total Revenue | $381.67M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +129.80% |
| Gross Margin | +78.67% |
| Operating Margin | +51.68% |
| Profit Margin | +52.96% |
| ROE | +16.44% |
| Debt / Equity | 7.69 |
| Current Ratio | 0.84 |
| Total Cash | $215.57M |
| Total Debt | $11.32B |
Source: Nexqual, October 23, 2026 at 11:03 UTC.
Ownership (ADAM)
| Insider Ownership | +6.73% |
|---|---|
| Institutional Ownership | +59.39% |
| Shares Outstanding | 89.88M |
| Float | 84.32M |
| Short % of Float | +2.96% |
Source: Nexqual, October 23, 2026 at 11:03 UTC.
From Adamas Trust, Inc.'s Latest SEC 10-K Filing (filed 2026-02-20)
Key Strengths & Strategy (as disclosed to the SEC)
- We also intend to continue, subject to market conditions, to focus on credit assets, many of which we have originated or sourced through proprietary channels, including through our wholly-owned subsidiary, Constructive, that we believe will deliver more attractive risk-adjusted returns over time.
- Our approach to leverage is based on the type of asset, underlying collateral and overall market conditions with the intent of obtaining more permanent, longer-term financing for our more illiquid assets.
- We believe that we are organized to comply with the requirements for qualification and taxation as a REIT under the Internal Revenue Code, and that our manner of operation enables us to meet the requirements for qualification and taxation as a REIT.
Partnerships
- Through Constructive, we originate business purpose loans to residential real estate investors, which supports our proprietary sourcing strategy and provides us access to credit assets consistent with our investment objectives.
- Subject to our investment guidelines, continued compliance with applicable REIT tax requirements, and our exclusion from registration as an investment company under the Investment Company Act, our investment strategy does not limit the amount of capital we may invest in any particular investment, asset class or type, or geographic concentration.
Legal & Regulatory Risks (Item 1A, quoted)
- Changes in laws and regulations affecting the relationship between Fannie Mae, Freddie Mac and Ginnie Mae and the U.S. Government may materially adversely affect our business, financial condition and results of operations, and our ability to pay dividends to our stockholders.
- We could be subject to liability for potential violations of predatory lending laws, which could materially adversely affect our business, financial condition and results of operations, and our ability to make distributions to our stockholders.
- We may be subject to adverse legislative or regulatory tax changes that could reduce the market price of our common stock.
- The remedies available to us to resolve delinquent loans may not fully compensate us for any losses incurred and may result in lengthy and expensive legal processes.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| CIM | Chimera Investment Corporation | USD 8.45 | ▲ 2.55% |
| MFA | MFA Financial, Inc. | USD 6.62 | ▲ 2.32% |
| IVR | INVESCO MORTGAGE CAPITAL INC | USD 5.52 | ▲ 1.85% |
| ABR | Arbor Realty Trust | USD 2.96 | ▲ 2.07% |
| ARI | Apollo Commercial Real Estate F | USD 6.3 | ▼ 0.63% |
| FBRT | Franklin BSP Realty Trust, Inc. | USD 6.25 | ▲ 3.82% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 11:03 UTC. This page is informational and not investment advice.
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