With over 34.3 million Avalo Therapeutics Inc (AVTX) shares trading Friday and a closing price of $0.06 on the day, the dollar volume was approximately $2.06 million. The shares have shown a negative half year performance of -98.47% and its price on 12/15/23 lost nearly -10.98%. Currently, there are 192.38M common shares owned by the public and among those 192.15M shares have been available to trade.
Insiders at the company have transacted a total of 37 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 34 of these insider trades were purchases, accounting for 658,840 shares. Insider sales of the common stock occurred on 3 occasions, with total insider shares sold totaling 4,354,138 shares.
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However, the script later moved the day high at 0.0770, down -10.98%. The company’s stock has a 5-day price change of 13.21% and -51.38% over the past three months. AVTX shares are trading -98.81% year to date (YTD), with the 12-month market performance down to -98.96% lower. It has a 12-month low price of $0.03 and touched a high of $6.09 over the same period. AVTX has an average intraday trading volume of 67.58 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -16.15%, -40.35%, and -94.98% respectively.
Institutional ownership of Avalo Therapeutics Inc (NASDAQ: AVTX) shares accounts for 0.70% of the company’s 192.38M shares outstanding.
It has a market capitalization of $11.54M and a beta (3y monthly) value of 1.08. The earnings-per-share (ttm) stands at -$2.59. Price movements for the stock have been influenced by the stock’s volatility, which stands at 55.55% over the week and 20.56% over the month.
Analysts forecast that Avalo Therapeutics Inc (AVTX) will achieve an EPS of -$0.02 for the current quarter, -$0.02 for the next quarter and -$0.07 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.02 while analysts give the company a high EPS estimate of -$0.02. Comparatively, EPS for the current quarter was -$1.04 a year ago. Earnings per share for the fiscal year are expected to increase by 90.97%, and 82.50% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Avalo Therapeutics Inc (AVTX) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the AVTX, a number of firms have released research notes about the stock. RBC Capital Mkts stated their Outperform rating for the stock in a research note on September 24, 2021, with the firm’s price target at $6.
