The Vanguard Group, Inc. recently announced the acquisition of new stake in Avenue Therapeutics Inc (NASDAQ:ATXI). This fresh investment now brings its stake to 0.35% valued currently at $9814.0. In addition, Two Sigma Securities LLC raised its holdings by 14438.0 to 14438.0 shares. And Tower Research Capital LLC has lifted its position by 22.15% or 1247.0 shares – to 6876.0 shares.
With over 9.39 million Avenue Therapeutics Inc (ATXI) shares trading Monday and a closing price of $0.19 on the day, the dollar volume was approximately $1.78 million. The shares have shown a negative half year performance of -82.75% and its price on 01/08/24 gained nearly 2.85%. Currently, there are 13.25M common shares owned by the public and among those 7.61M shares have been available to trade.
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Insiders at the company have transacted a total of 3 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 3 of these insider trades were purchases, accounting for 819,504 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Avenue Therapeutics Inc are Vanguard Extended Market Index Fu, Fidelity Extended Market Index Fu, and Fidelity Series Total Market Inde. Vanguard Extended Market Index Fu owns 46293.0 shares of the company’s stock, all valued at over $9814.0. Fidelity Series Total Market Inde now owns shares totaling to 0.05% of the shares outstanding.
Shares of Avenue Therapeutics Inc (NASDAQ: ATXI) opened at $0.1972, up $0.01 from a prior closing price of $0.19. The company’s stock has a 5-day price change of 21.06% and -68.42% over the past three months. ATXI shares are trading 21.06% year to date (YTD), with the 12-month market performance down to -84.65% lower. It has a 12-month low price of $0.13 and touched a high of $2.35 over the same period. ATXI has an average intraday trading volume of 5.49 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 18.86%, -3.34%, and -75.12% respectively.
Institutional ownership of Avenue Therapeutics Inc (NASDAQ: ATXI) shares accounts for 8.57% of the company’s 13.25M shares outstanding. Mutual fund holders own 0.93%, while other institutional holders and individual stakeholders account for 26.42% and 0.75% respectively.
It has a market capitalization of $2.58M and a beta (3y monthly) value of -0.31. The earnings-per-share (ttm) stands at -$1.40. Price movements for the stock have been influenced by the stock’s volatility, which stands at 27.84% over the week and 15.30% over the month.
Analysts forecast that Avenue Therapeutics Inc (ATXI) will achieve an EPS of -$0.1 for the current quarter, -$0.12 for the next quarter and -$0.41 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.11 while analysts give the company a high EPS estimate of -$0.09. Comparatively, EPS for the current quarter was -$0.75 a year ago. Earnings per share for the fiscal year are expected to increase by 40.18%, and 57.95% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate Avenue Therapeutics Inc (ATXI) as a “Strong Buy” at a consensus score of 1.00. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 0 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”
