Avidity Biosciences Inc (RNA) concluded trading on Thursday at a closing price of $42.85, with 5.11 million shares of worth about $218.85 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 194.74% during that period and on August 22, 2024 the price saw a loss of about -4.81%. Currently the company’s common shares owned by public are about 117.12M shares, out of which, 106.90M shares are available for trading.
Stock saw a price change of -5.79% in past 5 days and over the past one month there was a price change of -4.02%. Year-to-date (YTD), RNA shares are showing a performance of 373.54% which increased to 425.83% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.82 but also hit the highest price of $48.80 during that period. The average intraday trading volume for Avidity Biosciences Inc shares is 1.63 million. The stock is currently trading -3.70% below its 20-day simple moving average (SMA20), while that difference is up 0.95% for SMA50 and it goes to 83.57% higher than SMA200.
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Avidity Biosciences Inc (NASDAQ: RNA) currently have 117.12M outstanding shares and institutions hold larger chunk of about 93.67% of that.
The stock has a current market capitalization of $5.02B and its 3Y-monthly beta is at 0.89. It has posted earnings per share of -$2.95 in the same period. It has Quick Ratio of 15.78 while making debt-to-equity ratio of 0.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RNA, volatility over the week remained 4.65% while standing at 6.41% over the month.
Stock’s fiscal year EPS is expected to drop by -1.53% while it is estimated to decrease by -4.25% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on May 03, 2024 offering a Buy rating for the stock and assigned a target price of $40 to it. Coverage by Cantor Fitzgerald stated Avidity Biosciences Inc (RNA) stock as an Overweight in their note to investors on March 14, 2024, suggesting a price target of $60 for the stock. On May 22, 2023, Evercore ISI Upgrade their recommendations, while on March 31, 2023, Evercore ISI Downgrade their ratings for the stock with a price target of $20. Stock get a Buy rating from Chardan Capital Markets on July 20, 2022.
