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Avidity Biosciences Inc (RNA)
NASDAQ:RNA
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RNA Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$4.83 - $48.80
Previous Close$41.75
Volume1.56M
Average Volume (3M)1.42M
Market Cap
$4.89B
Enterprise Value$3.60B
Total Cash (Recent Filing)$1.30B
Total Debt (Recent Filing)$8.38M
Price to Earnings (P/E)―
Beta1.23
Next Earnings
Nov 05, 2024EPS Estimate
-$0.73Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-2.95
Shares Outstanding118,220,000
10 Day Avg. Volume996,028
30 Day Avg. Volume1,421,225
Standard Deviation0.23
R-Squared0.03
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)4.04
Price to Sales (P/S)465.23
Price to Cash Flow (P/CF)-19.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue339.57
Enterprise Value/Gross Profit376.48
Enterprise Value/Ebitda-13.69
Forecast
1Y Price Target
$64.22Price Target Upside52.22% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
Avidity Biosciences News
Bulls Say, Bears Say
Bulls Say
Clinical DataRNA has shown DUX4 gene signature benefit in Ph1/2, in addition to functional benefit.
Competitive LandscapeImproved commercial outlook due to exit of competitor.
Efficacy DataEfficacy data for RNA's next-generation exon skipper candidate AOC 1044 is impressive, showing potential improvements in function for Duchenne muscular dystrophy (DMD) patients.
Bears Say
Market CompetitionConcerns have been raised about increasing competition in the market.
Regulatory ChangesPotential regulatory changes could negatively impact the company's operations.
SafetyOne patient discontinued due to a serious anaphylaxis event.
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Ownership Overview
9.67% Insiders
26.43% Mutual Funds
48.87% Other Institutional Investors
15.03% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Tech & InnovationRisks related to the company’s reliance on technology and ability to make innovative products
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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RNA FAQ
What was Avidity Biosciences Inc’s price range in the past 12 months?
Avidity Biosciences Inc lowest stock price was $4.83 and its highest was $48.80 in the past 12 months.
What is Avidity Biosciences Inc’s market cap?
Currently, no data Available
When is Avidity Biosciences Inc’s upcoming earnings report date?
Avidity Biosciences Inc’s upcoming earnings report date is Nov 05, 2024 which is in 48 days.
How were Avidity Biosciences Inc’s earnings last quarter?
Avidity Biosciences Inc released its earnings results on Aug 09, 2024. The company reported -$0.65 earnings per share for the quarter, beating the consensus estimate of -$0.756 by $0.106.
Is Avidity Biosciences Inc overvalued?
According to Wall Street analysts Avidity Biosciences Inc’s price is currently Undervalued.
Does Avidity Biosciences Inc pay dividends?
Avidity Biosciences Inc does not currently pay dividends.
What is Avidity Biosciences Inc’s EPS estimate?
Avidity Biosciences Inc’s EPS estimate is -$0.73.
How many shares outstanding does Avidity Biosciences Inc have?
Avidity Biosciences Inc has 117,121,400 shares outstanding.
What happened to Avidity Biosciences Inc’s price movement after its last earnings report?
Avidity Biosciences Inc reported an EPS of -$0.65 in its last earnings report, beating expectations of -$0.756. Following the earnings report the stock price went down -5.261%.
Which hedge fund is a major shareholder of Avidity Biosciences Inc?
Among the largest hedge funds holding Avidity Biosciences Inc’s share is RA Capital Management. It holds Avidity Biosciences Inc’s shares valued at 221M.
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Avidity Biosciences Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$64.22 (52.22% Upside)
$64.22 (52.22% Upside)
Blogger Sentiment
Bullish
RNA Sentiment 100%
Sector Average 71%
Sector Average 71%
Hedge Fund Trend
Increased
By 1.6M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▼ 1.0%
Last 30 Days ▲ 14.0%
Last 30 Days ▲ 14.0%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
495.57%
12-Months-Change
Fundamentals
Return on Equity
-28.36%
Trailing 12-Months
Asset Growth
120.61%
Trailing 12-Months
Company Description
Avidity Biosciences Inc
Avidity Biosciences Inc is a bio-technology company. The company develops novel Antibody Oligonucleotide Conjugates therapies designed to overcome the current limitations of oligonucleotide therapies in order to treat a wide range of serious diseases. Its product candidate AOC 1001, is designed to treat a rare monogenic muscle disease.
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RNA Stock 12 Month Forecast
Average Price Target
$64.22
▲(52.22% Upside)
Technical Analysis
Best Analysts Covering RNA
1 Year
1 Year Success Rate
13/19 ratings generated profit
1 Year Average Return
+157.38%
reiterated a buy rating 6 days ago
Copying Yanan Zhu's trades and holding each position for 1 Year would result in 68.42% of your transactions generating a profit, with an average return of +157.38% per trade.
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