Avidity Biosciences Inc. (RNA) Moving Averages: 50-Day and 200-Day

The price of Avidity Biosciences Inc. (NASDAQ: RNA) closed at $11.70 in the last session, down -3.15% from day before closing price of $12.08. In other words, the price has decreased by -$0.38 from its previous closing price. On the day, 1058266 shares were traded. RNA stock price reached its highest trading level at $12.53 during the session, while it also had its lowest trading level at $11.68.

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We take a closer look at RNA’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 12.40 and its Current Ratio is at 12.40. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 15 when LEVIN ARTHUR A sold 100 shares for $22.01 per share. The transaction valued at 2,201 led to the insider holds 19,330 shares of the business.

LEVIN ARTHUR A sold 10,000 shares of RNA for $236,567 on Feb 14. The Chief Scientific Officer now owns 19,330 shares after completing the transaction at $23.66 per share. On Feb 03, another insider, Boyce Sarah, who serves as the President and CEO of the company, sold 3,221 shares for $24.26 each. As a result, the insider received 78,141 and left with 53,352 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RNA now has a Market Capitalization of 785.32M and an Enterprise Value of 209.12M. For the stock, the TTM Price-to-Sale (P/S) ratio is 84.40 while its Price-to-Book (P/B) ratio in mrq is 1.47. Its current Enterprise Value per Revenue stands at 21.64 whereas that against EBITDA is -1.07.

Stock Price History:

Over the past 52 weeks, RNA has reached a high of $25.74, while it has fallen to a 52-week low of $9.83. The 50-Day Moving Average of the stock is 15.13, while the 200-Day Moving Average is calculated to be 17.89.

Shares Statistics:

According to the various share statistics, RNA traded on average about 1.37M shares per day over the past 3-months and 1.02M shares per day over the past 10 days. A total of 70.43M shares are outstanding, with a floating share count of 50.87M. Insiders hold about 5.17% of the company’s shares, while institutions hold 99.00% stake in the company. Shares short for RNA as of Apr 27, 2023 were 9.93M with a Short Ratio of 9.93M, compared to 10.91M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 14.02% and a Short% of Float of 14.20%.

Earnings Estimates

The company has Moderna, Inc. analysts who recommend its stock at the moment. The consensus estimate for the next quarter is $1.52, with high estimates of $31.35 and low estimates of $30.77.

EPS for the following year is $Stocks, with Stocks analysts recommending between $Stocks and $ETF.