After finishing at $16.13 in the prior trading day, Avadel Pharmaceuticals plc ADR (NASDAQ: AVDL) closed at $15.81, down -1.98%. In other words, the price has decreased by -$0.32 from its previous closing price. On the day, 2090828 shares were traded.
Ratios:
Our goal is to gain a better understanding of AVDL by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.36 and its Current Ratio is at 3.64. In the meantime, Its Debt-to-Equity ratio is 0.40 whereas as Long-Term Debt/Eq ratio is at 0.39.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Oppenheimer on March 05, 2024, Reiterated its Outperform rating but revised its target price to $29 from $27 previously.
On March 05, 2024, Needham reiterated its Buy rating and also lowered its target price recommendation from $20 to $22.
H.C. Wainwright reiterated its Buy rating for the stock on March 05, 2024, while the target price for the stock was revised from $21 to $25.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 16 when MCHUGH THOMAS S bought 2,000 shares for $14.50 per share. The transaction valued at 29,000 led to the insider holds 80,500 shares of the business.
McCamish Mark Anthony sold 75,000 shares of AVDL for $1,089,750 on Dec 28. The Director now owns 67,025 shares after completing the transaction at $14.53 per share. On Aug 14, another insider, MCHUGH THOMAS S, who serves as the Chief Financial Officer of the company, bought 2,000 shares for $14.45 each. As a result, the insider paid 28,900 and bolstered with 78,500 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, AVDL now has a Market Capitalization of 1.43B and an Enterprise Value of 1.33B. For the stock, the TTM Price-to-Sale (P/S) ratio is 50.79 while its Price-to-Book (P/B) ratio in mrq is 17.13. Its current Enterprise Value per Revenue stands at 156.24 whereas that against EBITDA is -9.10.
Stock Price History:
Over the past 52 weeks, AVDL has reached a high of $17.24, while it has fallen to a 52-week low of $8.00. The 50-Day Moving Average of the stock is 14.26, while the 200-Day Moving Average is calculated to be 13.23.
Shares Statistics:
The stock has traded on average 1.25M shares per day over the past 3-months and 2.57M shares per day over the last 10 days, according to various share statistics. A total of 89.83M shares are outstanding, with a floating share count of 83.58M. Insiders hold about 6.95% of the company’s shares, while institutions hold 56.16% stake in the company. Shares short for AVDL as of Feb 15, 2024 were 8.86M with a Short Ratio of 7.07, compared to 6.52M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.87% and a Short% of Float of 9.95%.
Earnings Estimates
Its stock is currently analyzed by 7 different market analysts. On average, analysts expect EPS of -$0.22 for the current quarter, with a high estimate of -$0.02 and a low estimate of -$0.34, while EPS last year was -$0.48. The consensus estimate for the next quarter is -$0.13, with high estimates of -$0.02 and low estimates of -$0.17.
Analysts are recommending an EPS of between -$0.07 and -$1.02 for the fiscal current year, implying an average EPS of -$0.46. EPS for the following year is $1.18, with 6 analysts recommending between $2.45 and $0.26.
Revenue Estimates
A total of 9 analysts have provided revenue estimates for AVDL’s current fiscal year. The highest revenue estimate was $176.8M, while the lowest revenue estimate was $146.5M, resulting in an average revenue estimate of $159.71M. In the same quarter a year ago, actual revenue was $27.96M, up 471.10% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $307.82M in the next fiscal year. The high estimate is $368.5M and the low estimate is $240M. The average revenue growth estimate for next year is up 92.70% from the average revenue estimate for this year.
