Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
After finishing at $32.28 in the prior trading day, Avidity Biosciences Inc (NASDAQ: RNA) closed at $26.26, down -18.65%. In other words, the price has decreased by -$18.65 from its previous closing price. On the day, 4.2 million shares were traded.
Ratios:
Our goal is to gain a better understanding of RNA by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 15.73 and its Current Ratio is at 15.73. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
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, Citigroup on March 13, 2025, initiated with a Buy rating and assigned the stock a target price of $70.
On March 12, 2025, BMO Capital Markets started tracking the stock assigning a Outperform rating and target price of $72.
On March 07, 2025, Scotiabank started tracking the stock assigning a Sector Outperform rating and target price of $70.Scotiabank initiated its Sector Outperform rating on March 07, 2025, with a $70 target price.
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 May 01 ’25 when Gallagher Kathleen P. sold 5,875 shares for $32.40 per share. The transaction valued at 190,324 led to the insider holds 50,554 shares of the business.
KATHLEEN GALLAGHER bought 5,875 shares of RNA for $191,819 on May 01 ’25. On Apr 01 ’25, another insider, Gallagher Kathleen P., who serves as the Chief Program Officer of the company, sold 5,875 shares for $27.83 each. As a result, the insider received 163,486 and left with 50,554 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 289.61 while its Price-to-Book (P/B) ratio in mrq is 2.21.
Stock Price History:
Over the past 52 weeks, RNA has reached a high of $56.00, while it has fallen to a 52-week low of $21.51. The 50-Day Moving Average of the stock is -11.40%, while the 200-Day Moving Average is calculated to be -29.81%.
Shares Statistics:
A total of 119.89M shares are outstanding, with a floating share count of 111.14M. Insiders hold about 7.55% of the company’s shares, while institutions hold 104.25% stake in the company.
Earnings Estimates
The performance of Avidity Biosciences Inc (RNA) in the stock market is under the watchful eye of 11.0 analysts actively contributing to its current rating.The consensus estimate for the next quarter is -$0.92, with high estimates of -$0.57 and low estimates of -$1.18.
Analysts are recommending an EPS of between -$2.38 and -$4.99 for the fiscal current year, implying an average EPS of -$3.82. EPS for the following year is -$4.3, with 13.0 analysts recommending between -$2.34 and -$5.77.
