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The price of Avidity Biosciences Inc (NASDAQ: RNA) closed at $44.72 in the last session, up 0.16% from day before closing price of $44.65. In other words, the price has increased by $0.16 from its previous closing price. On the day, 1.41 million shares were traded. RNA stock price reached its highest trading level at $46.56 during the session, while it also had its lowest trading level at $44.09.
Ratios:
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 12.47 and its Current Ratio is at 12.47. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
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, BofA Securities on May 03, 2024, initiated with a Buy rating and assigned the stock a target price of $40.
On March 14, 2024, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $60.
Evercore ISI Upgraded its In-line to Outperform on May 22, 2023, while the target price for the stock was maintained at $20.
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 Jul 19 ’24 when LEVIN ARTHUR A sold 5,000 shares for $45.01 per share. The transaction valued at 225,069 led to the insider holds 14,830 shares of the business.
Boyce Sarah sold 28,000 shares of RNA for $1,118,082 on Jul 09 ’24. The President and CEO now owns 205,043 shares after completing the transaction at $39.93 per share. On Jun 20 ’24, another insider, LEVIN ARTHUR A, who serves as the Director of the company, sold 5,000 shares for $37.59 each. As a result, the insider received 187,950 and left with 14,830 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 4819429888 and an Enterprise Value of 3370149376. For the stock, the TTM Price-to-Sale (P/S) ratio is 393.47 while its Price-to-Book (P/B) ratio in mrq is 5.14. Its current Enterprise Value per Revenue stands at 310.041 whereas that against EBITDA is -13.329.
Stock Price History:
Over the past 52 weeks, RNA has reached a high of $47.05, while it has fallen to a 52-week low of $4.82. The 50-Day Moving Average of the stock is 25.09%, while the 200-Day Moving Average is calculated to be 129.82%.
Shares Statistics:
According to the various share statistics, RNA traded on average about 1.55M shares per day over the past 3-months and 1354980 shares per day over the past 10 days. A total of 95.64M shares are outstanding, with a floating share count of 86.51M. Insiders hold about 9.54% of the company’s shares, while institutions hold 91.74% stake in the company. Shares short for RNA as of 1721001600 were 12906004 with a Short Ratio of 8.32, compared to 1718323200 on 11266033. Therefore, it implies a Short% of Shares Outstanding of 12906004 and a Short% of Float of 15.15.
