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The price of Avadel Pharmaceuticals plc (NASDAQ: AVDL) closed at $11.22 in the last session, down -3.77% from day before closing price of $11.66. In other words, the price has decreased by -$3.77 from its previous closing price. On the day, 2.06 million shares were traded. AVDL stock price reached its highest trading level at $11.82 during the session, while it also had its lowest trading level at $11.2.
Ratios:
We take a closer look at AVDL’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.60 and its Current Ratio is at 2.97. In the meantime, Its Debt-to-Equity ratio is 0.49 whereas as Long-Term Debt/Eq ratio is at 0.48.
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, Rodman & Renshaw on June 12, 2024, initiated with a Buy rating and assigned the stock a target price of $27.
On March 05, 2024, Oppenheimer reiterated its Outperform rating and also lowered its target price recommendation from $27 to $29.
Needham reiterated its Buy rating for the stock on March 05, 2024, while the target price for the stock was revised from $20 to $22.
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 Jan 16 ’24 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 ’23. The Director now owns 67,025 shares after completing the transaction at $14.53 per share.
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 1123570816 and an Enterprise Value of 1053623360. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.83 while its Price-to-Book (P/B) ratio in mrq is 14.48. Its current Enterprise Value per Revenue stands at 7.626 whereas that against EBITDA is -16.992.
Stock Price History:
Over the past 52 weeks, AVDL has reached a high of $19.09, while it has fallen to a 52-week low of $10.41. The 50-Day Moving Average of the stock is -14.64%, while the 200-Day Moving Average is calculated to be -25.80%.
Shares Statistics:
According to the various share statistics, AVDL traded on average about 1.14M shares per day over the past 3-months and 2217020 shares per day over the past 10 days. A total of 89.83M shares are outstanding, with a floating share count of 88.18M. Insiders hold about 8.49% of the company’s shares, while institutions hold 74.67% stake in the company. Shares short for AVDL as of 1730332800 were 9448235 with a Short Ratio of 8.26, compared to 1727654400 on 10966052. Therefore, it implies a Short% of Shares Outstanding of 9448235 and a Short% of Float of 11.219999999999999.
