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The closing price of Avidity Biosciences Inc (NASDAQ: RNA) was $46.71 for the day, down -7.41% from the previous closing price of $50.45. In other words, the price has decreased by -$7.41 from its previous closing price. On the day, 1.17 million shares were traded. RNA stock price reached its highest trading level at $50.4 during the session, while it also had its lowest trading level at $45.83.
Ratios:
Our analysis of RNA’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 15.78 and its Current Ratio is at 15.78. In the meantime, Its Debt-to-Equity ratio is 0.01 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, Goldman on September 24, 2024, initiated with a Buy rating and assigned the stock a target price of $59.
On August 28, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $63.
On May 03, 2024, BofA Securities started tracking the stock assigning a Buy rating and target price of $40.BofA Securities initiated its Buy rating on May 03, 2024, with a $40 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Oct 21 ’24 when ARTHUR A LEVIN bought 8,323 shares for $50.45 per share.
McCarthy Teresa sold 25,000 shares of RNA for $1,213,010 on Oct 16 ’24. The Chief Human Resources Officer now owns 94,018 shares after completing the transaction at $48.52 per share. On Oct 16 ’24, another insider, LEVIN ARTHUR A, who serves as the Officer of the company, bought 22,500 shares for $46.60 each.
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 5522009600 and an Enterprise Value of 4248816384. For the stock, the TTM Price-to-Sale (P/S) ratio is 516.10 while its Price-to-Book (P/B) ratio in mrq is 4.18. Its current Enterprise Value per Revenue stands at 400.87 whereas that against EBITDA is -15.031.
Stock Price History:
Over the past 52 weeks, RNA has reached a high of $50.78, while it has fallen to a 52-week low of $4.82. The 50-Day Moving Average of the stock is 5.25%, while the 200-Day Moving Average is calculated to be 50.26%.
Shares Statistics:
RNA traded an average of 1.35M shares per day over the past three months and 818250 shares per day over the past ten days. A total of 117.12M shares are outstanding, with a floating share count of 108.62M. Insiders hold about 7.26% of the company’s shares, while institutions hold 93.23% stake in the company. Shares short for RNA as of 1727654400 were 14773809 with a Short Ratio of 10.95, compared to 1724976000 on 10808414. Therefore, it implies a Short% of Shares Outstanding of 14773809 and a Short% of Float of 15.45.
