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The price of Avidity Biosciences Inc (NASDAQ: RNA) closed at $46.70 in the last session, down -0.02% from day before closing price of $46.71. In other words, the price has decreased by -$0.02 from its previous closing price. On the day, 0.5 million shares were traded. RNA stock price reached its highest trading level at $47.22 during the session, while it also had its lowest trading level at $45.2.
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 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:
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 Oct 07 ’24 when Thompson Tamar sold 30,000 shares for $44.98 per share. The transaction valued at 1,349,259 led to the insider holds 0 shares of the business.
Thompson Tamar bought 30,000 shares of RNA for $1,419,000 on Oct 07 ’24. On Oct 01 ’24, another insider, Flanagan W. Michael, who serves as the CSTO of the company, sold 62,500 shares for $47.62 each. As a result, the insider received 2,976,112 and left with 85,389 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 5520827392 and an Enterprise Value of 3837061120. For the stock, the TTM Price-to-Sale (P/S) ratio is 515.99 while its Price-to-Book (P/B) ratio in mrq is 4.18. Its current Enterprise Value per Revenue stands at 362.021 whereas that against EBITDA is -13.574.
Stock Price History:
Over the past 52 weeks, RNA has reached a high of $49.41, while it has fallen to a 52-week low of $4.82. The 50-Day Moving Average of the stock is 6.22%, while the 200-Day Moving Average is calculated to be 54.12%.
Shares Statistics:
According to the various share statistics, RNA traded on average about 1.40M shares per day over the past 3-months and 832560 shares per day over the past 10 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 93.22% stake in the company. Shares short for RNA as of 1727654400 were 14773809 with a Short Ratio of 10.58, compared to 1724976000 on 10808414. Therefore, it implies a Short% of Shares Outstanding of 14773809 and a Short% of Float of 15.45.
