Avadel Pharmaceuticals plc [AVDL] stock prices are up 6.32% to $17.00 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AVDL shares have lost -0.76% over the last week, with a monthly amount glided 5.59%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Avadel Pharmaceuticals plc [NASDAQ: AVDL] stock has seen the most recent analyst activity on March 05, 2024, when Oppenheimer reiterated its Outperform rating and also boosted its price target to $29 from $27. Previously, Needham reaffirmed its Buy rating on March 05, 2024, and elevated its price target to $22. On March 05, 2024, H.C. Wainwright reiterated its Buy rating and revised its price target to $25 on the stock. UBS started tracking the stock assigning a Buy rating and suggested a price target of $21 on February 06, 2024. Jefferies upgraded its rating to a Buy and raised its price target to $11 on November 30, 2022. Jefferies downgraded its rating to Hold for this stock on August 10, 2022, and upped its price target to $8.
The stock price of Avadel Pharmaceuticals plc [AVDL] has been fluctuating between $9.50 and $17.47 over the past year. Currently, Wall Street analysts expect the stock to reach $10.67 within the next 12 months. Avadel Pharmaceuticals plc [NASDAQ: AVDL] shares were valued at $17.00 at the most recent close of the market. An investor can expect a potential drop of -37.24% based on the average AVDL price forecast.
Analyzing the AVDL fundamentals
Gross Profit Margin for this corporation currently stands at 0.95% with Operating Profit Margin at -4.93%, Pretax Profit Margin comes in at -5.75%, and Net Profit Margin reading is -5.73%. To continue investigating profitability, this company’s Return on Assets is posted at -0.61, Equity is -2.12 and Total Capital is -0.61. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.38.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.82 points at the first support level, and at 14.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.09, and for the 2nd resistance point, it is at 19.19.
Ratios To Look Out For
It’s worth pointing out that Avadel Pharmaceuticals plc [NASDAQ:AVDL]’s Current Ratio is 3.64. In addition, the Quick Ratio stands at 3.36 and the Cash Ratio stands at 0.85. Considering the valuation of this stock, the price to sales ratio is 62.34, the price to book ratio is 20.35.
Transactions by insiders
Recent insider trading involved MCHUGH THOMAS S, Chief Financial Officer, that happened on Jan 16 ’24 when 2000.0 shares were purchased. Director, McCamish Mark Anthony completed a deal on Dec 28 ’23 to sell 75000.0 shares. Meanwhile, Chief Financial Officer MCHUGH THOMAS S bought 2000.0 shares on Aug 14 ’23.
