At the time of writing, Avadel Pharmaceuticals plc [AVDL] stock is trading at $17.33, down -0.29%. An important factor to consider is whether the stock is rising or falling in short-term value. The AVDL shares have gain 8.38% over the last week, with a monthly amount glided 4.59%, 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.
For the past year, the stock price of Avadel Pharmaceuticals plc fluctuated between $9.50 and $18.85. 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 $17.33 at the most recent close of the market. An investor can expect a potential drop of -38.43% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.38.
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 17.04 points at the first support level, and at 16.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.74, and for the 2nd resistance point, it is at 18.16.
Ratios To Look Out For
It is important to note that Avadel Pharmaceuticals plc [NASDAQ:AVDL] has a current ratio of 3.64. On the other hand, the Quick Ratio is 3.36, and the Cash Ratio is 0.85. Considering the valuation of this stock, the price to sales ratio is 58.89, the price to book ratio is 18.78.
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.
