A share price of Avidity Biosciences Inc [RNA] is currently trading at $47.30, up 0.53%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The RNA shares have gain 11.74% over the last week, with a monthly amount glided 16.05%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Avidity Biosciences Inc [NASDAQ: RNA] stock has seen the most recent analyst activity on September 24, 2024, when Goldman initiated its Buy rating and assigned the stock a price target of $59. Previously, Barclays started tracking the stock with Overweight rating on August 28, 2024, and set its price target to $63. On May 03, 2024, BofA Securities initiated with a Buy rating and assigned a price target of $40 on the stock. Cantor Fitzgerald started tracking the stock assigning a Overweight rating and suggested a price target of $60 on March 14, 2024. Evercore ISI upgraded its rating to a Outperform but $20 remained the price target by the analyst firm on May 22, 2023. Evercore ISI downgraded its rating to In-line for this stock on March 31, 2023, but kept the price target unchanged to $20. In a note dated July 20, 2022, Chardan Capital Markets initiated an Buy rating and provided a target price of $29 on this stock.
Avidity Biosciences Inc experienced fluctuations in its stock price throughout the past year between $4.82 and $49.41. Currently, Wall Street analysts expect the stock to reach $54.5 within the next 12 months. Avidity Biosciences Inc [NASDAQ: RNA] shares were valued at $47.30 at the most recent close of the market. An investor can expect a potential return of 15.22% based on the average RNA price forecast.
Analyzing the RNA fundamentals
Trailing Twelve Months sales for Avidity Biosciences Inc [NASDAQ:RNA] were 10.60M which represents -11.70% decline. Gross Profit Margin for this corporation currently stands at 0.69% with Operating Profit Margin at -26.91%, Pretax Profit Margin comes in at -23.82%, and Net Profit Margin reading is -23.82%. To continue investigating profitability, this company’s Return on Assets is posted at -0.19, Equity is -0.33 and Total Capital is -0.23. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
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 46.72 points at the first support level, and at 46.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 48.25, and for the 2nd resistance point, it is at 49.19.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Avidity Biosciences Inc [NASDAQ:RNA] is 15.78. Further, the Quick Ratio stands at 15.78, while the Cash Ratio is 6.84. Considering the valuation of this stock, the price to sales ratio is 522.62, the price to book ratio is 4.23.
Transactions by insiders
Recent insider trading involved Flanagan W. Michael, CSTO, that happened on Oct 01 ’24 when 62500.0 shares were sold. Officer, WILLIAM MICHAEL FLANAGAN completed a deal on Oct 01 ’24 to buy 38018.0 shares. Meanwhile, Chief Human Resources Officer McCarthy Teresa sold 13153.0 shares on Sep 23 ’24.
