At the time of writing, Avidity Biosciences Inc [RNA] stock is trading at $48.94, up 4.80%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The RNA shares have gain 6.95% over the last week, with a monthly amount glided 16.00%, and seem to be holding up well over a long-time horizon.
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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.
For the past year, the stock price of Avidity Biosciences Inc fluctuated 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 $48.94 at the most recent close of the market. An investor can expect a potential return of 11.36% based on the average RNA price forecast.
Analyzing the RNA fundamentals
According to Avidity Biosciences Inc [NASDAQ:RNA], the company’s sales were 10.60M for trailing twelve months, which represents an -11.70% plunge. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
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 47.11 points at the first support level, and at 45.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 50.19, and for the 2nd resistance point, it is at 51.43.
Ratios To Look Out For
It is important to note that Avidity Biosciences Inc [NASDAQ:RNA] has a current ratio of 15.78. Also, the Quick Ratio is 15.78, while the Cash Ratio stands at 6.84. Considering the valuation of this stock, the price to sales ratio is 540.74, the price to book ratio is 4.38.
Transactions by insiders
Recent insider trading involved LEVIN ARTHUR A, Officer, that happened on Oct 16 ’24 when 22500.0 shares were purchased. Director, Thompson Tamar completed a deal on Oct 07 ’24 to sell 30000.0 shares. Meanwhile, Officer Thompson Tamar bought 30000.0 shares on Oct 07 ’24.
