Avidity Biosciences Inc. (NASDAQ: RNA) on June 21, 2022, started off the session at the price of $13.06, soaring 6.62% from the previous trading day. During the day, the shares moved up to $14.05 and dropped to $13.06 before settling in for the closing price of $12.84. Within the past 52 weeks, RNA’s price has moved between $10.89 and $29.59.
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The company achieved an average annual earnings per share of -39.10%. With a float of $44.13 million, this company’s outstanding shares have now reached $48.25 million.
Let’s determine the extent of company efficiency that accounts for 125 employees. In terms of profitability, gross margin is +93.15, operating margin of -1265.83, and the pretax margin is -1265.38.
Avidity Biosciences Inc. (RNA) Breakdown of a Key Holders of the stock
Observing investor behavior towards Biotechnology industry stocks is more important than anything else. The insider ownership of Avidity Biosciences Inc. is 7.22%, while institutional ownership is 99.50%. The most recent insider transaction that took place on Nov 18, was worth 697,218. In this transaction Chief Scientific Officer of this company sold 25,000 shares at a rate of $27.89, taking the stock ownership to the 1,330 shares. Before that another transaction happened on Aug 04, when Company’s 10% Owner bought 800,000 for $18.00, making the entire transaction worth $14,400,000. This insider now owns 4,795,000 shares in total.
Avidity Biosciences Inc. (RNA) Recent Fiscal highlights
As on 3/30/2022, Multinational firm has announced its last quarter scores, in which it reported -$0.71 earnings per share (EPS) for the period topping the consensus outlook (set at -$0.8) by $0.09. This company achieved a net margin of -1265.38 while generating a return on equity of -34.32. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.8 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -39.10% per share during the next fiscal year.
Avidity Biosciences Inc. (NASDAQ: RNA) Trading Performance Indicators
Avidity Biosciences Inc. (RNA) is currently performing well based on its current performance indicators. A quick ratio of 13.10 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 75.23.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.90, a number that is poised to hit -0.75 in the next quarter and is forecasted to reach -3.46 in one year’s time.
Technical Analysis of Avidity Biosciences Inc. (RNA)
Looking closely at Avidity Biosciences Inc. (NASDAQ: RNA), its last 5-days average volume was 0.91 million, which is a jump from its year-to-date volume of 0.29 million. As of the previous 9 days, the stock’s Stochastic %D was 68.09%. Additionally, its Average True Range was 1.20.
During the past 100 days, Avidity Biosciences Inc.’s (RNA) raw stochastic average was set at 26.82%, which indicates a significant decrease from 82.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 82.84% in the past 14 days, which was higher than the 80.57% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.40, while its 200-day Moving Average is $19.21. However, in the short run, Avidity Biosciences Inc.’s stock first resistance to watch stands at $14.14. Second resistance stands at $14.59. The third major resistance level sits at $15.13. If the price goes on to break the first support level at $13.15, it is likely to go to the next support level at $12.61. Now, if the price goes above the second support level, the third support stands at $12.16.
Avidity Biosciences Inc. (NASDAQ: RNA) Key Stats
Market capitalization of the company is 631.93 million based on 49,763K outstanding shares. Right now, sales total 9,330 K and income totals -118,010 K. The company made 1,800 K in profit during its latest quarter, and -34,240 K in sales during its previous quarter.
