The stock price of Arbutus Biopharma Corp (NASDAQ: ABUS) has jumped by 0.32 compared to previous close of 3.13. Despite this, the company has seen a gain of 4.32% in its stock price over the last five trading days. globenewswire.com reported 2024-06-06 that Data highlighted in oral presentation at the European Association for the Study of the Liver (EASL) Congress
Is It Worth Investing in Arbutus Biopharma Corp (NASDAQ: ABUS) Right Now?
Company’s 36-month beta value is 1.96.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for ABUS is 146.65M, and currently, short sellers hold a 3.66% ratio of that floaft. The average trading volume of ABUS on July 04, 2024 was 1.37M shares.
ABUS’s Market Performance
ABUS’s stock has seen a 4.32% increase for the week, with a -8.19% drop in the past month and a 7.53% gain in the past quarter. The volatility ratio for the week is 3.69%, and the volatility levels for the past 30 days are at 3.93% for Arbutus Biopharma Corp The simple moving average for the last 20 days is -0.35% for ABUS’s stock, with a simple moving average of 26.00% for the last 200 days.
Analysts’ Opinion of ABUS
Many brokerage firms have already submitted their reports for ABUS stocks, with Jefferies repeating the rating for ABUS by listing it as a “Buy.” The predicted price for ABUS in the upcoming period, according to Jefferies is $5 based on the research report published on February 02, 2022 of the previous year 2022.
Jefferies, on the other hand, stated in their research note that they expect to see ABUS reach a price target of $5. The rating they have provided for ABUS stocks is “Hold” according to the report published on February 25th, 2021.
H.C. Wainwright gave a rating of “Buy” to ABUS, setting the target price at $10 in the report published on December 17th of the previous year.
ABUS Trading at 3.29% from the 50-Day Moving Average
After a stumble in the market that brought ABUS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.74% of loss for the given period.
Volatility was left at 3.93%, however, over the last 30 days, the volatility rate increased by 3.69%, as shares sank -5.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.70% upper at present.
During the last 5 trading sessions, ABUS rose by +4.98%, which changed the moving average for the period of 200-days by +54.90% in comparison to the 20-day moving average, which settled at $3.14. In addition, Arbutus Biopharma Corp saw 25.60% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ABUS starting from McElhaugh Michael J., who sale 10,164 shares at the price of $2.31 back on Feb 02 ’24. After this action, McElhaugh Michael J. now owns 1,504,793 shares of Arbutus Biopharma Corp, valued at $23,504 using the latest closing price.
Sofia Michael J., the Chief Scientific Officer of Arbutus Biopharma Corp, sale 9,982 shares at $2.31 during a trade that took place back on Feb 02 ’24, which means that Sofia Michael J. is holding 1,485,121 shares at $23,083 based on the most recent closing price.
Stock Fundamentals for ABUS
Current profitability levels for the company are sitting at:
- -6.13 for the present operating margin
- 0.89 for the gross margin
The net margin for Arbutus Biopharma Corp stands at -5.73. The total capital return value is set at -0.61. Equity return is now at value -57.54, with -43.56 for asset returns.
Based on Arbutus Biopharma Corp (ABUS), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at -11.14. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -373.92.
Currently, EBITDA for the company is -76.63 million with net debt to EBITDA at 0.45. When we switch over and look at the enterprise to sales, we see a ratio of 43.23. The receivables turnover for the company is 4.74for trailing twelve months and the total asset turnover is 0.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.69.
Conclusion
In a nutshell, Arbutus Biopharma Corp (ABUS) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
