Company’s 36-month beta value is 1.02.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for ADVM is 14.11M, and currently, short sellers hold a 11.56% ratio of that floaft. The average trading volume of ADVM on October 03, 2024 was 267.76K shares.
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ADVM) stock’s latest price update
The stock of Adverum Biotechnologies Inc (NASDAQ: ADVM) has increased by 3.49 when compared to last closing price of 6.59.Despite this, the company has seen a gain of 3.49% in its stock price over the last five trading days. zacks.com reported 2024-10-02 that Tap five stocks with increasing P/E ratios to try out an out-of-the-box approach. These stocks include Adverum Biotechnologies (ADVM), IceCure Medical (ICCM), DarioHealth (DRIO), Energous (WATT) and Virgin Galactic (SPCE).
ADVM’s Market Performance
Adverum Biotechnologies Inc (ADVM) has experienced a 3.49% rise in stock performance for the past week, with a 0.89% rise in the past month, and a -4.35% drop in the past quarter. The volatility ratio for the week is 5.51%, and the volatility levels for the past 30 days are at 5.41% for ADVM. The simple moving average for the last 20 days is -2.47% for ADVM’s stock, with a simple moving average of -34.13% for the last 200 days.
Analysts’ Opinion of ADVM
Many brokerage firms have already submitted their reports for ADVM stocks, with Oppenheimer repeating the rating for ADVM by listing it as a “Outperform.” The predicted price for ADVM in the upcoming period, according to Oppenheimer is $25 based on the research report published on June 25, 2024 of the current year 2024.
H.C. Wainwright, on the other hand, stated in their research note that they expect to see ADVM reach a price target of $30. The rating they have provided for ADVM stocks is “Buy” according to the report published on April 30th, 2024.
Truist gave a rating of “Buy” to ADVM, setting the target price at $4 in the report published on July 07th of the previous year.
ADVM Trading at -3.56% from the 50-Day Moving Average
After a stumble in the market that brought ADVM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -77.04% of loss for the given period.
Volatility was left at 5.41%, however, over the last 30 days, the volatility rate increased by 5.51%, as shares surge +0.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.01% lower at present.
During the last 5 trading sessions, ADVM rose by +3.49%, which changed the moving average for the period of 200-days by -15.59% in comparison to the 20-day moving average, which settled at $7.00. In addition, Adverum Biotechnologies Inc saw -9.40% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ADVM starting from Leonard Braden Michael, who purchase 85,800 shares at the price of $7.15 back on Jul 30 ’24. After this action, Leonard Braden Michael now owns 2,268,064 shares of Adverum Biotechnologies Inc, valued at $613,470 using the latest closing price.
Leonard Braden Michael, the 10% Owner of Adverum Biotechnologies Inc, purchase 135,546 shares at $7.75 during a trade that took place back on Jul 17 ’24, which means that Leonard Braden Michael is holding 2,101,546 shares at $1,049,926 based on the most recent closing price.
Stock Fundamentals for ADVM
Current profitability levels for the company are sitting at:
- 32.7 for the present operating margin
- 2.24 for the gross margin
The net margin for Adverum Biotechnologies Inc stands at 27.74. The total capital return value is set at -0.51. Equity return is now at value -66.76, with -40.33 for asset returns.
Based on Adverum Biotechnologies Inc (ADVM), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at -1.2. The debt to equity ratio resting at 0.44. The interest coverage ratio of the stock is -98.09.
Currently, EBITDA for the company is -118.15 million with net debt to EBITDA at 0.47. When we switch over and look at the enterprise to sales, we see a ratio of -24.56. The receivables turnover for the company is -0.52for trailing twelve months and the total asset turnover is -0.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.99.
Conclusion
In a nutshell, Adverum Biotechnologies Inc (ADVM) has experienced a mixed 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.
