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Avenue Therapeutics Inc. (NASDAQ:ATXI) 54.55% Above Its 52-Week Low, But Can It Keep Rising?

In last trading session, Avenue Therapeutics Inc. (NASDAQ:ATXI) saw 43.95 million shares changing hands with its beta currently measuring 0.92. Company’s recent per share price level of $0.44 trading at $0.23 or 105.90% at ring of the bell on the day assigns it a market valuation of $9.95M. That closing price of ATXI’s stock is at a discount of -320.45% from its 52-week high price of $1.85 and is indicating a premium of 54.55% from its 52-week low price of $0.20. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 12.2 million shares which gives us an average trading volume of 1.43 million if we extend that period to 3-months.

For Avenue Therapeutics Inc. (ATXI), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0 in the current quarter.

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Avenue Therapeutics Inc. (NASDAQ:ATXI) trade information

Upright in the green during last session for gaining 105.90%, in the last five days ATXI remained trading in the green while hitting it’s week-highest on Thursday, 09/22/22 when the stock touched $0.44 price level, adding 20.0% to its value on the day. Avenue Therapeutics Inc.’s shares saw a change of -51.54% in year-to-date performance and have moved 64.79% in past 5-day. Avenue Therapeutics Inc. (NASDAQ:ATXI) showed a performance of 70.41% in past 30-days. Number of shares sold short was 30100.0 shares which calculate 0.08 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $12.00 to the stock, which implies a rise of 96.33% to its current value. Analysts have been projecting $12.00 as a low price target for the stock while placing it at a high target of $12.00. It follows that stock’s current price would drop -2627.27% in reaching the projected high whereas dropping to the targeted low would mean a loss of -2627.27% for stock’s current value.

Avenue Therapeutics Inc. (ATXI) estimates and forecasts

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 10.40% during past 5 years.

ATXI Dividends

Avenue Therapeutics Inc. is more likely to be releasing its next quarterly report on August 14 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Avenue Therapeutics Inc. (NASDAQ:ATXI)’s Major holders

Insiders are in possession of 51.45% of company’s total shares while institution are holding 4.77 percent of that, with stock having share float percentage of 9.82%. Investors also watch the number of corporate investors in a company very closely, which is 4.77% institutions for Avenue Therapeutics Inc. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at ATXI for having 0.45 million shares of worth $0.22 million. And as of Mar 30, 2022, it was holding 2.08% of the company’s outstanding shares.

The second largest institutional holder is Citadel Advisors Llc, which was holding about 0.12 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 0.54% of outstanding shares, having a total worth of $56660.0.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Mar 30, 2022, the former fund manager was holding 0.31 million shares of worth $0.15 million or 1.45% of the total outstanding shares. The later fund manager was in possession of 0.13 million shares on Mar 30, 2022, making its stake of worth around $60201.0 in the company or a holder of 0.58% of company’s stock.

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