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Atea Pharmaceuticals Inc (NASDAQ:AVIR) At $4.26: What To Do?

In last trading session, Atea Pharmaceuticals Inc (NASDAQ:AVIR) saw 0.35 million shares changing hands with its beta currently measuring 0.16. Company’s recent per share price level of $4.26 trading at $0.0 or 0.00% at ring of the bell on the day assigns it a market valuation of $355.45M. That closing price of AVIR’s stock is at a discount of -21.83% from its 52-week high price of $5.19 and is indicating a premium of 34.98% from its 52-week low price of $2.77. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.64 million shares which gives us an average trading volume of 475.69K if we extend that period to 3-months.

Atea Pharmaceuticals Inc (NASDAQ:AVIR) trade information

In the last five days AVIR remained trading in the green while hitting it’s week-highest on Thursday, 02/08/24 when the stock touched $4.26 price level, adding 1.84% to its value on the day. Atea Pharmaceuticals Inc’s shares saw a change of 39.67% in year-to-date performance and have moved 3.40% in past 5-day. Atea Pharmaceuticals Inc (NASDAQ:AVIR) showed a performance of 27.16% in past 30-days. Number of shares sold short was 3.73 million shares which calculate 7.42 days to cover the short interests.

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Atea Pharmaceuticals Inc (AVIR) estimates and forecasts

Statistics highlight that Atea Pharmaceuticals Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 25.66% of value to its shares in past 6 months, showing an annual growth rate of -19.42% while that of industry is 15.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -22.00% in the current quarter and calculating -41.90% decrease in the next quarter.

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 -88.75% during past 5 years.

AVIR Dividends

Atea Pharmaceuticals Inc is more likely to be releasing its next quarterly report between February 26 and March 01 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.

Atea Pharmaceuticals Inc (NASDAQ:AVIR)’s Major holders

Insiders are in possession of 9.27% of company’s total shares while institution are holding 69.32 percent of that, with stock having share float percentage of 76.40%. Investors also watch the number of corporate investors in a company very closely, which is 69.32% institutions for Atea Pharmaceuticals Inc that are currently holding shares of the company. FMR, LLC is the top institutional holder at AVIR for having 8.5 million shares of worth $31.78 million. And as of Jun 29, 2023, it was holding 10.19% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 7.71 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 9.24% of outstanding shares, having a total worth of $28.83 million.

On the other hand, Vanguard Total Stock Market Index Fund and Fidelity Growth Company Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 2.25 million shares of worth $8.43 million or 2.70% of the total outstanding shares. The later fund manager was in possession of 1.99 million shares on Aug 30, 2023, making its stake of worth around $6.69 million in the company or a holder of 2.39% of company’s stock.

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