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Avidity Biosciences Inc (NASDAQ:RNA) At $13.35: What To Do?

In last trading session, Avidity Biosciences Inc (NASDAQ:RNA) saw 0.68 million shares changing hands with its beta currently measuring 0.55. Company’s recent per share price level of $13.35 trading at $0.84 or 6.71% at ring of the bell on the day assigns it a market valuation of $989.24M. That closing price of RNA’s stock is at a discount of -92.81% from its 52-week high price of $25.74 and is indicating a premium of 63.9% from its 52-week low price of $4.82. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.11 million shares which gives us an average trading volume of 1.45 million if we extend that period to 3-months.

Avidity Biosciences Inc (NASDAQ:RNA) trade information

Upright in the green during last session for gaining 6.71%, in the last five days RNA remained trading in the green while hitting it’s week-highest on Friday, 02/09/24 when the stock touched $13.35 price level, adding 1.18% to its value on the day. Avidity Biosciences Inc’s shares saw a change of 47.51% in year-to-date performance and have moved 14.79% in past 5-day. Avidity Biosciences Inc (NASDAQ:RNA) showed a performance of 16.90% in past 30-days. Number of shares sold short was 7.34 million shares which calculate 5.73 days to cover the short interests.

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Avidity Biosciences Inc (RNA) estimates and forecasts

Statistics highlight that Avidity Biosciences Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 49.00% of value to its shares in past 6 months, showing an annual growth rate of 20.06% while that of industry is 15.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

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 -82.76% during past 5 years.

RNA Dividends

Avidity Biosciences 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.

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