In last trading session, Avenue Therapeutics Inc (NASDAQ:ATXI) saw 1.22 million shares changing hands with its beta currently measuring -0.27. Company’s recent per share price level of $0.14 trading at -$0.01 or -5.61% at ring of the bell on the day assigns it a market valuation of $6.25M. That closing price of ATXI’s stock is at a discount of -814.29% from its 52-week high price of $1.28 and is indicating a premium of 21.43% from its 52-week low price of $0.11. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.73 million shares which gives us an average trading volume of 1.77 million if we extend that period to 3-months.
Avenue Therapeutics Inc (NASDAQ:ATXI) trade information
Upright in the red during last session for losing -5.61%, in the last five days ATXI remained trading in the red while hitting it’s week-highest on Thursday, 04/11/24 when the stock touched $0.14 price level, adding 9.68% to its value on the day. Avenue Therapeutics Inc’s shares saw a change of -12.30% in year-to-date performance and have moved -3.95% in past 5-day. Avenue Therapeutics Inc (NASDAQ:ATXI) showed a performance of -19.27% in past 30-days. Number of shares sold short was 0.31 million shares which calculate 0.15 days to cover the short interests.
Avenue Therapeutics Inc (ATXI) estimates and forecasts
The company is estimating its revenue growth to increase by 91.10% in the current quarter and calculating 80.80% increase 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 50.07% during past 5 years.
ATXI Dividends
Avenue Therapeutics Inc is more likely to be releasing its next quarterly report in May 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 10.88% of company’s total shares while institution are holding 2.80 percent of that, with stock having share float percentage of 3.14%. Investors also watch the number of corporate investors in a company very closely, which is 2.80% institutions for Avenue Therapeutics Inc that are currently holding shares of the company. Sabby Management, LLC is the top institutional holder at ATXI for having 0.55 million shares of worth $0.65 million. And as of Jun 29, 2023, it was holding 6.17% of the company’s outstanding shares.
The second largest institutional holder is Bank Of New York Mellon Corporation, which was holding about 52986.0 shares on Jun 29, 2023. The number of shares represents firm’s hold over 0.59% of outstanding shares, having a total worth of $61993.0.
On the other hand, Vanguard Extended Market Index Fund and Fidelity Series Total Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 9082.0 shares of worth $10625.0 or 0.10% of the total outstanding shares. The later fund manager was in possession of 6236.0 shares on May 30, 2023, making its stake of worth around $6766.0 in the company or a holder of 0.07% of company’s stock.
