In last trading session, Avidity Biosciences Inc (NASDAQ:RNA) saw 0.45 million shares changing hands with its beta currently measuring 0.90. Company’s recent per share price level of $45.18 trading at $1.85 or 4.27% at ring of the bell on the day assigns it a market valuation of $5.39B. That closing price of RNA’s stock is at a discount of -23.95% from its 52-week high price of $56.00 and is indicating a premium of 85.39% from its 52-week low price of $6.60. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.16 million shares which gives us an average trading volume of 1.23 million if we extend that period to 3-months.
For Avidity Biosciences Inc (RNA), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.08. Splitting up the data highlights that, out of 6 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
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Avidity Biosciences Inc (NASDAQ:RNA) trade information
Upright in the green during last session for gaining 4.27%, in the last five days RNA remained trading in the green while hitting it’s week-highest on Tuesday, 11/26/24 when the stock touched $45.18 price level, adding 1.74% to its value on the day. Avidity Biosciences Inc’s shares saw a change of 399.23% in year-to-date performance and have moved 6.16% in past 5-day. Avidity Biosciences Inc (NASDAQ:RNA) showed a performance of 4.53% in past 30-days. Number of shares sold short was 14.52 million shares which calculate 13.94 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 54.5 to the stock, which implies a rise of 17.1% to its current value. Analysts have been projecting 50 as a low price target for the stock while placing it at a high target of 59. It follows that stock’s current price would drop -10.67% in reaching the projected high whereas dropping to the targeted low would mean a loss of -10.67% for stock’s current value.
Avidity Biosciences Inc (RNA) estimates and forecasts
Statistics highlight that Avidity Biosciences Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 68.21% of value to its shares in past 6 months, showing an annual growth rate of 2.41% while that of industry is 17.70. 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 -57.60% during past 5 years.
Avidity Biosciences Inc (NASDAQ:RNA)’s Major holders
Insiders are in possession of 4.83% of company’s total shares while institution are holding 106.23 percent of that, with stock having share float percentage of 111.62%. Investors also watch the number of corporate investors in a company very closely, which is 106.23% institutions for Avidity Biosciences Inc that are currently holding shares of the company. FMR LLC is the top institutional holder at RNA for having 16.16 million shares of worth $660.1 million. And as of 2024-06-30, it was holding 18.5285 of the company’s outstanding shares.
The second largest institutional holder is PRICE T ROWE ASSOCIATES INC /MD/, which was holding about 10.92 million shares on 2024-06-30. The number of shares represents firm’s hold over 12.5173 of outstanding shares, having a total worth of $445.94 million.
On the other hand, Price (T.Rowe) New Horizons Fund and Fidelity Growth Company Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 4.31 shares of worth $185.5 million or 3.61% of the total outstanding shares. The later fund manager was in possession of 3.52 shares on Sep 30, 2024 , making its stake of worth around $151.61 million in the company or a holder of 2.95% of company’s stock.
