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Avidity Biosciences Inc (RNA)
NASDAQ:RNA
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RNA Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$5.68 - $56.00
Previous Close$42.18
Volume2.00M
Average Volume (3M)1.30M
Market Cap
$5.03B
Enterprise Value$3.45B
Total Cash (Recent Filing)$1.59B
Total Debt (Recent Filing)$7.60M
Price to Earnings (P/E)―
Beta1.57
Next Earnings
Mar 04, 2025EPS Estimate
-$0.76Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-2.90
Shares Outstanding119,309,317
10 Day Avg. Volume1,445,179
30 Day Avg. Volume1,299,001
Standard Deviation0.23
R-Squared0.04
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)3.35
Price to Sales (P/S)589.29
Price to Cash Flow (P/CF)-22.70
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue341.16
Enterprise Value/Gross Profit361.03
Enterprise Value/Ebitda-11.99
Forecast
1Y Price Target
$66.40Price Target Upside57.42% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
Avidity Biosciences News
PremiumCompany Announcements
Avidity Biosciences Unveils Advances in Cardiology Research
PremiumCompany Announcements
Avidity Biosciences Reports Strong Q3 Progress and OutlookBulls Say, Bears Say
Bulls Say
Drug Development And PipelineThe company announced two new lead candidates for cardiomyopathies using its innovative AOC technology, indicating advancement in its drug development pipeline.
Financial PositionRNA reported a strong cash position of approximately $1.6 billion, higher due to upsized public offerings.
Technological AdvancementsThe next-generation technology innovations provide up to a 30-fold increase in siRNA delivery compared to current generation AOCs, showcasing significant technological advancements.
Bears Say
Clinical TrialsMinimal information has been shared thus far about the novel DUX4 regulated endpoint.
Financial PerformanceRNA reported a net loss of $80.4 million for the third quarter.
Safety ConcernsIn Sep 2022, del-desiran Ph1/2 MARINA was placed on partial clinical hold due to treatment-related SAE of bilateral stroke in 1 patient in 4mg/kg cohort.
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Risk Analysis
Main Risk Category
Tech & InnovationRisks related to the company’s reliance on technology and ability to make innovative products
RNA FAQ
What was Avidity Biosciences Inc’s price range in the past 12 months?
Avidity Biosciences Inc lowest stock price was $5.68 and its highest was $56.00 in the past 12 months.
What is Avidity Biosciences Inc’s market cap?
Currently, no data Available
When is Avidity Biosciences Inc’s upcoming earnings report date?
Avidity Biosciences Inc’s upcoming earnings report date is Mar 04, 2025 which is in 107 days.
How were Avidity Biosciences Inc’s earnings last quarter?
Avidity Biosciences Inc released its earnings results on Nov 07, 2024. The company reported -$0.65 earnings per share for the quarter, beating the consensus estimate of -$0.711 by $0.061.
Is Avidity Biosciences Inc overvalued?
According to Wall Street analysts Avidity Biosciences Inc’s price is currently Undervalued.
Does Avidity Biosciences Inc pay dividends?
Avidity Biosciences Inc does not currently pay dividends.
What is Avidity Biosciences Inc’s EPS estimate?
Avidity Biosciences Inc’s EPS estimate is -$0.76.
How many shares outstanding does Avidity Biosciences Inc have?
Avidity Biosciences Inc has 119,309,320 shares outstanding.
What happened to Avidity Biosciences Inc’s price movement after its last earnings report?
Avidity Biosciences Inc reported an EPS of -$0.65 in its last earnings report, beating expectations of -$0.711. Following the earnings report the stock price went down -1.663%.
Which hedge fund is a major shareholder of Avidity Biosciences Inc?
Among the largest hedge funds holding Avidity Biosciences Inc’s share is RA Capital Management. It holds Avidity Biosciences Inc’s shares valued at 221M.
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Avidity Biosciences Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$66.40 (57.42% Upside)
$66.40 (57.42% Upside)
Blogger Sentiment
Bullish
RNA Sentiment 100%
Sector Average 73%
Sector Average 73%
Hedge Fund Trend
Increased
By 1.6M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.3M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 2.8%
Last 30 Days ▲ 5.4%
Last 30 Days ▲ 5.4%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
577.04%
12-Months-Change
Fundamentals
Return on Equity
-27.76%
Trailing 12-Months
Asset Growth
186.27%
Trailing 12-Months
Company Description
Avidity Biosciences Inc
Avidity Biosciences Inc is a bio-technology company. The company develops novel Antibody Oligonucleotide Conjugates therapies designed to overcome the current limitations of oligonucleotide therapies in order to treat a wide range of serious diseases. Its product candidate AOC 1001, is designed to treat a rare monogenic muscle disease.
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RNA Stock 12 Month Forecast
Average Price Target
$66.40
▲(57.42% Upside)
Technical Analysis
Scholar Rock Holding
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Fulcrum Therapeutics
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Seres Therapeutics
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Bolt Biotherapeutics
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Best Analysts Covering RNA
1 Year
1 Year Success Rate
13/20 ratings generated profit
1 Year Average Return
+167.86%
reiterated a buy rating 18 days ago
Copying Yanan Zhu's trades and holding each position for 1 Year would result in 65.00% of your transactions generating a profit, with an average return of +167.86% per trade.
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