Avidity Biosciences Inc's fundamentals are relatively healthy, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 78 out of 157 in the Pharmaceuticals industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Hold, with the highest price target at 72.62.In the medium term, the stock price is expected to trend down.Despite a weak stock market performance over the past month, the company shows strong technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of Avidity Biosciences Inc is 5.91, ranking 147 out of 157 in the Pharmaceuticals industry. Its financial status is stable, and its operating efficiency is low. Its latest quarterly revenue reached 859.00K, representing a year-over-year decrease of 71.11%, while its net profit experienced a year-over-year decrease of 71.51%.
Key Metrics
The current valuation score of Avidity Biosciences Inc is 6.74, ranking 113 out of 157 in the Pharmaceuticals industry. Its current P/E ratio is -4.57, which is -64.45% below the recent high of -1.63 and -329.90% above the recent low of -19.66.
The current earnings forecast score of Avidity Biosciences Inc is 6.43, ranking 130 out of 157 in the Pharmaceuticals industry. The average price target is 72.00, with a high of 96.00 and a low of 65.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of Avidity Biosciences Inc is 7.14, ranking 33 out of 157 in the Pharmaceuticals industry. Currently, the stock price is trading between the resistance level at 16.02 and the support level at 11.20, making it suitable for range-bound swing trading.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
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The current institutional shareholding score of Avidity Biosciences Inc is 10.00, ranking 1 out of 157 in the Pharmaceuticals industry. The latest institutional shareholding proportion is 98.84%, representing a quarter-over-quarter decrease of 1.03%. The largest institutional shareholder is The Vanguard, holding a total of 772.16K shares, representing 4.51% of shares outstanding, with 41.04% decrease in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Pharmaceuticals domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Avidity Biosciences Inc is 4.87, ranking 79 out of 157 in the Pharmaceuticals industry. The company's beta value is 0.00. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets. with an industry-leading ESG disclosure.
