Avidity Biosciences, Inc. is a biopharmaceutical company. The Company is engaged in delivering a new class of ribonucleic acid (RNA) therapeutics called antibody oligonucleotide conjugates (AOCs). The AOCs are designed to combine the specificity of monoclonal antibodies with the precision of oligonucleotide therapies to address targets and diseases previously unreachable with existing RNA therapies. Its advancing and expanding pipeline has three programs in clinical development. AOC 1001 is designed to treat people with myotonic dystrophy type 1 (DM1) and is in phase I/II development with the ongoing MARINA open label extension study (MARINA-OLE). AOC 1044 is designed for people with Duchenne muscular dystrophy and is in phase I/II development with the EXPLORE44 trial. AOC 1020 is designed to treat people living with facioscapulohumeral muscular dystrophy (FSHD) and is in Phase I/II development with the FORTITUDE trial.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 18.14% year-on-year.
Growing
The company is in a growing phase, with the latest annual income totaling USD 10.90M.
High Profit Growth
The company's net income leads the industry, with the latest annual income totaling USD 85.24.
Undervalued
The company’s latest PE is -13.09, at a low 3-year percentile range.
Institutional Selling
The latest institutional holdings are 141.72M shares, decreasing 2.35% quarter-over-quarter.
Held by PRFDX
Star Investor PRFDX holds 10.67M shares of this stock.
Higher Market Activity
The company has more investor interest, with a 20-day turnover ratio of 0.95.