Avidity Biosciences Stock Price on November 5, 2024
| RNA Stock | USD 32.63 0.71 2.22% |
Below is the normalized historical share price chart for Avidity Biosciences extending back to June 12, 2020. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Avidity Biosciences stands at 32.63, as last reported on the 30th of January, with the highest price reaching 33.07 and the lowest price hitting 31.82 during the day.
If you're considering investing in Avidity Stock, it is important to understand the factors that can impact its price. Avidity Biosciences secures Sharpe Ratio (or Efficiency) of -0.0899, which signifies that the company had a -0.0899 % return per unit of risk over the last 3 months. Avidity Biosciences exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Avidity Biosciences' Standard Deviation of 3.96, mean deviation of 2.81, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide.
At present, Avidity Biosciences' Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Other Stockholder Equity is expected to grow to about 1.3 B, whereas Common Stock is forecasted to decline to 6,840. . At present, Avidity Biosciences' Price Book Value Ratio is projected to increase significantly based on the last few years of reporting. The current year's Price Earnings To Growth Ratio is expected to grow to 0.29, whereas Price To Sales Ratio is forecasted to decline to 75.51. Avidity Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 28th of June 2013 | 200 Day MA 37.8104 | 50 Day MA 35.0176 | Beta 0.908 |
Avidity |
Sharpe Ratio = -0.0899
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | RNA |
Estimated Market Risk
| 4.15 actual daily | 36 64% of assets are more volatile |
Expected Return
| -0.37 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Avidity Biosciences is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Avidity Biosciences by adding Avidity Biosciences to a well-diversified portfolio.
Price Book 2.5332 | Enterprise Value Ebitda (5.72) | Price Sales 376.4301 | Shares Float 99 M | Wall Street Target Price 67.9091 |
Related Headline
Black Diamond Headline on 5th of November 2024
Black Diamond Therapeutics Reports Third Quarter 2024 Financ... by finance.yahoo.com
Announced encouraging initial Phase 2 data of BDTX-1535 in patients with recurrent EGFRm NSCLC with a broad spectrum of classical, non-classical, and C797S resistance mutations in September 2024 Presented real-world treatment practices and patient outcomes in newly diagnosed NSCLC patients with non-classical EGFR mutations at the 2024 ESMO Congress Clinical updates of BDTX-1535 in EGFRm NSCLC and regulatory feedback expected in Q1 2025Cash, cash equivalents, and investments of 112.7 million as
Avidity Biosciences Valuation on November 5, 2024
It is possible to determine the worth of Avidity Biosciences on a given historical date. On November 5, 2024 Avidity was worth 44.82 at the beginning of the trading date compared to the closed value of 45.09. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Avidity Biosciences stock. Still, in general, we apply an absolute valuation method to find Avidity Biosciences' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Avidity Biosciences where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Avidity Biosciences' related companies.
| Open | High | Low | Close | Volume | |
| 41.40 | 45.59 | 41.12 | 44.82 | 1,450,829 | |
11/05/2024 | 44.82 | 45.43 | 43.39 | 45.09 | 764,819 |
| 46.85 | 47.30 | 44.30 | 47.24 | 1,272,484 |
| Backtest Avidity Biosciences | | | Avidity Biosciences History | | | Avidity Biosciences Valuation | Previous | Next |
Avidity Biosciences Trading Date Momentum on November 5, 2024
| On November 06 2024 Avidity Biosciences was traded for 47.24 at the closing time. Highest Avidity Biosciences's price during the trading hours was 47.30 and the lowest price during the day was 44.30 . The net volume was 1.3 M. The overall trading history on the 6th of November contributed to the next trading period price jump. The trading delta at closing time to the next next day price was 4.77% . The overall trading delta to current price is 11.60% . |
Avidity Biosciences Fundamentals Correlations and Trends
By evaluating Avidity Biosciences' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Avidity Biosciences' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Avidity financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Avidity Biosciences Stock history
Avidity Biosciences investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Avidity is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Avidity Biosciences will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Avidity Biosciences stock prices may prove useful in developing a viable investing in Avidity Biosciences
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 84 M | 45.2 M | |
| Net Loss | -156.6 M | -148.8 M |
Avidity Biosciences Quarterly Net Working Capital |
|
Avidity Biosciences Stock Technical Analysis
Avidity Biosciences technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Avidity Biosciences Period Price Range
Low | January 30, 2025
| High |
0.00 | 0.00 |
Avidity Biosciences cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Avidity Biosciences January 30, 2025 Market Strength
Market strength indicators help investors to evaluate how Avidity Biosciences stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Avidity Biosciences shares will generate the highest return on investment. By undertsting and applying Avidity Biosciences stock market strength indicators, traders can identify Avidity Biosciences entry and exit signals to maximize returns
Avidity Biosciences Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Avidity Biosciences' price direction in advance. Along with the technical and fundamental analysis of Avidity Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Avidity to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.52) | |||
| Total Risk Alpha | (0.82) | |||
| Treynor Ratio | (0.58) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Avidity Stock analysis
When running Avidity Biosciences' price analysis, check to measure Avidity Biosciences' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Avidity Biosciences is operating at the current time. Most of Avidity Biosciences' value examination focuses on studying past and present price action to predict the probability of Avidity Biosciences' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avidity Biosciences' price. Additionally, you may evaluate how the addition of Avidity Biosciences to your portfolios can decrease your overall portfolio volatility.
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum |