Avenue Therapeutics Stock Beta

ATXI Stock  USD 2.01  0.04  2.03%   
Avenue Therapeutics fundamentals help investors to digest information that contributes to Avenue Therapeutics' financial success or failures. It also enables traders to predict the movement of Avenue Stock. The fundamental analysis module provides a way to measure Avenue Therapeutics' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Avenue Therapeutics stock.
  
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Avenue Therapeutics Company Beta Analysis

Avenue Therapeutics' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

 = 

Covariance

Variance

More About Beta | All Equity Analysis

Current Avenue Therapeutics Beta

    
  -0.18  
Most of Avenue Therapeutics' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Avenue Therapeutics is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Avenue Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Avenue Therapeutics is extremely important. It helps to project a fair market value of Avenue Stock properly, considering its historical fundamentals such as Beta. Since Avenue Therapeutics' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Avenue Therapeutics' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Avenue Therapeutics' interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Competition

In accordance with the recently published financial statements, Avenue Therapeutics has a Beta of -0.179. This is 120.81% lower than that of the Pharmaceuticals sector and 112.88% lower than that of the Health Care industry. The beta for all United States stocks is 19.33% higher than that of the company.

Avenue Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Avenue Therapeutics' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Avenue Therapeutics could also be used in its relative valuation, which is a method of valuing Avenue Therapeutics by comparing valuation metrics of similar companies.
Avenue Therapeutics is currently under evaluation in beta category among its peers.

Avenue Therapeutics Current Valuation Drivers

We derive many important indicators used in calculating different scores of Avenue Therapeutics from analyzing Avenue Therapeutics' financial statements. These drivers represent accounts that assess Avenue Therapeutics' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Avenue Therapeutics' important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap1.8B4.1B11.3B7.4B6.6B4.7B
Enterprise Value1.8B4.1B11.3B7.4B6.6B4.7B

Avenue Therapeutics ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Avenue Therapeutics' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Avenue Therapeutics' managers, analysts, and investors.
Environmental
Governance
Social

Avenue Therapeutics Institutional Holders

Institutional Holdings refers to the ownership stake in Avenue Therapeutics that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Avenue Therapeutics' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Avenue Therapeutics' value.
Shares
Armistice Capital, Llc2024-06-30
75 K
Sabby Management Llc2024-06-30
37.4 K
Moss Adams Wealth Advisors Llc2024-09-30
11 K
Tower Research Capital Llc2024-06-30
3.2 K
Ubs Group Ag2024-06-30
673
Wells Fargo & Co2024-06-30
61.0
Royal Bank Of Canada2024-06-30
8.0
Emfo, Llc2024-06-30
8.0
Bank Of America Corp2024-06-30
7.0
Jpmorgan Chase & Co2024-06-30
1.0
As returns on the market increase, returns on owning Avenue Therapeutics are expected to decrease at a much lower rate. During the bear market, Avenue Therapeutics is likely to outperform the market.

Avenue Fundamentals

About Avenue Therapeutics Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Avenue Therapeutics's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Avenue Therapeutics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Avenue Therapeutics based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

Currently Active Assets on Macroaxis

When determining whether Avenue Therapeutics offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Avenue Therapeutics' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Avenue Therapeutics Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Avenue Therapeutics Stock:
Check out Avenue Therapeutics Piotroski F Score and Avenue Therapeutics Altman Z Score analysis.
For more detail on how to invest in Avenue Stock please use our How to Invest in Avenue Therapeutics guide.
You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Is Pharmaceuticals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Avenue Therapeutics. If investors know Avenue will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Avenue Therapeutics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.76)
Earnings Share
24.78
Return On Assets
(2.01)
Return On Equity
(5.35)
The market value of Avenue Therapeutics is measured differently than its book value, which is the value of Avenue that is recorded on the company's balance sheet. Investors also form their own opinion of Avenue Therapeutics' value that differs from its market value or its book value, called intrinsic value, which is Avenue Therapeutics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Avenue Therapeutics' market value can be influenced by many factors that don't directly affect Avenue Therapeutics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Avenue Therapeutics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Avenue Therapeutics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avenue Therapeutics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.