The trading price of Avidity Biosciences Inc (NASDAQ:RNA) closed lower on Friday, April 19, closing at $22.73, -1.35% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $27.66 and a 52-week low of $4.82. Over the past month, the stock has lost -6.23% in value.
Avidity Biosciences Inc, whose market valuation is $1.81 billion at the time of this writing, is expected to release its quarterly earnings report May 07, 2024 – May 13, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Avidity Biosciences Inc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest RNA has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that RNA’s price is currently -7.90% off the SMA20 and 10.40% off the SMA50. The RSI metric on the 14-day chart is currently showing 46.29, and weekly volatility stands at 4.47%. When measured over the past 30 days, the indicator reaches 6.50%. Avidity Biosciences Inc (NASDAQ:RNA)’s beta value is currently sitting at 0.81, while the Average True Range indicator is currently displaying 1.47.
To see how Avidity Biosciences Inc stock has been performing in comparison to its peers in the industry, here are the numbers: RNA stock’s performance was -1.35% in the latest trading, and 40.57% in the past year.
An evaluation of the daily trading volume of Avidity Biosciences Inc (NASDAQ:RNA) indicates that the 3-month average is 1.19 million.
Currently, records show that 79.28 million of the company’s shares remain outstanding. The insiders hold 10.48% of outstanding shares, whereas institutions hold 98.39%. However, since the stock’s price has seen 151.16% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
