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Why Arbutus Biopharma Corp (ABUS) Stock Could See Much Higher Prices Ahead

Arbutus Biopharma Corp (NASDAQ: ABUS) is 25.60% higher on its value in year-to-date trading and has touched a low of $1.69 and a high of $3.64 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ABUS stock was last observed hovering at around $3.20 in the last trading session, with the day’s loss setting it -0.06%.

Currently trading at $3.14, the stock is -1.71% and 5.85% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.17 million and changing -1.87% at the moment leaves the stock 30.34% off its SMA200. ABUS registered 23.62% gain for a year compared to 6-month gain of 50.96%.

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The stock witnessed a 6.80% loss in the last 1 month and extending the period to 3 months gives it a 15.44%, and is -8.19% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.19% over the week and 4.63% over the month.

Arbutus Biopharma Corp (ABUS) has around 73 employees, a market worth around $592.58M and $12.99M in sales. Profit margin for the company is -572.81%. Distance from 52-week low is 85.80% and -13.74% from its 52-week high. The company has generated returns on investments over the last 12 months (-60.86%).

The EPS is expected to grow by 11.36% this year.

Arbutus Biopharma Corp (ABUS) Top Institutional Holders

The shares outstanding are 169.87M, and float is at 144.66M with Short Float at 3.69%.

Arbutus Biopharma Corp (ABUS) Insider Activity

The most recent transaction is an insider sale by McElhaugh Michael J.,the company’sInterim President & CEO. SEC filings show that McElhaugh Michael J. sold 10,164 shares of the company’s common stock on Feb 02 ’24 at a price of $2.31 per share for a total of $23504.0. Following the sale, the insider now owns 1.5 million shares.

Arbutus Biopharma Corp disclosed in a document filed with the SEC on Feb 02 ’24 that Sofia Michael J. (Chief Scientific Officer) sold a total of 9,982 shares of the company’s common stock. The trade occurred on Feb 02 ’24 and was made at $2.31 per share for $23083.0. Following the transaction, the insider now directly holds 1.49 million shares of the ABUS stock.

Still, SEC filings show that on Feb 02 ’24, HASTINGS DAVID C (Chief Financial Officer) disposed off 9,593 shares at an average price of $2.31 for $22184.0. The insider now directly holds 181,907 shares of Arbutus Biopharma Corp (ABUS).

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