Arbutus Biopharma Corp (NASDAQ: ABUS) is 38.40% higher on its value in year-to-date trading and has touched a low of $1.79 and a high of $4.72 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 $3.44 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $3.46, the stock is -8.02% and -11.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing 0.58% at the moment leaves the stock 2.35% off its SMA200. ABUS registered 89.07% gain for a year compared to 6-month gain of 5.49%. The firm has a 50-day simple moving average (SMA 50) of $3.916 and a 200-day simple moving average (SMA200) of $3.3757.
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The stock witnessed a -14.78% loss in the last 1 month and extending the period to 3 months gives it a -11.05%, and is -4.68% 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 4.66% over the week and 4.02% over the month.
Arbutus Biopharma Corp (ABUS) has around 73 employees, a market worth around $655.64M and $6.74M in sales. Profit margin for the company is -1137.64%. Distance from 52-week low is 93.30% and -26.77% from its 52-week high. The company has generated returns on investments over the last 12 months (-67.77%).
Arbutus Biopharma Corp quarterly earnings per share for the current quarter are estimated at -0.12 with sales reaching $2.21M over the same period.The EPS is expected to grow by 11.82% this year, but quarterly earnings will post -64.96% year-over-year. Quarterly sales are estimated to shrink -24.07% in year-over-year returns.
198.0 institutions hold shares in Arbutus Biopharma Corp (ABUS), with institutional investors hold 69.17% of the company’s shares. The shares outstanding are 169.87M, and float is at 147.22M with Short Float at 4.44%. Institutions hold 53.80% of the Float.
The top institutional shareholder in the company is MORGAN STANLEY with over 20.96 million shares valued at $64.77 million. The investor’s holdings represent 11.9346 of the ABUS Shares outstanding. As of 2024-06-30, the second largest holder is WHITEFORT CAPITAL MANAGEMENT, LP with 12.87 million shares valued at $39.76 million to account for 7.3269 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 11.55 million shares representing 6.5777 and valued at over $35.7 million, while TWO SEAS CAPITAL LP holds 4.8807 of the shares totaling 8.57 million with a market value of $26.49 million.
Arbutus Biopharma Corp (ABUS) Insider Activity
The most recent transaction is an insider sale by MANCHESTER KEITH S, the company’s Director. SEC filings show that MANCHESTER KEITH S sold 8,846 shares of the company’s common stock on Aug 14 ’24 at a price of $3.69 per share for a total of $32637.0. Following the sale, the insider now owns 46069.0 shares.
Arbutus Biopharma Corp disclosed in a document filed with the SEC on Feb 02 ’24 that Sims Karen (Chief Medical Officer) sold a total of 4,358 shares of the company’s common stock. The trade occurred on Feb 02 ’24 and was made at $2.31 per share for $10078.0. Following the transaction, the insider now directly holds 0.13 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).
