Atea Pharmaceuticals Inc (NASDAQ: AVIR) is 13.44% higher on its value in year-to-date trading and has touched a low of $2.81 and a high of $4.60 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 AVIR stock was last observed hovering at around $3.30 in the last trading session, with the day’s gains setting it 0.16%.
Currently trading at $3.46, the stock is 3.94% and 1.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.19 million and changing 4.85% at the moment leaves the stock -6.07% off its SMA200. AVIR registered 19.31% gain for a year compared to 6-month loss of -4.16%. The firm has a 50-day simple moving average (SMA 50) of $3.4318 and a 200-day simple moving average (SMA200) of $3.6859.
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The stock witnessed a 2.06% gain in the last 1 month and extending the period to 3 months gives it a -8.47%, and is 9.49% up 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 3.81% over the week and 3.93% over the month.
Atea Pharmaceuticals Inc (AVIR) has around 75 employees, a market worth around $292.24M and $0.00M in sales. Distance from 52-week low is 23.13% and -24.78% from its 52-week high. The company has generated returns on investments over the last 12 months (-37.86%).
The EPS is expected to shrink by -10.74% this year
151.0 institutions hold shares in Atea Pharmaceuticals Inc (AVIR), with institutional investors hold 78.61% of the company’s shares. The shares outstanding are 83.44M, and float is at 74.05M with Short Float at 3.56%. Institutions hold 71.00% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 9.12 million shares valued at $30.19 million. The investor’s holdings represent 10.8687 of the AVIR Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 6.44 million shares valued at $21.3 million to account for 7.6697 of the shares outstanding. The other top investors are BML CAPITAL MANAGEMENT, LLC which holds 6.38 million shares representing 7.5976 and valued at over $21.1 million, while ECOR1 CAPITAL, LLC holds 6.4849 of the shares totaling 5.44 million with a market value of $18.01 million.
Atea Pharmaceuticals Inc (AVIR) Insider Activity
The most recent transaction is an insider sale by Sommadossi Jean-Pierre, the company’s President, CEO, and Chairman. SEC filings show that Sommadossi Jean-Pierre sold 33,941 shares of the company’s common stock on Sep 17 ’24 at a price of $4.05 per share for a total of $0.14 million. Following the sale, the insider now owns 5.89 million shares.
Atea Pharmaceuticals Inc disclosed in a document filed with the SEC on Sep 18 ’24 that Sommadossi Jean-Pierre (President, CEO, and Chairman) sold a total of 22,187 shares of the company’s common stock. The trade occurred on Sep 18 ’24 and was made at $4.03 per share for $89469.0. Following the transaction, the insider now directly holds 5.87 million shares of the AVIR stock.
Still, SEC filings show that on Sep 19 ’24, Sommadossi Jean-Pierre (President, CEO, and Chairman) disposed off 1,841 shares at an average price of $4.00 for $7367.0. The insider now directly holds 5,866,025 shares of Atea Pharmaceuticals Inc (AVIR).
