Avidity Biosciences Inc (NASDAQ: RNA) is 20.74% higher on its value in year-to-date trading and has touched a low of $11.47 and a high of $56.00 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 RNA stock was last observed hovering at around $34.68 in the last trading session, with the day’s gains setting it 0.43%.
Currently trading at $35.11, the stock is 14.04% and 5.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.99 million and changing 1.24% at the moment leaves the stock -7.95% off its SMA200. RNA registered 201.63% gain for a year compared to 6-month loss of -19.86%. The firm has a 50-day simple moving average (SMA 50) of $33.5088 and a 200-day simple moving average (SMA200) of $38.078476.
The stock witnessed a 11.74% gain in the last 1 month and extending the period to 3 months gives it a -21.66%, and is 7.60% 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 4.36% over the week and 5.76% over the month.
Avidity Biosciences Inc (RNA) has around 253 employees, a market worth around $4.19B and $10.12M in sales. Profit margin for the company is -2772.45%. Distance from 52-week low is 206.10% and -37.30% from its 52-week high. The company has generated returns on investments over the last 12 months (-18.61%).
The EPS is expected to grow by 1.40% this year
330.0 institutions hold shares in Avidity Biosciences Inc (RNA), with institutional investors hold 111.73% of the company’s shares. The shares outstanding are 118.90M, and float is at 108.26M with Short Float at 14.21%. Institutions hold 106.11% of the Float.
The top institutional shareholder in the company is FMR LLC with over 16.16 million shares valued at $660.1 million. The investor’s holdings represent 18.5285 of the RNA Shares outstanding. As of 2024-06-30, the second largest holder is PRICE T ROWE ASSOCIATES INC /MD/ with 10.92 million shares valued at $445.94 million to account for 12.5173 of the shares outstanding. The other top investors are RTW INVESTMENTS, LP which holds 8.81 million shares representing 10.0982 and valued at over $359.76 million, while BLACKROCK INC. holds 9.8868 of the shares totaling 8.62 million with a market value of $352.23 million.
Avidity Biosciences Inc (RNA) Insider Activity
The most recent transaction is an insider sale by Gallagher Kathleen P., the company’s Chief Program Officer. SEC filings show that Gallagher Kathleen P. sold 5,875 shares of the company’s common stock on Feb 03 ’25 at a price of $32.16 per share for a total of $0.19 million. Following the sale, the insider now owns 50554.0 shares.
Still, SEC filings show that on Jan 21 ’25, LEVIN ARTHUR A (Director) disposed off 1,872 shares at an average price of $28.60 for $53537.0. The insider now directly holds 12,958 shares of Avidity Biosciences Inc (RNA).
