Avidity Biosciences Inc (NASDAQ: RNA) is 2.37% higher on its value in year-to-date trading and has touched a low of $21.56 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 $26.74 in the last trading session, with the day’s gains setting it 3.03%.
Currently trading at $29.77, the stock is -4.19% and -5.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.15 million and changing 11.33% at the moment leaves the stock -23.38% off its SMA200. RNA registered 12.77% gain for a year compared to 6-month loss of -35.18%. The firm has a 50-day simple moving average (SMA 50) of $31.4108 and a 200-day simple moving average (SMA200) of $38.856125.
The stock witnessed a 4.24% gain in the last 1 month and extending the period to 3 months gives it a 2.02%, and is -7.11% 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 8.29% over the week and 7.38% over the month.
Avidity Biosciences Inc (RNA) has around 391 employees, a market worth around $3.58B and $10.90M in sales. Profit margin for the company is -2957.72%. Distance from 52-week low is 38.08% and -46.84% from its 52-week high. The company has generated returns on investments over the last 12 months (-22.57%).
The EPS is expected to shrink by -32.24% this year
330.0 institutions hold shares in Avidity Biosciences Inc (RNA), with institutional investors hold 113.02% of the company’s shares. The shares outstanding are 119.89M, and float is at 111.14M with Short Float at 14.51%. Institutions hold 107.34% 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 15.1121 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 8.2362 and valued at over $359.76 million, while BLACKROCK INC. holds 8.0638 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 Hughes Steven George, the company’s Chief Medical Officer. SEC filings show that Hughes Steven George sold 9,578 shares of the company’s common stock on Mar 20 ’25 at a price of $31.06 per share for a total of $0.3 million. Following the sale, the insider now owns 72850.0 shares.
Avidity Biosciences Inc disclosed in a document filed with the SEC on Mar 20 ’25 that Boyce Sarah (President and CEO) sold a total of 31,540 shares of the company’s common stock. The trade occurred on Mar 20 ’25 and was made at $31.06 per share for $0.98 million. Following the transaction, the insider now directly holds 0.31 million shares of the RNA stock.
Still, SEC filings show that on Mar 20 ’25, Flanagan W. Michael (Chief Scientific Officer) disposed off 11,780 shares at an average price of $31.06 for $0.37 million. The insider now directly holds 80,195 shares of Avidity Biosciences Inc (RNA).
