Abivax ADR (NASDAQ: ABVX) is -12.57% lower on its value in year-to-date trading and has touched a low of $4.77 and a high of $16.63 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ABVX stock was last observed hovering at around $6.29 in the last trading session, with the day’s gains setting it 0.11%.
Currently trading at $6.40, the stock is 2.98% and -4.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.13 million and changing 1.75% at the moment leaves the stock -29.83% off its SMA200. ABVX registered -56.55% loss for a year compared to 6-month loss of -32.49%. The firm has a 50-day simple moving average (SMA 50) of $6.7187 and a 200-day simple moving average (SMA200) of $9.120725.
The stock witnessed a -6.43% gain in the last 1 month and extending the period to 3 months gives it a 2.73%, and is 14.49% 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 10.16% over the week and 10.33% over the month.
Abivax ADR (ABVX) has around 69 employees, a market worth around $405.89M and $0.00M in sales. Distance from 52-week low is 34.17% and -61.52% from its 52-week high. The company has generated returns on investments over the last 12 months (-197.95%).
with sales reaching $3.11M over the same period.The EPS is expected to shrink by -3.44% this year, but quarterly earnings will post -42.06% year-over-year.
51.0 institutions hold shares in Abivax ADR (ABVX), with institutional investors hold 47.21% of the company’s shares. The shares outstanding are 63.35M, and float is at 55.16M with Short Float at 2.93%. Institutions hold 47.21% of the Float.
The top institutional shareholder in the company is TCG CROSSOVER MANAGEMENT, LLC with over 6.06 million shares valued at $80.07 million. The investor’s holdings represent 14.0635 of the ABVX Shares outstanding. As of 2024-06-30, the second largest holder is DEEP TRACK CAPITAL, LP with 4.18 million shares valued at $55.26 million to account for 9.7055 of the shares outstanding. The other top investors are GREAT POINT PARTNERS LLC which holds 2.47 million shares representing 5.7405 and valued at over $32.68 million, while CORMORANT ASSET MANAGEMENT, LP holds 4.9459 of the shares totaling 2.13 million with a market value of $28.16 million.
