Cantor Fitzgerald raised the price target for the Adverum Biotechnologies Inc. (NASDAQ:ADVM) stock from “an Overweight” to “a Neutral”. The rating was released on July 23, 2021. The research report from Truist has downgraded the stock from Buy to Hold, with a price target set at $9. The stock was downgraded by RBC Capital Mkts, who disclosed in a research note on April 29, 2021, from Outperform to Sector Perform and set the price objective to $6. In their research brief published April 29, 2021, Chardan Capital Markets analysts downgraded the Adverum Biotechnologies Inc. stock from Buy to Neutral with a price target of $5.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Adverum Biotechnologies Inc. (NASDAQ:ADVM) dipped -2.19% to close Friday’s market session at $2.23, lower as compared to yesterday’s close. The stock price fluctuated between $2.22 and $2.305 throughout the trading session with the volume trading being 882216 shares, which represented a significant variation when compared to the three months average volume of 1.97 million shares. The firm’s stock price fluctuated -3.46% within the last five trades and -7.08% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -77.57% in the last 6 months and -41.62% was subtracted to its value over the previous 3 months. ADVM stock is trading at a margin of -3.59%, -7.99% and -68.97% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, ADVM deals in the Healthcare domain. The stock is trading -84.92 percent below its 52-week high and 7.99 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -60.78. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Adverum Biotechnologies Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $211.23 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 28.16 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 0.58, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 1.40 percent of Adverum Biotechnologies Inc. shares are owned by insiders, and 81.60 percent are held by financial institutions. Fischer Laurent, the CEO and Director at Adverum Biotechnologies Inc. (ADVM) has bought 10,000 shares of firm on Mar 24 at a price of $9.88 against the total amount of $98780.0. In another inside trade, Machado Patrick, Director of Adverum Biotechnologies Inc. (NASDAQ:ADVM) bought 10,000 shares of the firm on Mar 24 for a total worth of $99196.0 at a price of $9.92. An inside trade which took place on Feb 09, President and CFO of Adverum Biotechnologies Inc. PATTERSON LEONE D sold 12,533 shares of firm against total price of $0.18 million at the cost of $14.10 per share.