It’s Not Over Yet For Adverum Biotechnologies Inc (NASDAQ: ADVM)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Most recently, Yahoo Finance reported about the stock as it publicized that Adverum Biotechnologies Announces $127.5 Million Private Placement Financing.

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Stocks Info

Adverum Biotechnologies Inc is listed on the NASDAQ as a member of the Healthcare sector and is a part of the Biotechnology industry. The current market capitalization of Adverum Biotechnologies Inc is $192.97M. A total of 24.06 million shares were traded on the day, compared to an average of 494.40K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, ADVM has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 1 BUYs and 5 SELLs from insiders. Insiders purchased 100,000 shares during that period but sold 68,099.

In the most recent transaction, Seyedkazemi Setareh sold 6,201 shares of ADVM for 1.52 per share on Sep 15. After the transaction, the Chief Development Officer now owns 47,674 company shares. In a previous transaction on Jun 07, Rubinstein Linda M bought 100,000 shares at 1.45 per share. ADVM shares that Chief Financial Officer owns now total 100,000.

Among the insiders who sold shares, Fischer Laurent disposed of 41,239 shares on Mar 15 at a per-share price of $0.78. This resulted in the CEO, President and Director holding 692,141 shares of ADVM after the transaction. In another insider transaction, Soparkar Peter sold 13,360 shares at $0.78 per share on Mar 15. Company shares held by the Chief Operating Officer now total 265,891.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for ADVM in the last 3 months, the mean price target is $3.80 with high estimates of $6.00 and low estimates of $2.00. In terms of 52-week highs and lows, ADVM has a high of $2.34 and a low of $0.61.

As of this writing, ADVM has an earnings estimate of -$0.33 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$0.27 per share and a lower estimate of -$0.4. The company reported an EPS of -$0.31 in the last quarter, which was 6.10% higher than expectations of -$0.33.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ADVM’s latest balance sheet shows that the firm has $305.19M in Cash & Short Term Investments as of fiscal 2021. There were $102.99M in debt and $21.32M in liabilities at the time. Its Book Value Per Share was $1.02, while its Total Shareholder’s Equity was $316.19M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ADVM is Buy with a score of 4.67.

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