Value Investing Philosophy And Avidity Biosciences Inc (NASDAQ: RNA)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

RNA belongs to the Healthcare sector of the NASDAQ while operating in the Biotechnology industry. The current market capitalization of Avidity Biosciences Inc is $1.94B. A total of 1.03 million shares were traded on the day, compared to an average of 1.20M shares.

In the most recent transaction, LEVIN ARTHUR A sold 5,000 shares of RNA for 22.82 per share on Apr 19 ’24. After the transaction, the Director now owns 14,830 company shares. In a previous transaction on Apr 03 ’24, LEVIN ARTHUR A sold 20,000 shares at 27.11 per share. RNA shares that Director owns now total 253,872.

Among the insiders who sold shares, Boyce Sarah disposed of 28,000 shares on Apr 02 ’24 at a per-share price of $26.25. This resulted in the President and CEO holding 112,117 shares of RNA after the transaction. In another insider transaction, LEVIN ARTHUR A sold 5,000 shares at $23.97 per share on Mar 19 ’24. Company shares held by the Director now total 14,830.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, RNA has a high of $27.66 and a low of $4.82.

As of this writing, RNA has an earnings estimate of -$0.78 per share for the current quarter. EPS was calculated based on a consensus of 7.0 estimates, with a high estimate of -$0.67 per share and a lower estimate of -$0.95. The company reported an EPS of -$0.74 in the last quarter

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. RNA’s latest balance sheet shows that the firm has $405.54M in Cash & Short Term Investments as of fiscal 2021. There were $11.73M in debt and $29.66M in liabilities at the time. Its Book Value Per Share was $6.32, while its Total Shareholder’s Equity was $381.43M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 RNA is Buy with a score of 4.86.

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