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NASDAQ:RNA

Avidity Biosciences (RNA) Stock Price, News & Analysis

$25.25
+0.58 (+2.35%)
(As of 09:34 AM ET)
Today's Range
$24.56
$25.50
50-Day Range
$10.11
$24.83
52-Week Range
$4.82
$26.24
Volume
19,798 shs
Average Volume
1.21 million shs
Market Capitalization
$2.01 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$36.33

Avidity Biosciences MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
47.3% Upside
$36.33 Price Target
Short Interest
Bearish
10.81% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.94mentions of Avidity Biosciences in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$4.15 M Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($3.07) to ($3.79) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.07 out of 5 stars

Medical Sector

780th out of 939 stocks

Pharmaceutical Preparations Industry

366th out of 436 stocks

RNA stock logo

About Avidity Biosciences Stock (NASDAQ:RNA)

Avidity Biosciences, Inc., a biopharmaceutical company, engages in the delivery of RNA therapeutics. It develops antibody oligonucleotide conjugates (AOC) that are designed to treat diseases previously untreatable with RNA therapeutics. The company's lead product candidate AOC 1001 for the treatment of myotonic dystrophy type 1, a rare monogenic muscle disease that is in phase 1/2 clinical trial. Its other products in pipeline include AOC 1044 for the treatment of duchenne muscular dystrophy, which is under phase 1/2 clinical development trial; and AOC 1020 to treat facioscapulohumeral muscular dystrophy that is in phase 1/2 clinical trial. The company is developing products for rare skeletal muscle and rare cardiac diseases. Avidity Biosciences, Inc. was incorporated in 2012 and is headquartered in San Diego, California.

RNA Stock Price History

RNA Stock News Headlines

The AI Defense Stock Set to Soar
To protect our interests, The Pentagon has partnered with this small AI defense contractor - creating some of the most powerful AI defenses ever made.
RNA Apr 2024 17.500 call
RNA Apr 2024 17.500 put
RNA Apr 2024 22.500 call
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
A Closer Look at 5 Analyst Recommendations For Avidity Biosciences
Avidity Biosciences Inc
Avidity Biosciences Honors Rare Disease Day®
TD Cowen Reaffirms Their Buy Rating on Avidity Biosciences (RNA)
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
3/27/2024
Next Earnings (Estimated)
5/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Pharmaceutical preparations
Sub-Industry
N/A
Current Symbol
NASDAQ:RNA
Fax
N/A
Employees
253
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$36.33
High Stock Price Target
$60.00
Low Stock Price Target
$20.00
Potential Upside/Downside
+47.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
6 Analysts

Profitability

Net Income
$-212,220,000.00
Net Margins
-2,219.87%
Pretax Margin
-2,219.87%

Debt

Sales & Book Value

Annual Sales
$9.56 million
Book Value
$6.76 per share

Miscellaneous

Free Float
78,125,000
Market Cap
$1.97 billion
Optionable
Optionable
Beta
0.72
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Key Executives

  • Dr. Troy Edward Wilson J.D. (Age 55)
    Ph.D., Co-Founder & Chairman
    Comp: $67.5k
  • Ms. Sarah Boyce (Age 52)
    President, CEO & Director
    Comp: $1.05M
  • Mr. Michael F. MacLean (Age 58)
    Chief Financial & Chief Business Officer
    Comp: $701.64k
  • Dr. W. Michael Flanagan Ph.D. (Age 62)
    Chief Scientific & Technical Officer
    Comp: $678.74k
  • Ms. Teresa McCarthy (Age 60)
    Chief Human Resources Officer
    Comp: $665.14k
  • Mr. Eric B. Mosbrooker (Age 56)
    Chief Strategy Officer
    Comp: $42.5k
  • Prof. Mark E. Davis
    Scientific Founder, Member of Scientific Advisory Board and Member of Board of Managers
  • Dr. Frank P. McCormick Ph.D. (Age 74)
    Scientific Founder & Member of Scientific Advisory Board
  • Mr. Geoffrey M. Grande C.F.A.
    VP of Investor Relation & Corporate Communication
  • Dr. John W. Wallen III (Age 66)
    VP of Intellectual Property, General Counsel & Secretary

RNA Stock Analysis - Frequently Asked Questions

Should I buy or sell Avidity Biosciences stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Avidity Biosciences in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" RNA shares.
View RNA analyst ratings
or view top-rated stocks.

What is Avidity Biosciences' stock price target for 2024?

6 brokerages have issued 1-year price targets for Avidity Biosciences' shares. Their RNA share price targets range from $20.00 to $60.00. On average, they expect the company's stock price to reach $36.33 in the next twelve months. This suggests a possible upside of 47.3% from the stock's current price.
View analysts price targets for RNA
or view top-rated stocks among Wall Street analysts.

How have RNA shares performed in 2024?

Avidity Biosciences' stock was trading at $9.05 at the beginning of 2024. Since then, RNA shares have increased by 172.6% and is now trading at $24.67.
View the best growth stocks for 2024 here
.

When is Avidity Biosciences' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our RNA earnings forecast
.

How were Avidity Biosciences' earnings last quarter?

Avidity Biosciences, Inc. (NASDAQ:RNA) posted its earnings results on Wednesday, February, 28th. The biotechnology company reported ($0.79) EPS for the quarter, missing the consensus estimate of ($0.54) by $0.25. The biotechnology company earned $2.19 million during the quarter, compared to analysts' expectations of $32.08 million. Avidity Biosciences had a negative trailing twelve-month return on equity of 39.74% and a negative net margin of 2,219.87%.

What ETFs hold Avidity Biosciences' stock?

ETFs with the largest weight of Avidity Biosciences (NASDAQ:RNA) stock in their portfolio include Morningstar US Small Growth (MSGR) and Direxion Moonshot Innovators ETF (MOON).Simplify Propel Opportunities ETF (SURI).

What other stocks do shareholders of Avidity Biosciences own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Avidity Biosciences investors own include GTX (GTXI), Inovio Pharmaceuticals (INO), Novavax (NVAX), Sarepta Therapeutics (SRPT), Avid Bioservices (CDMO), Dynavax Technologies (DVAX), iBio (IBIO), Intel (INTC), Ariad Pharmaceuticals (ARIA) and Corcept Therapeutics (CORT).

When did Avidity Biosciences IPO?

Avidity Biosciences (RNA) raised $150 million in an IPO on Friday, June 12th 2020. The company issued 10,000,000 shares at a price of $14.00-$16.00 per share. Cowen, SVB Leerink, Credit Suisse and Wells Fargo Securities acted as the underwriters for the IPO.

Who are Avidity Biosciences' major shareholders?

Avidity Biosciences' stock is owned by many different retail and institutional investors. Top institutional investors include Price T Rowe Associates Inc. MD (9.33%), Price T Rowe Associates Inc. MD (9.33%), Vanguard Group Inc. (5.46%), Vanguard Group Inc. (5.07%), Artisan Partners Limited Partnership (2.84%) and Dimensional Fund Advisors LP (2.02%). Insiders that own company stock include Arthur A Levin, Michael F Maclean, Rtw Investments, Lp, Sarah Boyce and W Michael Flanagan.
View institutional ownership trends
.

How do I buy shares of Avidity Biosciences?

Shares of RNA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:RNA) was last updated on 3/28/2024 by MarketBeat.com Staff

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