Avidity Biosciences Stock Price on December 6, 2024

RNA Stock  USD 31.64  0.18  0.57%   
Below is the normalized historical share price chart for Avidity Biosciences extending back to June 12, 2020. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Avidity Biosciences stands at 31.64, as last reported on the 25th of December, with the highest price reaching 32.16 and the lowest price hitting 30.91 during the day.
IPO Date
28th of June 2013
200 Day MA
37.1632
50 Day MA
42.4376
Beta
0.908
 
Covid
If you're considering investing in Avidity Stock, it is important to understand the factors that can impact its price. Avidity Biosciences secures Sharpe Ratio (or Efficiency) of -0.0854, which signifies that the company had a -0.0854% return per unit of risk over the last 3 months. Avidity Biosciences exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Avidity Biosciences' Risk Adjusted Performance of (0.07), standard deviation of 4.33, and Mean Deviation of 3.15 to double-check the risk estimate we provide.
  
At present, Avidity Biosciences' Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Other Stockholder Equity is expected to grow to about 1.1 B, whereas Common Stock is forecasted to decline to 7,600. . At present, Avidity Biosciences' Price Book Value Ratio is projected to increase significantly based on the last few years of reporting. The current year's Price Earnings To Growth Ratio is expected to grow to 0.32, whereas Price To Sales Ratio is forecasted to decline to 65.66. Avidity Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0854

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Estimated Market Risk

 4.27
  actual daily
38
62% of assets are more volatile

Expected Return

 -0.36
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.09
  actual daily
0
Most of other assets perform better
Based on monthly moving average Avidity Biosciences is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Avidity Biosciences by adding Avidity Biosciences to a well-diversified portfolio.
Price Book
2.511
Enterprise Value Ebitda
(5.72)
Price Sales
373.1281
Shares Float
99 M
Wall Street Target Price
68.2727

Related Headline

Hookipa Pharma Headline on 6th of December 2024

Filed transaction by Hookipa Pharma Officer Chief Medical Officer. Grant, award or other acquisition pursuant to Rule 16b-3

Avidity Biosciences Valuation on December 6, 2024

It is possible to determine the worth of Avidity Biosciences on a given historical date. On December 6, 2024 Avidity was worth 36.92 at the beginning of the trading date compared to the closed value of 38.27. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Avidity Biosciences stock. Still, in general, we apply an absolute valuation method to find Avidity Biosciences' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Avidity Biosciences where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Avidity Biosciences' related companies.
 Open High Low Close Volume
  37.46    38.10    36.54    36.88    1,249,547  
12/06/2024
  36.92    38.86    36.61    38.27    974,377  
  38.28    38.70    35.36    36.85    1,466,556  
Backtest Avidity Biosciences  |  Avidity Biosciences History  |  Avidity Biosciences Valuation   PreviousNext  
Open Value
36.92
38.27
Closing Value
49.72
Upside

Avidity Biosciences Trading Date Momentum on December 6, 2024

On December 09 2024 Avidity Biosciences was traded for  36.85  at the closing time. Highest Avidity Biosciences's price during the trading hours was 38.70  and the lowest price during the day was  35.36 . The net volume was 1.5 M. The overall trading history on the 9th of December contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 3.71% . The overall trading delta to current price is 14.79% .

Avidity Biosciences Fundamentals Correlations and Trends

By evaluating Avidity Biosciences' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Avidity Biosciences' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Avidity financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Avidity Biosciences Stock history

Avidity Biosciences investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Avidity is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Avidity Biosciences will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Avidity Biosciences stock prices may prove useful in developing a viable investing in Avidity Biosciences
Last ReportedProjected for Next Year
Common Stock Shares Outstanding73 M45.2 M
Net Loss-156.6 M-148.8 M

Avidity Biosciences Quarterly Net Working Capital

1.53 Billion

Avidity Biosciences Stock Technical Analysis

Avidity Biosciences technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Avidity Biosciences technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Avidity Biosciences trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Avidity Biosciences Period Price Range

Low
December 25, 2024
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High

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Avidity Biosciences cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Avidity Biosciences December 25, 2024 Market Strength

Market strength indicators help investors to evaluate how Avidity Biosciences stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Avidity Biosciences shares will generate the highest return on investment. By undertsting and applying Avidity Biosciences stock market strength indicators, traders can identify Avidity Biosciences entry and exit signals to maximize returns

Avidity Biosciences Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Avidity Biosciences' price direction in advance. Along with the technical and fundamental analysis of Avidity Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Avidity to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Avidity Stock analysis

When running Avidity Biosciences' price analysis, check to measure Avidity Biosciences' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Avidity Biosciences is operating at the current time. Most of Avidity Biosciences' value examination focuses on studying past and present price action to predict the probability of Avidity Biosciences' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avidity Biosciences' price. Additionally, you may evaluate how the addition of Avidity Biosciences to your portfolios can decrease your overall portfolio volatility.
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