A History of Outperforming Analyst Forecasts and Beating the Odds: Adverum Biotechnologies Inc (ADVM)

With 57061.0 shares changed hands, the volume of the stock remained lighter than its average volume of 0.23 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $4.75 whereas the lowest price it dropped to was $4.5985. The 52-week range on ADVM shows that it touched its highest point at $29.70 and its lowest point at $4.59 during that stretch. It currently has a 1-year price target of $29.71. Beta for the stock currently stands at 0.93.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ADVM was down-trending over the past week, with a drop of -4.59%, but this was down by -17.38% over a month. Three-month performance dropped to -24.28% while six-month performance fell -28.51%. The stock lost -36.84% in the past year, while it has lost -33.71% so far this year. A look at the trailing 12-month EPS for ADVM yields -6.03 with Next year EPS estimates of -4.68. For the next quarter, that number is -1.36. This implies an EPS growth rate of 56.78% for this year and 6.71% for next year.

Float and Shares Shorts:

At present, 20.80 million ADVM shares are outstanding with a float of 11.20 million shares on hand for trading. On 2024-11-29, short shares totaled 1.36 million, which was 652.0 higher than short shares on 1730332800. In addition to Dr. Laurent Fischer as the firm’s President, CEO & Director, Ms. Linda M. Rubinstein M.A. serves as its CFO, Principal Financial Officer & Principal Accounting Officer.

Institutional Ownership:

Through their ownership of 0.79111 of ADVM’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, ADVM reported revenue of $1000000.0 and operating income of -$29221000.0. The EBITDA in the recently reported quarter was -$28331000.0 and diluted EPS was -$1.3.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ADVM since 2 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ADVM analysts setting a high price target of 40.0 and a low target of 10.0, the average target price over the next 12 months is 29.71429. Based on these targets, ADVM could surge 743.88% to reach the target high and rise by 110.97% to reach the target low. Reaching the average price target will result in a growth of 526.88% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$4.70752 being high and -$5.17623 being low. For ADVM, this leads to a yearly average estimate of -$5.0132. Based on analyst estimates, the high estimate for the next quarter is -$1.06 and the low estimate is -$1.6. The average estimate for the next quarter is thus -$1.33.