With 1.69 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.1 million shares. The 52-week range on AVDL shows that it touched its highest point at $17.30 and its lowest point at $6.38 during that stretch. It currently has a 1-year price target of $17.44. Beta for the stock currently stands at 1.45.
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 AVDL was up-trending over the past week, with a rise of 4.08%, but this was up by 8.45% over a month. Three-month performance surged to 23.43% while six-month performance fell -15.58%. The stock lost -40.16% in the past year, while it has lost -10.28% so far this year. A look at the trailing 12-month EPS for AVDL yields -0.27 with Next year EPS estimates of 0.77. For the next quarter, that number is 0.02. This implies an EPS growth rate of 129.67% for this year and 410.19% for next year.
Float and Shares Shorts:
At present, 96.63 million AVDL shares are outstanding with a float of 88.37 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AVDL since 8 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 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.
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 -$0.45185 being high and -$0.53043 being low. For AVDL, this leads to a yearly average estimate of -$0.50096. Based on analyst estimates, the high estimate for the next quarter is $0.15 and the low estimate is $0.08. The average estimate for the next quarter is thus $0.1.
