NASDAQ:AVTE Aerovate Therapeutics (AVTE) Stock Price, News & Analysis → No Strings Attached: Get 30 Days of Hedgeye’s Top Stock Picks for Free (From Hedgeye) (Ad) Free AVTE Stock Alerts $20.74 +0.83 (+4.17%) (As of 06/7/2024 ET) Add Compare Share Share Today's Range$19.34▼$21.3450-Day Range$16.07▼$30.7552-Week Range$9.41▼$32.42Volume459,757 shsAverage Volume244,993 shsMarket Capitalization$597.52 millionP/E RatioN/ADividend YieldN/APrice Target$47.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Aerovate Therapeutics alerts: Email Address Aerovate Therapeutics MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside126.6% Upside$47.00 Price TargetShort InterestBearish11.99% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.24Based on 5 Articles This WeekInsider TradingSelling Shares$2.60 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($2.94) to ($2.71) Per ShareSee Full Details Hide Full Details 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.1.22 out of 5 starsMedical Sector718th out of 904 stocksPharmaceutical Preparations Industry336th out of 429 stocks 3.5 Analyst's Opinion Consensus RatingAerovate Therapeutics has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageAerovate Therapeutics has only been the subject of 3 research reports in the past 90 days.Read more about Aerovate Therapeutics' stock forecast and price target. Previous Next 0.0 Short Interest Percentage of Shares Shorted11.99% of the float of Aerovate Therapeutics has been sold short.Short Interest Ratio / Days to CoverAerovate Therapeutics has a short interest ratio ("days to cover") of 13.1, which indicates bearish sentiment.Change versus previous monthShort interest in Aerovate Therapeutics has recently increased by 16.49%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldAerovate Therapeutics does not currently pay a dividend.Dividend GrowthAerovate Therapeutics does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for AVTE. Previous Next 1.8 News and Social Media Coverage News SentimentAerovate Therapeutics has a news sentiment score of 0.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.72 average news sentiment score of Medical companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Aerovate Therapeutics this week, compared to 2 articles on an average week. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Aerovate Therapeutics insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,599,117.00 in company stock.Percentage Held by Insiders24.90% of the stock of Aerovate Therapeutics is held by insiders. A high percentage of insider ownership can be a sign of company health.Read more about Aerovate Therapeutics' insider trading history. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Aerovate Therapeutics are expected to grow in the coming year, from ($2.94) to ($2.71) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Aerovate Therapeutics is -6.82, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Aerovate Therapeutics is -6.82, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioAerovate Therapeutics has a P/B Ratio of 5.24. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Aerovate Therapeutics' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Banyan Hill PublishingWhy June 30 Will Be the Tipping Point for AIAI is already replacing workers in warehouses. It’s spreading like lightning in the software, legal and engineering industries… It’s now estimated at least 300 million jobs worldwide are in AI’s crosshairs.Click here for details. About Aerovate Therapeutics Stock (NASDAQ:AVTE)Aerovate Therapeutics, Inc., a clinical-stage biopharmaceutical company, develops drugs that enhance the lives of patients with rare cardiopulmonary diseases in the United States. It focuses on advancing AV-101, a dry powder inhaled formulation of imatinib for the treatment of pulmonary arterial hypertension, which is in Phase 2b/Phase 3 trial. The company was incorporated in 2018 and is headquartered in Waltham, Massachusetts.Read More AVTE Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart AVTE Stock News HeadlinesMay 18, 2024 | insidertrades.comInsider Selling: Aerovate Therapeutics, Inc. (NASDAQ:AVTE) Insider Sells 4,000 Shares of StockMay 18, 2024 | insidertrades.comInsider Selling: Aerovate Therapeutics, Inc. (NASDAQ:AVTE) CEO Sells 10,000 Shares of StockJune 8 at 1:40 AM | americanbankingnews.comAerovate Therapeutics (NASDAQ:AVTE) Earns "Outperform" Rating from WedbushMay 22, 2024 | markets.businessinsider.comAnalysts Are Bullish on Top Healthcare Stocks: Aerovate Therapeutics (AVTE), Exact Sciences (EXAS)May 22, 2024 | markets.businessinsider.comAnalysts Are Bullish on These Healthcare Stocks: AbbVie (ABBV), Aerovate Therapeutics (AVTE)May 21, 2024 | globenewswire.comAerovate Therapeutics Presents Baseline Data from the Phase 2b Portion of the IMPAHCT Trial at the American Thoracic Society 2024 International ConferenceMay 14, 2024 | msn.comAerovate Therapeutics reports Q1 GAAP EPS of -$0.83May 13, 2024 | investorplace.comAVTE Stock Earnings: Aerovate Therapeutics Misses EPS for Q1 2024May 13, 2024 | globenewswire.comAerovate Therapeutics Announces First Quarter Financial Results and Business HighlightsApril 20, 2024 | investing.comAerovate Therapeutics exec sells shares worth over $153,000April 20, 2024 | investing.comAerovate Therapeutics CEO sells over $246k in company stockApril 4, 2024 | finance.yahoo.comAerovate Therapeutics Inc CEO Timothy Noyes Sells 10,000 SharesApril 2, 2024 | markets.businessinsider.comAerovate Therapeutics: Poised for Market Capitalization Growth on IMPAHCT Trial SuccessApril 1, 2024 | msn.comAerovate Therapeutics (NASDAQ:AVTE) on the Verge of Substantial GrowthMarch 27, 2024 | globenewswire.comAerovate Therapeutics to Present Patient Baseline Characteristics of the Phase 2b Portion of the Phase 2b/Phase 3 IMPAHCT Trial at the American Thoracic Society 2024 International ConferenceMarch 27, 2024 | finance.yahoo.comAerovate Therapeutics Inc (AVTE) Reports Increased R&D Expenses and Net Loss in 2023March 26, 2024 | finanznachrichten.deAerovate Therapeutics, Inc.: Aerovate Therapeutics Announces Full-Year 2023 Financial Results and Business HighlightsMarch 26, 2024 | markets.businessinsider.comAerovate Therapeutics: A Strong Buy Ahead of Key Clinical Data ReleaseMarch 25, 2024 | benzinga.comRecap: Aerovate Therapeutics Q4 EarningsMarch 25, 2024 | investorplace.comAVTE Stock Earnings: Aerovate Therapeutics Misses EPS for Q4 2023March 25, 2024 | markets.businessinsider.comAerovate Therapeutics Announces Full-Year 2023 Financial Results and Business HighlightsMarch 25, 2024 | globenewswire.comAerovate Therapeutics Announces Full-Year 2023 Financial Results and Business HighlightsMarch 24, 2024 | morningstar.comAerovate Therapeutics Inc AVTEMarch 21, 2024 | finance.yahoo.comInsider Sell: Aerovate Therapeutics Inc's (AVTE) Chief Technical Officer Marinus Verwijs Sells ...March 21, 2024 | finance.yahoo.comChief Medical Officer Hunter Gillies Sells 7,000 Shares of Aerovate Therapeutics Inc (AVTE)See More Headlines Receive AVTE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Aerovate Therapeutics and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/13/2024Today6/08/2024Next Earnings (Estimated)8/12/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorMedical Industry Pharmaceutical preparations Sub-IndustryN/A Current SymbolNASDAQ:AVTE CUSIPN/A CIK1798749 Webaerovatetx.com Phone617-443-2400FaxN/AEmployees51Year FoundedN/APrice Target and Rating Average Stock Price Target$47.00 High Stock Price Target$65.00 Low Stock Price Target$35.00 Potential Upside/Downside+126.6%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($3.04) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-75,520,000.00 Net MarginsN/A Pretax MarginN/A Return on Equity-70.24% Return on Assets-61.93% Debt Debt-to-Equity RatioN/A Current Ratio6.65 Quick Ratio6.65 Sales & Book Value Annual SalesN/A Price / SalesN/A Cash FlowN/A Price / Cash FlowN/A Book Value$3.96 per share Price / Book5.24Miscellaneous Outstanding Shares28,810,000Free Float21,635,000Market Cap$597.52 million OptionableOptionable Beta1.30 5G Stocks: The Path Forward is ProfitableClick the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. Get This Free Report Key ExecutivesMr. Timothy P. Noyes M.B.A. (Age 62)CEO & Director Comp: $936.9kMr. George A. Eldridge (Age 61)CFO & Treasurer Comp: $658.6kMr. Timothy J. Pigot (Age 53)Chief Commercial Officer Comp: $584.6kDr. Benjamin T. Dake Ph.D. (Age 48)Founder, President, COO & Secretary Comp: $435.5kDr. Marinus Verwijs Ph.D. (Age 48)Chief Technical Officer Comp: $439.88kDr. Ralph W. Niven M.B.A. (Age 64)M.R, Ph.D., Pharm.S, Chief Scientific Officer Comp: $372.33kMr. Hunter Gillies M.D. (Age 58)Chief Medical Officer Comp: $512.74kMs. Donna DeaHead of Regulatory AffairsMs. Susan FischerExecutive Vice President of Development OperationsMr. Stephen K. YuSenior Vice President of QualityMore ExecutivesKey CompetitorsCytomX TherapeuticsNASDAQ:CTMXGossamer BioNASDAQ:GOSS89bioNASDAQ:ETNBImmunicNASDAQ:IMUXLeap TherapeuticsNASDAQ:LPTXView All CompetitorsInsiders & InstitutionsIkarian Capital LLCBought 367,965 shares on 5/17/2024Ownership: 1.277%Hunter GilliesSold 4,000 sharesTotal: $84,320.00 ($21.08/share)California State Teachers Retirement SystemSold 716 shares on 5/16/2024Ownership: 0.004%Timothy P. NoyesSold 10,000 sharesTotal: $215,800.00 ($21.58/share)EntryPoint Capital LLCSold 3,007 shares on 5/14/2024Ownership: 0.011%View All Insider TransactionsView All Institutional Transactions AVTE Stock Analysis - Frequently Asked Questions Should I buy or sell Aerovate Therapeutics stock right now? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Aerovate Therapeutics in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AVTE shares. View AVTE analyst ratings or view top-rated stocks. What is Aerovate Therapeutics' stock price target for 2024? 3 analysts have issued 12-month price objectives for Aerovate Therapeutics' stock. Their AVTE share price targets range from $35.00 to $65.00. On average, they predict the company's stock price to reach $47.00 in the next twelve months. This suggests a possible upside of 126.6% from the stock's current price. View analysts price targets for AVTE or view top-rated stocks among Wall Street analysts. How have AVTE shares performed in 2024? Aerovate Therapeutics' stock was trading at $22.63 at the beginning of 2024. Since then, AVTE shares have decreased by 8.4% and is now trading at $20.74. View the best growth stocks for 2024 here. Are investors shorting Aerovate Therapeutics? Aerovate Therapeutics saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,190,000 shares, an increase of 16.5% from the April 30th total of 1,880,000 shares. Based on an average daily volume of 167,500 shares, the short-interest ratio is currently 13.1 days. Currently, 12.0% of the shares of the company are sold short. View Aerovate Therapeutics' Short Interest. When is Aerovate Therapeutics' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, August 12th 2024. View our AVTE earnings forecast. How were Aerovate Therapeutics' earnings last quarter? Aerovate Therapeutics, Inc. (NASDAQ:AVTE) posted its earnings results on Monday, May, 13th. The company reported ($0.83) EPS for the quarter, missing analysts' consensus estimates of ($0.74) by $0.09. When did Aerovate Therapeutics IPO? Aerovate Therapeutics (AVTE) raised $100 million in an initial public offering (IPO) on Wednesday, June 30th 2021. The company issued 7,150,000 shares at a price of $13.00-$15.00 per share. Who are Aerovate Therapeutics' major shareholders? Aerovate Therapeutics' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (2.41%), Ikarian Capital LLC (1.28%), EntryPoint Capital LLC (0.01%) and California State Teachers Retirement System (0.00%). Insiders that own company stock include Benjamin T Dake, Cormorant Asset Management, Lp, David S Grayzel, George A Eldridge, Hunter Gillies, Marinus Verwijs, Ralph Niven and Timothy P Noyes. View institutional ownership trends. How do I buy shares of Aerovate Therapeutics? Shares of AVTE 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. 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