ArriVent BioPharma (NASDAQ:AVBP - Get Free Report)'s stock had its "sell (d-)" rating restated by equities research analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.
Other equities analysts have also issued research reports about the company. HC Wainwright reaffirmed a "buy" rating and issued a $42.00 price objective (up previously from $40.00) on shares of ArriVent BioPharma in a research note on Tuesday, August 12th. Zacks Research cut shares of ArriVent BioPharma from a "hold" rating to a "strong sell" rating in a research report on Monday, October 13th. B. Riley upgraded shares of ArriVent BioPharma to a "strong-buy" rating in a research report on Monday, August 25th. The Goldman Sachs Group upgraded shares of ArriVent BioPharma to a "buy" rating and set a $33.00 price objective on the stock in a research report on Thursday, July 10th. Finally, Citigroup reiterated a "buy" rating and set a $33.00 price objective (down previously from $40.00) on shares of ArriVent BioPharma in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $39.14.
View Our Latest Analysis on ArriVent BioPharma
ArriVent BioPharma Trading Up 2.8%
NASDAQ AVBP traded up $0.51 on Friday, reaching $18.60. 292,538 shares of the stock were exchanged, compared to its average volume of 270,184. ArriVent BioPharma has a one year low of $15.47 and a one year high of $36.37. The firm has a market capitalization of $754.58 million, a PE ratio of -4.63 and a beta of 1.11. The company's 50-day simple moving average is $19.25 and its two-hundred day simple moving average is $20.22.
ArriVent BioPharma (NASDAQ:AVBP - Get Free Report) last released its earnings results on Monday, August 11th. The company reported ($0.90) EPS for the quarter, missing analysts' consensus estimates of ($0.70) by ($0.20). Sell-side analysts forecast that ArriVent BioPharma will post -2.74 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets increased its position in ArriVent BioPharma by 31.0% during the second quarter. BNP Paribas Financial Markets now owns 2,571 shares of the company's stock valued at $56,000 after acquiring an additional 609 shares during the last quarter. Tower Research Capital LLC TRC increased its position in ArriVent BioPharma by 571.6% during the second quarter. Tower Research Capital LLC TRC now owns 6,669 shares of the company's stock valued at $145,000 after acquiring an additional 5,676 shares during the last quarter. Walleye Capital LLC bought a new position in ArriVent BioPharma during the second quarter valued at $206,000. Brevan Howard Capital Management LP bought a new position in ArriVent BioPharma during the second quarter valued at $209,000. Finally, Jane Street Group LLC bought a new position in ArriVent BioPharma during the first quarter valued at $189,000. Institutional investors own 9.48% of the company's stock.
About ArriVent BioPharma
(
Get Free Report)
ArriVent BioPharma, Inc operates as a clinical-stage biopharmaceutical company that engages in the identification, development, and commercialization of medicines for the unmet medical needs of patients with cancers in the United States. It also engages in the development and commercialization of targeted cancer therapies for non-small cell lung cancer (NSCLC) and other solid tumors.
Further Reading

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