Arbutus Biopharma - ABUS Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arbutus Biopharma 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" ABUS shares.
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3 equities research analysts have issued 1-year target prices for Arbutus Biopharma's stock. Their ABUS share price forecasts range from $6.00 to $9.00. On average, they expect the company's share price to reach $7.00 in the next year. This suggests a possible upside of 141.4% from the stock's current price.
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Arbutus Biopharma's stock was trading at $2.33 at the start of the year. Since then, ABUS stock has increased by 24.5% and is now trading at $2.90.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, March 2nd 2023.
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Arbutus Biopharma Co. (NASDAQ:ABUS) announced its quarterly earnings results on Wednesday, November, 9th. The biopharmaceutical company reported ($0.12) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.12). The biopharmaceutical company earned $5.95 million during the quarter, compared to the consensus estimate of $11.12 million. Arbutus Biopharma had a negative net margin of 191.34% and a negative trailing twelve-month return on equity of 43.44%.

6 employees have rated Arbutus Biopharma Chief Executive Officer Mark J. Murray on Glassdoor.com. Mark J. Murray has an approval rating of 22% among the company's employees. This puts Mark J. Murray in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Arbutus Biopharma investors own include Ballard Power Systems (BLDP), Chiasma (CHMA), Bausch Health Companies (BHC), Heat Biologics (HTBX), Sorrento Therapeutics (SRNE), GW Pharmaceuticals (GWPH), Inovio Pharmaceuticals (INO), Alibaba Group (BABA), TherapeuticsMD (TXMD) and Novavax (NVAX).

Arbutus Biopharma trades on the NASDAQ under the ticker symbol "ABUS."

Arbutus Biopharma's stock is owned by a number of institutional and retail investors. Top institutional investors include Assenagon Asset Management S.A. (0.55%), Clear Harbor Asset Management LLC (0.04%), Simplex Trading LLC (0.00%), SG Americas Securities LLC (0.02%), Kades & Cheifetz LLC (0.01%) and Concourse Financial Group Securities Inc. (0.00%).
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Shares of ABUS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ABUS stock can currently be purchased for approximately $2.90.

Arbutus Biopharma (NASDAQ:ABUS) has a market capitalization of $434.86 million and generates $10.99 million in revenue each year. The biopharmaceutical company earns $-76,250,000.00 in net income (profit) each year or ($0.48) on an earnings per share basis.

Arbutus Biopharma's mailing address is 701 VETERANS CIRCLE, WARMINSTER PA, 18974. The official website for the company is www.arbutusbio.com. The biopharmaceutical company can be reached via phone at (267) 469-0914, via email at ir@arbutusbio.com, or via fax at 604-419-3201.