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NASDAQ:ADVM

Adverum Biotechnologies - ADVM Stock Forecast, Price & News

$0.62
-0.01 (-1.59%)
(As of 12/8/2022 12:00 AM ET)
Add
Compare
Today's Range
$0.62
$0.65
50-Day Range
$0.62
$1.03
52-Week Range
$0.62
$2.04
Volume
531,119 shs
Average Volume
960,109 shs
Market Capitalization
$61.83 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.00

Adverum Biotechnologies MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
383.9% Upside
$3.00 Price Target
Short Interest
Healthy
2.68% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.78
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$48,529 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.57) to ($1.34) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.44 out of 5 stars

Medical Sector

179th out of 1,022 stocks

Biological Products, Except Diagnostic Industry

24th out of 171 stocks

ADVM stock logo

About Adverum Biotechnologies (NASDAQ:ADVM) Stock

Adverum Biotechnologies, Inc., a clinical-stage gene therapy company, develops gene therapy product candidates to treat ocular and rare diseases. Its lead product candidate is ADVM-022, a single intravitreal injection gene therapy candidate used for the treatment of patients with chronic retinal, including wet age-related macular degeneration and diabetic macular edema. Adverum Biotechnologies, Inc. has license and collaboration agreements with University of California; Cornell University; GenSight; Lexeo; and Virovek. The company was formerly known as Avalanche Biotechnologies, Inc. and changed its name to Adverum Biotechnologies, Inc. in May 2016. Adverum Biotechnologies, Inc. was incorporated in 2006 and is headquartered in Redwood City, California.

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ADVM Company Calendar

Last Earnings
11/04/2021
Today
12/08/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
4/04/2023

Industry, Sector and Symbol

Industry
Biological products, except diagnostic
Sub-Industry
N/A
Sector
Medical
Current Symbol
NASDAQ:ADVM
Employees
188
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$3.00
High Stock Price Forecast
$4.00
Low Stock Price Forecast
$2.00
Forecasted Upside/Downside
+383.9%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$-145,540,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$7.50 million
Book Value
$3.22 per share

Miscellaneous

Free Float
96,438,000
Market Cap
$61.83 million
Optionable
Optionable
Beta
1.04

Key Executives

  • Dr. Laurent FischerDr. Laurent Fischer (Age 58)
    Pres, CEO & Director
    Comp: $921.08k
  • Mr. Kishor Peter Soparkar J.D. (Age 51)
    Chief Operating Officer
    Comp: $622.55k
  • Dr. Brigit Riley Ph.D. (Age 44)
    Chief Scientific Officer
    Comp: $816.08k
  • Mr. John W. Rakow J.D. (Age 65)
    Sr. VP, Gen. Counsel & Acting CFO
  • Ms. Nancy E. Pecota (Age 62)
    Principal Accounting Officer
  • Mr. Heikki Jouttijarvi
    Sr. VP & Head of Technical Operations
  • Ms. Dena House
    Sr. VP of HR, Organizational Devel. & Learning
  • Ms. Carla Fiankan
    Sr. VP of Regulatory Affairs
  • Dr. Jim Wang Ph.D.
    Chief Regulatory Officer
  • Mr. Michael Steel
    Sr. VP of Quality













ADVM Stock - Frequently Asked Questions

Should I buy or sell Adverum Biotechnologies stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Adverum Biotechnologies in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ADVM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ADVM, but not buy additional shares or sell existing shares.
View ADVM analyst ratings
or view top-rated stocks.

What is Adverum Biotechnologies' stock price forecast for 2023?

3 equities research analysts have issued 1 year target prices for Adverum Biotechnologies' stock. Their ADVM share price forecasts range from $2.00 to $4.00. On average, they predict the company's share price to reach $3.00 in the next twelve months. This suggests a possible upside of 375.5% from the stock's current price.
View analysts price targets for ADVM
or view top-rated stocks among Wall Street analysts.

How have ADVM shares performed in 2022?

Adverum Biotechnologies' stock was trading at $1.76 at the start of the year. Since then, ADVM shares have decreased by 64.2% and is now trading at $0.6309.
View the best growth stocks for 2022 here
.

When is Adverum Biotechnologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 4th 2023.
View our ADVM earnings forecast
.

How were Adverum Biotechnologies' earnings last quarter?

Adverum Biotechnologies, Inc. (NASDAQ:ADVM) issued its quarterly earnings results on Thursday, November, 4th. The biotechnology company reported ($0.39) EPS for the quarter, missing analysts' consensus estimates of ($0.38) by $0.01.

What is Laurent Fischer, M.D.'s approval rating as Adverum Biotechnologies' CEO?

3 employees have rated Adverum Biotechnologies Chief Executive Officer Laurent Fischer, M.D. on Glassdoor.com. Laurent Fischer, M.D. has an approval rating of 72% among the company's employees.

What other stocks do shareholders of Adverum Biotechnologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Adverum Biotechnologies investors own include CTI BioPharma (CTIC), California Resources (CRC), CA (CA), BlackRock (BLK), Amarin (AMRN), Endologix (ELGX), Immunomedics (IMMU), Advanced Micro Devices (AMD), Aurinia Pharmaceuticals (AUPH) and Genocea Biosciences (GNCA).

What is Adverum Biotechnologies' stock symbol?

Adverum Biotechnologies trades on the NASDAQ under the ticker symbol "ADVM."

Who are Adverum Biotechnologies' major shareholders?

Adverum Biotechnologies' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (4.01%), BlackRock Inc. (3.21%), Renaissance Technologies LLC (1.13%), Two Sigma Advisers LP (1.05%), Two Sigma Investments LP (1.05%) and Jacobs Levy Equity Management Inc. (0.56%). Insiders that own company stock include Dawn Svoronos, James Paul Scopa, Julie Clark, Laurent Fischer, Leone D Patterson, Mehdi Gasmi, Patrick Machado, Peter Soparkar, Richard Beckman, Rupert D'souza and Setareh Seyedkazemi.
View institutional ownership trends
.

How do I buy shares of Adverum Biotechnologies?

Shares of ADVM 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.
Compare Top Brokerages Here.

What is Adverum Biotechnologies' stock price today?

One share of ADVM stock can currently be purchased for approximately $0.63.

How much money does Adverum Biotechnologies make?

Adverum Biotechnologies (NASDAQ:ADVM) has a market capitalization of $62.92 million and generates $7.50 million in revenue each year. The biotechnology company earns $-145,540,000.00 in net income (profit) each year or ($1.57) on an earnings per share basis.

How many employees does Adverum Biotechnologies have?

The company employs 188 workers across the globe.

How can I contact Adverum Biotechnologies?

Adverum Biotechnologies' mailing address is 800 Saginaw Drive, Redwood City CA, 94063. The official website for the company is www.adverum.com. The biotechnology company can be reached via phone at (650) 656-9323, via email at mlacy@adverum.com, or via fax at 650-329-8151.

This page (NASDAQ:ADVM) was last updated on 12/8/2022 by MarketBeat.com Staff