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NASDAQ:ADVM - Adverum Biotechnologies Stock Price, Forecast & News

$11.43
-0.66 (-5.46 %)
(As of 03/27/2020 04:00 PM ET)
Today's Range
$11.31
Now: $11.43
$12.08
50-Day Range
$7.98
MA: $12.23
$16.32
52-Week Range
$4.20
Now: $11.43
$16.81
Volume618,413 shs
Average Volume1.77 million shs
Market Capitalization$910.74 million
P/E RatioN/A
Dividend YieldN/A
Beta2.24
Adverum Biotechnologies, Inc., a clinical-stage gene therapy company, engages in developing gene therapy product candidates to treat ocular and rare diseases. Its pipeline of product candidates includes ADVM-022, an adeno- associated virus (AAV). 7m8-aflibercept for the treatment of wet age-related macular degeneration; ADVM-043, an investigational gene therapy candidate for the treatment of alpha-1 antitrypsin deficiency; and ADVM-053, a preclinical gene therapy product candidate for the treatment of hereditary angioedema. The company has collaboration agreements with Editas Medicine, Inc. to leverage its proprietary AAV vectors for genome editing technologies to treat up to five inherited retinal diseases; and Regeneron Pharmaceuticals, Inc. for the development of up to eight distinct ocular therapeutic targets. The company was formerly known as Avalanche Biotechnologies, Inc. and changed its name to Adverum Biotechnologies, Inc. in May 2016. Adverum Biotechnologies, Inc. was founded in 2006 and is headquartered in Menlo Park, California.
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Adverum Biotechnologies logo

Industry, Sector and Symbol

Industry Biological products, except diagnostic
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:ADVM
CUSIPN/A
Phone650-656-9323

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$250,000.00
Book Value$2.71 per share

Profitability

Net Income$-64,490,000.00

Miscellaneous

Employees82
Market Cap$910.74 million
Next Earnings Date5/13/2020 (Estimated)
OptionableOptionable

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Adverum Biotechnologies (NASDAQ:ADVM) Frequently Asked Questions

How has Adverum Biotechnologies' stock been impacted by COVID-19 (Coronavirus)?

Adverum Biotechnologies' stock was trading at $9.26 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, ADVM stock has increased by 23.4% and is now trading at $11.43. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Adverum Biotechnologies?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adverum Biotechnologies in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Adverum Biotechnologies.

When is Adverum Biotechnologies' next earnings date?

Adverum Biotechnologies is scheduled to release its next quarterly earnings announcement on Wednesday, May 13th 2020. View our earnings forecast for Adverum Biotechnologies.

How were Adverum Biotechnologies' earnings last quarter?

Adverum Biotechnologies Inc (NASDAQ:ADVM) announced its quarterly earnings results on Thursday, March, 12th. The biotechnology company reported ($0.29) EPS for the quarter, hitting the Thomson Reuters' consensus estimate of ($0.29). View Adverum Biotechnologies' earnings history.

What price target have analysts set for ADVM?

8 brokers have issued 12 month target prices for Adverum Biotechnologies' shares. Their forecasts range from $13.00 to $21.00. On average, they expect Adverum Biotechnologies' stock price to reach $18.50 in the next twelve months. This suggests a possible upside of 61.9% from the stock's current price. View analysts' price targets for Adverum Biotechnologies.

Has Adverum Biotechnologies been receiving favorable news coverage?

Media coverage about ADVM stock has trended positive on Saturday, according to InfoTrie. InfoTrie rates the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Adverum Biotechnologies earned a media sentiment score of 2.1 on InfoTrie's scale. They also gave news articles about the biotechnology company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the near future. View the latest news aboutAdverum Biotechnologies.

Who are some of Adverum Biotechnologies' key competitors?

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), Endologix (ELGX), Amarin (AMRN), Immunomedics (IMMU), Crispr Therapeutics (CRSP), Nextera Energy Partners (NEP) and ZIOPHARM Oncology (ZIOP).

Who are Adverum Biotechnologies' key executives?

Adverum Biotechnologies' management team includes the following people:
  • Dr. Mehdi Gasmi, Pres & Chief Scientific Officer (Age 52)
  • Dr. Mitchell H. Finer, Co-Founder & Director (Age 60)
  • Dr. Amber Salzman, Consultant (Age 57)
  • Ms. Leone D. Patterson, CEO & Director (Age 56)
  • Mr. Thomas Leung, Chief Financial Officer

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 retail and institutional investors. Top institutional shareholders include Kam Lawrence (6.26%), State Street Corp (4.83%), UBS Group AG (4.36%), Renaissance Technologies LLC (2.25%), Goldman Sachs Group Inc. (1.77%) and Victory Capital Management Inc. (1.27%). Company insiders that own Adverum Biotechnologies stock include James Paul Scopa, Leone D Patterson and Mehdi Gasmi. View institutional ownership trends for Adverum Biotechnologies.

Which major investors are selling Adverum Biotechnologies stock?

ADVM stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, Renaissance Technologies LLC, Schonfeld Strategic Advisors LLC, Rafferty Asset Management LLC, Citigroup Inc., Geode Capital Management LLC, Jane Street Group LLC, and Tower Research Capital LLC TRC. Company insiders that have sold Adverum Biotechnologies company stock in the last year include Leone D Patterson, and Mehdi Gasmi. View insider buying and selling activity for Adverum Biotechnologies.

Which major investors are buying Adverum Biotechnologies stock?

ADVM stock was bought by a variety of institutional investors in the last quarter, including Kam Lawrence, Goldman Sachs Group Inc., UBS Group AG, Rhenman & Partners Asset Management AB, Barclays PLC, Frazier Management LLC, UBS Asset Management Americas Inc., and Victory Capital Management Inc.. View insider buying and selling activity for Adverum Biotechnologies.

How do I buy shares of Adverum Biotechnologies?

Shares of ADVM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Adverum Biotechnologies' stock price today?

One share of ADVM stock can currently be purchased for approximately $11.43.

How big of a company is Adverum Biotechnologies?

Adverum Biotechnologies has a market capitalization of $910.74 million and generates $250,000.00 in revenue each year. The biotechnology company earns $-64,490,000.00 in net income (profit) each year or ($1.01) on an earnings per share basis. Adverum Biotechnologies employs 82 workers across the globe. View additional information about Adverum Biotechnologies.

What is Adverum Biotechnologies' official website?

The official website for Adverum Biotechnologies is http://www.adverum.com/.

How can I contact Adverum Biotechnologies?

Adverum Biotechnologies' mailing address is 800 Saginaw Drive, Redwood City CA, 94063. The biotechnology company can be reached via phone at 650-656-9323 or via email at [email protected]


MarketBeat Community Rating for Adverum Biotechnologies (NASDAQ ADVM)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  315 (Vote Outperform)
Underperform Votes:  350 (Vote Underperform)
Total Votes:  665
MarketBeat's community ratings are surveys of what our community members think about Adverum Biotechnologies and other stocks. Vote "Outperform" if you believe ADVM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ADVM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/28/2020 by MarketBeat.com Staff

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