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NASDAQ:ADVMAdverum Biotechnologies Stock Price, Forecast & News

$17.88
+1.11 (+6.62 %)
(As of 08/3/2020 04:00 PM ET)
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Today's Range
$16.71
Now: $17.88
$18.07
50-Day Range
$16.65
MA: $20.09
$25.64
52-Week Range
$4.96
Now: $17.88
$26.98
Volume1.15 million shs
Average Volume1.39 million shs
Market Capitalization$1.44 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.07
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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Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.36 out of 5 stars


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$1.44 billion
Next Earnings Date8/10/2020 (Confirmed)
OptionableOptionable
$17.88
+1.11 (+6.62 %)
(As of 08/3/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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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 (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ADVM stock has increased by 93.1% and is now trading at $17.88.
View which stocks have been most impacted by Coronavirus
.

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

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adverum Biotechnologies in the last year. There are currently 1 sell rating and 8 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 Monday, August 10th 2020.
View our earnings forecast for Adverum Biotechnologies
.

How can I listen to Adverum Biotechnologies' earnings call?

Adverum Biotechnologies will be holding an earnings conference call on Monday, August 10th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Adverum Biotechnologies' earnings last quarter?

Adverum Biotechnologies Inc (NASDAQ:ADVM) issued its earnings results on Thursday, May, 28th. The biotechnology company reported ($0.31) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.27) by $0.04.
View Adverum Biotechnologies' earnings history
.

What price target have analysts set for ADVM?

9 brokers have issued 1-year price objectives for Adverum Biotechnologies' shares. Their forecasts range from $17.00 to $36.00. On average, they expect Adverum Biotechnologies' stock price to reach $23.63 in the next twelve months. This suggests a possible upside of 32.1% from the stock's current price.
View analysts' price targets for Adverum Biotechnologies
.

Has Adverum Biotechnologies been receiving favorable news coverage?

News articles about ADVM stock have trended extremely negative on Monday, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Adverum Biotechnologies earned a media sentiment score of -4.0 on InfoTrie's scale. They also assigned news coverage about the biotechnology company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the next few days.
View the latest news about Adverum 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), Immunomedics (IMMU), Amarin (AMRN), Advanced Micro Devices (AMD), Chipotle Mexican Grill (CMG) and Crispr Therapeutics (CRSP).

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 variety of institutional and retail investors. Top institutional investors include Versant Venture Management LLC (8.72%), UBS Group AG (2.07%), Rhenman & Partners Asset Management AB (0.62%), Assenagon Asset Management S.A. (0.40%), Candriam Luxembourg S.C.A. (0.28%) and Parallel Advisors LLC (0.06%). 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 institutional investors are selling Adverum Biotechnologies stock?

ADVM stock was sold by a variety of institutional investors in the last quarter, including UBS Group AG, Versant Venture Management LLC, Rhenman & Partners Asset Management AB, SG Americas Securities LLC, Parallel Advisors LLC, and Zurcher Kantonalbank Zurich Cantonalbank . 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 institutional investors are buying Adverum Biotechnologies stock?

ADVM stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Mackay Shields LLC, Candriam Luxembourg S.C.A., Dupont Capital Management Corp, ProShare Advisors LLC, Raymond James Financial Services Advisors Inc., Nwam LLC, and Signaturefd LLC.
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 $17.88.

How big of a company is Adverum Biotechnologies?

Adverum Biotechnologies has a market capitalization of $1.44 billion 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.

What is Adverum Biotechnologies' official website?

The official website for Adverum Biotechnologies is 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]

This page was last updated on 8/4/2020 by MarketBeat.com Staff

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