Adverum Biotechnologies Stock Forecast, Price & News

$2.32
-0.11 (-4.53 %)
(As of 07/27/2021 05:08 PM ET)
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Today's Range
$2.29
$2.44
50-Day Range
$2.36
$3.82
52-Week Range
$2.26
$19.25
Volume2.08 million shs
Average Volume2.01 million shs
Market Capitalization$227.21 million
P/E RatioN/A
Dividend YieldN/A
Beta1.2
30 days | 90 days | 365 days | Advanced Chart
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Adverum Biotechnologies logo

About Adverum Biotechnologies

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 diseases, 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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MarketRank

Overall MarketRank

1.91 out of 5 stars

Medical Sector

251st out of 2,218 stocks

Biological Products, Except Diagnostic Industry

30th out of 213 stocks

Analyst Opinion: 4.0Community Rank: 3.2Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
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Adverum Biotechnologies (NASDAQ:ADVM) Frequently Asked Questions

Is Adverum Biotechnologies a buy right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Adverum Biotechnologies in the last year. There are currently 10 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Adverum Biotechnologies stock. 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 analyst ratings for Adverum Biotechnologies
or view top-rated stocks.

What stocks does MarketBeat like better than Adverum Biotechnologies?

Wall Street analysts have given Adverum Biotechnologies a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Adverum Biotechnologies wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Adverum Biotechnologies?

Adverum Biotechnologies saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 11,200,000 shares, an increase of 31.1% from the June 15th total of 8,540,000 shares. Based on an average trading volume of 3,030,000 shares, the days-to-cover ratio is currently 3.7 days. Approximately 15.0% of the company's stock are sold short.
View Adverum Biotechnologies' Short Interest
.

When is Adverum Biotechnologies' next earnings date?

Adverum Biotechnologies is scheduled to release its next quarterly earnings announcement on Monday, August 9th 2021.
View our earnings forecast for Adverum Biotechnologies
.

How were Adverum Biotechnologies' earnings last quarter?

Adverum Biotechnologies, Inc. (NASDAQ:ADVM) announced its quarterly earnings data on Wednesday, May, 5th. The biotechnology company reported ($0.29) earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.38) by $0.09. The biotechnology company earned $7.50 million during the quarter, compared to analyst estimates of $0.46 million.
View Adverum Biotechnologies' earnings history
.

How has Adverum Biotechnologies' stock been impacted by Coronavirus?

Adverum Biotechnologies' stock was trading at $9.26 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ADVM stock has decreased by 74.9% and is now trading at $2.32.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for ADVM?

11 equities research analysts have issued twelve-month target prices for Adverum Biotechnologies' stock. Their forecasts range from $2.00 to $30.00. On average, they expect Adverum Biotechnologies' share price to reach $9.38 in the next twelve months. This suggests a possible upside of 304.1% from the stock's current price.
View analysts' price targets for Adverum Biotechnologies
or view top-rated stocks among Wall Street analysts.

Who are Adverum Biotechnologies' key executives?

Adverum Biotechnologies' management team includes the following people:
  • Dr. Laurent Fischer, CEO & Director (Age 57, Pay $922.92k) (LinkedIn Profile)
  • Ms. Leone D. Patterson M.B.A., Pres, CFO, Principal Financial Officer & Principal Accounting Officer (Age 58, Pay $914.55k)
  • Ms. Angela Thedinga M.B.A., M.P.H., Chief Technology Officer (Age 39, Pay $577.96k)
  • Dr. Aaron Osborne MBBS, Consultant (Age 46, Pay $682.4k)
  • Dr. Brigit Riley Ph.D., Chief Scientific Officer
  • Ms. Amy Figueroa, VP of Investor Relations & Corp. Communications
  • Mr. Peter Soparkar J.D., Chief Legal Officer & Corp. Sec. (Age 50)
  • Ms. Dena House, VP of HR
  • Mr. Christopher J. DeRespino, Chief Bus. Officer
  • Dr. Julie Clark M.D., Chief Medical Officer

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

3 employees have rated Adverum Biotechnologies CEO Laurent Fischer, M.D. on Glassdoor.com. Laurent Fischer, M.D. has an approval rating of 72% among Adverum Biotechnologies' employees.

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), 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."

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 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 $2.32.

How much money does Adverum Biotechnologies make?

Adverum Biotechnologies has a market capitalization of $227.21 million and generates $250,000.00 in revenue each year. The biotechnology company earns $-117,510,000.00 in net income (profit) each year or ($1.38) on an earnings per share basis.

How many employees does Adverum Biotechnologies have?

Adverum Biotechnologies employs 167 workers across the globe.

What is Adverum Biotechnologies' official website?

The official website for Adverum Biotechnologies is www.adverum.com.

Where are Adverum Biotechnologies' headquarters?

Adverum Biotechnologies is headquartered at 800 Saginaw Drive, Redwood City CA, 94063.

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 7/27/2021 by MarketBeat.com Staff
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