Avidity Biosciences - RNA Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Avidity Biosciences in the last twelve months. There are currently 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" RNA shares.
View RNA analyst ratings or view top-rated stocks.

4 Wall Street research analysts have issued 12-month price targets for Avidity Biosciences' shares. Their RNA share price forecasts range from $29.00 to $59.00. On average, they expect the company's share price to reach $42.50 in the next twelve months. This suggests a possible upside of 129.2% from the stock's current price.
View analysts price targets for RNA or view top-rated stocks among Wall Street analysts.

Avidity Biosciences' stock was trading at $23.77 at the beginning of the year. Since then, RNA stock has decreased by 22.0% and is now trading at $18.54.
View the best growth stocks for 2022 here.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our RNA earnings forecast.

Avidity Biosciences, Inc. (NASDAQ:RNA) issued its earnings results on Tuesday, August, 9th. The biotechnology company reported ($0.92) EPS for the quarter, missing the consensus estimate of ($0.74) by $0.18. The biotechnology company had revenue of $2.18 million for the quarter, compared to the consensus estimate of $2.29 million. Avidity Biosciences had a negative net margin of 1,849.49% and a negative trailing twelve-month return on equity of 38.72%.

Based on aggregate information from My MarketBeat watchlists, some companies that other Avidity Biosciences investors own include GTX (GTXI), Inovio Pharmaceuticals (INO), Novavax (NVAX), Sarepta Therapeutics (SRPT), Avid Bioservices (CDMO), Dynavax Technologies (DVAX), iBio (IBIO), Intel (INTC), Ariad Pharmaceuticals (ARIA) and Corcept Therapeutics (CORT).

(RNA) raised $150 million in an initial public offering (IPO) on Friday, June 12th 2020. The company issued 10,000,000 shares at a price of $14.00-$16.00 per share. Cowen, SVB Leerink, Credit Suisse and Wells Fargo Securities acted as the underwriters for the IPO.

Avidity Biosciences trades on the NASDAQ under the ticker symbol "RNA."

Avidity Biosciences' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (15.12%), FMR LLC (7.31%), Cowen AND Company LLC (4.55%), State Street Corp (3.53%), Northern Trust Corp (0.92%) and Artisan Partners Limited Partnership (0.75%). Insiders that own company stock include Arthur A Levin, Rtw Investments, Lp and Sarah Boyce.
View institutional ownership trends.

Shares of RNA 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.

One share of RNA stock can currently be purchased for approximately $18.54.

Avidity Biosciences (NASDAQ:RNA) has a market capitalization of $966.49 million and generates $9.33 million in revenue each year. The biotechnology company earns $-118,010,000.00 in net income (profit) each year or ($3.13) on an earnings per share basis.

The company employs 125 workers across the globe.

Avidity Biosciences' mailing address is 10975 N. TORREY PINES RD. SUITE 150, LA JOLLA CA, 92037. The official website for the company is www.aviditybiosciences.com. The biotechnology company can be reached via phone at 858-401-7900 or via email at amy@juniper-point.com.