Avidity Biosciences - RNA Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Avidity Biosciences in the last year. There are currently 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" RNA shares.
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5 equities research analysts have issued 1 year target prices for Avidity Biosciences' stock. Their RNA share price forecasts range from $27.00 to $71.00. On average, they expect the company's share price to reach $44.60 in the next twelve months. This suggests a possible upside of 98.6% from the stock's current price.
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Avidity Biosciences' stock was trading at $22.19 at the start of the year. Since then, RNA stock has increased by 1.2% and is now trading at $22.46.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
View our RNA earnings forecast.

Avidity Biosciences, Inc. (NASDAQ:RNA) announced its earnings results on Tuesday, November, 8th. The biotechnology company reported ($0.82) earnings per share for the quarter, beating the consensus estimate of ($0.97) by $0.15. The biotechnology company earned $2.48 million during the quarter, compared to analysts' expectations of $2.39 million. Avidity Biosciences had a negative trailing twelve-month return on equity of 42.97% and a negative net margin of 1,950.91%.

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 served 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 Aaron Wealth Advisors LLC (0.25%) and Harbor Capital Advisors Inc. (0.08%). Insiders that own company stock include Arthur A Levin, Rtw Investments, Lp and Sarah Boyce.
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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.
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One share of RNA stock can currently be purchased for approximately $22.46.

Avidity Biosciences (NASDAQ:RNA) has a market capitalization of $1.22 billion and generates $9.33 million in revenue each year. The biotechnology company earns $-118,010,000.00 in net income (profit) each year or ($3.27) 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.