The market performance of Avidity Biosciences Inc has been somewhat stable. Over the past year, the company’s stock achieved a high of $50.78 on 10/18/24, with the lowest value for the same timeframe being $4.82, recorded on 10/31/23.
52-week price history of RNA Stock
Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Avidity Biosciences Inc’s current trading price is -8.01% away from its 52-week high, while its distance from the 52-week low is 868.08%. The stock’s price range for this period has remained between $4.82 and $50.78. The Healthcare sector company’s shares managed to surpass a trading volume of around 1.17 million for the day, which was noticeably lower compared to the shares’ average daily volume of 1.35 million over the last three months.
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Financial Performance and Market Capitalization
Avidity Biosciences Inc (RNA) has experienced a quarterly rise of 1.63% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.47B and boasts a workforce of 253 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 42.00, with a change in price of +20.10. Similarly, Avidity Biosciences Inc recorded 1,560,004 in trading volume during the last 100 days, posting a change of +75.54%.
RNA Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for RNA stands at 0.01. Similarly, the long-term debt-to-equity ratio is also 0.00.
RNA Stock Stochastic Average
As of today, the raw stochastic average of Avidity Biosciences Inc over the last 50 days is at 64.39%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 58.34%. Further, the company’s Stochastic %K and %D values for the last 20 days were 80.80% and 85.14%, respectively.
RNA Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Until today this year the stock’s price performance recorded an increase of 416.13%. However, over the last six months, the performance has been weaker by 93.34%. The price of RNA increased 5.01% over the last 30 days. And in the last five days, it has fallen by 0.00%.
