Atea Pharmaceuticals Inc. (NASDAQ:AVIR) saw an upside of 1.53% to $38.98 after adding $0.59 on Wednesday. The 5-day average trading volume is 1,870,678 shares of the company’s common stock. It has gained $43.23 in the past week. An average of 3,132,055 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,961,860.
AVIR’s 1-month performance is 37.70% or $12.05 on its low of $25.56 reached on 09/15/21. The company’s shares have touched a 52-week low of $18.72 and high of $94.17. YTD, AVIR has lost -8.11% or -$1.85. However, the current price is down -58.61%% from the 52-week high price.
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The company’s PE ratio for the last five years has touched a high of 393.61 and a low of 54.95. AVIR stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 18.60 while the price-to-book (PB) in the most recent quarter is 5.31.
Atea Pharmaceuticals Inc.’s quick ratio for the period ended June 29 was 3.20, with the current ratio over the same period at 3.20 meaning that AVIR stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00The trailing 12-month EBITDA margin is -22.64%. The firm’s gross profit as reported stood at $59.66 million against revenue of $48.63 million.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected AVIR to announce $0 per share in earnings in its latest quarter, but it posted $0.02. EBITDA for the quarter stood at more than $8.7 million. AVIR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 273.68 million, with total debt at $29000.0. Shareholders hold equity totaling $82.78 million
Let’s look briefly at Atea Pharmaceuticals Inc. (AVIR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 61.10% to suggest the stock is trending Neutral, with historical volatility in this time period at 111.27%.
The stock’s 5-day moving average is $39.65, reflecting a +0.15% or $0.06 change from its current price. AVIR is currently trading +53.70% above its 20-day SMA, +78.02% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +43.43% and +2.15% respectively.
Stochastic %K and %D was 53.76% and 57.58% and the average true range (ATR) pointed at 3.51. The RSI (14) points at 61.92%, while the 14-day stochastic is at 57.18% with the period’s ATR at 3.28. The stock’s 9-day MACD Oscillator is pointing at -1.73 and 1.03 on the 14-day charts.
In the most recent analyst report for Atea Pharmaceuticals Inc. (NASDAQ: AVIR), Morgan Stanley downgraded it to an Equal-weight rating. They previously had an Overweight rating on the stock. Analysts offering their rating for AVIR stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate AVIR as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is AVIR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $55.00 and a high of $60.00, with their median price target at $56.00. Looking at these predictions, the average price target given by analysts is for Atea Pharmaceuticals Inc. (AVIR) stock is $57.00.