AVEO Pharmaceuticals Inc. (NASDAQ:AVEO) finished Friday with an addition of $0.01 to close at $14.95, an upside of 0.07 percent. An average of 338,700 shares of common stock have been traded in the last five days. There was a gain of $0.02 in the past week, and it reached a new high 25 times over the past 12 months. The last 20 days have seen an average of 357,725 shares traded, while the 50-day average volume stands at 866,490.
AVEO stock has decreased by 0.00% in the last month. The company shares reached their 1-month lowest point of $14.86 on 12/01/22. With the stock rallying to its 52-week high on 12/28/22, shares of the company touched a low of $3.06 and a high of $14.98 in 52 weeks. It has reached a new high 24 times so far this year and achieved 218.76% or $10.26 in price. In spite of this, the price is down -0.20% from the 52-week high.
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AVEO Pharmaceuticals Inc. (AVEO) stock’s beta is 1.00. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.51, the price-to-book (PB) ratio at 18.01.
The quick ratio of AVEO Pharmaceuticals Inc. for the three months ended September 29 was 2.30, and the current ratio was 2.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.94 and a total debt to equity ratio of 1.34 for the quarter ending September 29. Its gross profit as reported stood at $37.56 million compared to revenue of $42.3 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, AVEO Pharmaceuticals Inc.’s return on assets was -28.80%.
For the three-month period that ended September 29, AVEO Pharmaceuticals Inc. had $27.19 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$3.27 million in the quarter, while revenues of -$8.32 million were shrunk -217.13%. The analyst consensus anticipated AVEO Pharmaceuticals Inc.’s latest quarter earnings to come in at -$0.18 per share, but it turned out to be -$0.09, a 50.00% surprise. For the quarter, EBITDA amounted to -$2.16 million. Shareholders own equity worth $34.76 million.
From a technical analysis perspective, let’s take a brief look at AVEO Pharmaceuticals Inc. (AVEO) price momentum. RSI 9-day as of the close on 30 December was 68.13%, suggesting the stock is Neutral, with historical volatility in this time frame at 1.79%.
As of today, AVEO’s price is $14.95 +0.13% or $0.02 from its 5-day moving average. AVEO is currently trading +0.13% higher than its 20-day SMA and +95.17% higher than its 100-day SMA. However, the stock’s current price level is +1.49% above the SMA50 and +184.22% above the SMA200.
The stochastic %K and %D were 59.26% and 67.90%, respectively, and the average true range (ATR) was 0.04. With the 14-day stochastic at 66.67% and the average true range at 0.06, the RSI (14) stands at 75.19%. The stock has reached 0.01 on the 9-day MACD Oscillator while the 14-day reading was at 0.02.
Stifel downgraded AVEO Pharmaceuticals Inc. (NASDAQ: AVEO) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for AVEO Pharmaceuticals Inc. (AVEO) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AVEO, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is AVEO’s price target for the next 12 months?
Analysts predict a range of price targets between $15.00 and $15.00, with a median target of $15.00. Taking a look at these predictions, the average price target given by analysts for AVEO Pharmaceuticals Inc. (AVEO) stock is $15.00.