Geode Capital Management LLC has recently announced that it has increased stake in Atea Pharmaceuticals Inc. (NASDAQ:AVIR) by 3.67%. After grabbing 1.49 million shares, the institutional investor is now in possession of 52705.0 shares of the Healthcare Company. The new investment brought the stake of investor firm to 1.79% having worth around $4.87 million. Moreover, Citadel Advisors LLC increased its share by 0.63 million to have a control over 1.19 million shares.
Atea Pharmaceuticals Inc. (AVIR) concluded trading on 05/25/23 at a closing price of $4.63, with 1.88 million shares of worth about $8.71 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.70% during that period and on Thursday the price saw a loss of about -3.74%. Currently the company’s common shares owned by public are about 83.33M shares, out of which, 75.70M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 4 analysts are covering the AVIR stock and their offered price forecasts bring an average price target of $5.33. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $8.00 and could fall to a lowest price of $4.00. The stock’s current price level is -15.75% below of average price target set by the analysts, while a dip to estimated low would result in loss of -15.75% for the stock. However, touching the estimated high of $8.00 would mean a gain of 42.12% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 2 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 2 selling transactions, insiders dumped 41,666 shares.
Fidelity Growth Company Fund, Vanguard Total Stock Market ETF, and Fidelity Series Growth Company Fu are the top 3 mutual funds which are holding stakes in Atea Pharmaceuticals Inc. Fidelity Growth Company Fund is currently holding 2.92 million shares of worth totaling $9.55 million. The company recently came selling 38803.0 shares which brought its stake up to 3.51% of the company’s outstanding shares. Fidelity Series Growth Company Fu, after selling 1.68 million shares, have now control over 2.02% of the stake in the company. It holds 29900.0 shares of worth $5.49 million.
Atea Pharmaceuticals Inc. (NASDAQ: AVIR) started trading at $4.82, above $0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 4.8200, or with a loss of -3.74%. Stock saw a price change of 28.97% in past 5 days and over the past one month there was a price change of 39.88%. Year-to-date (YTD), AVIR shares are showing a performance of -3.74% which decreased to -38.51% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.94 but also hit the highest price of $9.79 during that period. The average intraday trading volume for Atea Pharmaceuticals Inc. shares is 751.36K. The stock is currently trading 27.94% above its 20-day simple moving average (SMA20), while that difference is up 34.15% for SMA50 and it goes to -5.36% lower than SMA200.
Geode Capital Management LLC acquired 1.49 million shares of Atea Pharmaceuticals Inc. having value of about $4.87 million. Data submitted at the U.S SEC by Geode Capital Management LLC revealed that the firm now holds 52705.0 shares in the company valued at close to $244024.15, or have control over 3.67% stake in the company. Atea Pharmaceuticals Inc. (NASDAQ: AVIR) currently have 83.33M outstanding shares and institutions hold larger chunk of about 69.80% of that. Holding of mutual funds in the company is about 28.12% while other institutional holders and individual stake holders have control over 37.23% and 23.64% of the stake respectively.
The stock has a current market capitalization of $374.66M. It has posted earnings per share of -$1.31 in the same period. It has Quick Ratio of 51.20 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AVIR, volatility over the week remained 7.39% while standing at 5.16% over the month.
Analysts are in expectations that Atea Pharmaceuticals Inc. (AVIR) stock would likely to be making an EPS of -$0.47 in the current quarter, while forecast for next quarter EPS is -$0.53 and it is -$2.84 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.55 which is -$0.42 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.38 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -201.40% while it is estimated to decrease by -33.30% in next year.
Analysts at 4 brokerage firms have issued recommendations for the Atea Pharmaceuticals Inc. (AVIR)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.70. Out of those 4 Wall Street analysts, 1 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
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