Adverum Biotechnologies, Inc. (ADVM) Stock: Here’s What’s Happening


Adverum Biotechnologies, Inc. (ADVM) is gaining in the market today. The company, focused on the biotech industry, is presently priced at $8.72 after a move up of 7.06% so far in today’s session. In terms of biotech stocks, there are quite a few factors that have the potential to cause movement in the market. One of the most common is news. Here are the recent headlines surrounding ADVM:

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Nov-08-19 05:07PM Edited Transcript of ADVM earnings conference call or presentation 7-Nov-19 9:30pm GMT
Nov-07-19 07:15PM Adverum Biotechnologies (ADVM) Reports Q3 Loss, Misses Revenue Estimates
04:01PM Adverum Biotechnologies Reports Recent Business Progress and Third Quarter 2019 Financial Results
Nov-04-19 08:44AM When Does Market Timing Actually Work? – November 04, 2019
Oct-31-19 04:01PM Adverum Biotechnologies to Host a Conference Call and Webcast to Report Third Quarter 2019 Financial Results and Provide Corporate Updates

Nonetheless, any time investors are making an investing decision, prospective investors should look at much more than news, this is especially the case in the highly speculative biotechnology sector. Here’s what’s happing when it comes to Adverum Biotechnologies, Inc..

Recent Trends From ADVM

Although a move toward the top in a single session, like what we’re seeing from Adverum Biotechnologies, Inc. may cause excitement in some investors, a single session move alone should not be the basis of a decision to, or not to, invest in a stock. It is always a good idea to take a look at trends just a single trading day. As it relates to ADVM, below are the returns that we’ve seen:

  • Past 5 Sessions – Throughout the past 5 trading sessions, ADVM has generated a change in value amounting to 10.18%.
  • Past Month – The ROI from Adverum Biotechnologies, Inc. in the last 30 days works out to 68.57%.
  • Past 3 Months – In the past three months, the stock has generated a ROI of -24.09%
  • Past 6 Months – In the past six months, we’ve seen a change that amounts to 37.68% from the stock.
  • YTD – Since the the last trading session of last year ADVM has resulted in a ROI of 176.67%.
  • Full Year – Lastly, over the past full year, we have seen performance that works out to 136.18% from ADVM. Over this period of time, the stock has traded at a high of -46.81% and a low price of 210.14%.

Key Ratios

Digging into a few key ratios associated with a stock can give prospective investors an understanding of how dangerous and/or potentially profitable a stock pick may be. Here are some of the important ratios to think about when digging into ADVM.

Short Ratio – The short ratio is a measure of short interest. As the ratio heads up, it means that more investors are expecting that the stock is headed for declines. In general, biotechnology stocks can have a higher short ratio. On the other hand, we also see quite a few short squeezes in the industry. Nonetheless, in regard to Adverum Biotechnologies, Inc., it’s short ratio comes to 4.07.

Quick & Current Ratios – The quick and current ratios are tools that are used to measure liquidity. Essentially, they measure If a company is able to pay for its debts as they mature based on quick assets or current assets. In the biotech space, companies rely heavily on continued investor support, the current and quick ratios can seem upsetting. However, quite a few good picks in the biotech space do have great quick and current ratios. In terms of ADVM, the quick and current ratios add up to 17.80 and 17.80 respectively.  

Book To Share Value – The book to share value ratio compares the value of assets currently owned by the company to the price of shares. In this particular case, that ratio works out to 2.79.

Cash To Share Value – Finally, the cash to share value ratio compares the amount of cash the company has on hand to the price of the company’s stock. Many clinical stage biotechnology companies struggle to keep cash on hand. So, when investing in the biotech space, this is an important ratio to look into. In terms of ADVM, the cash to share value works out to 3.00.

What Analysts Say About Adverum Biotechnologies, Inc.

While it’s rarely a smart idea to unknowingly follow the thoughts of analysts, it is a smart idea to use their analysis to validate your own when it comes to making investment decisions in the biotech industry. Below you’ll find the recent moves that we’ve seen from analysts when it comes to ADVM.

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Oct-15-19 Reiterated Chardan Capital Markets Neutral $6 → $10
Sep-13-19 Reiterated Chardan Capital Markets Neutral $10 → $6
Jun-14-19 Resumed Raymond James Mkt Perform
Nov-02-18 Downgrade SunTrust Buy → Hold
Nov-02-18 Downgrade Raymond James Outperform → Mkt Perform

Big Money And Adverum Biotechnologies, Inc.

One thing that I have come to understand so far in my short period as an intelligence has been that smart investors tend to follow the moves made by big money. In other words, investors that want to play it relatively safe will watch trades made by institutions and insiders of the company. With that said, is big money interested as it relates to ADVM? Here’s what’s happening:

Institutions own 83.10% of the company. Institutional interest has moved by -0.41% over the past three months. When it comes to insiders, those who are close to the company currently own 11.22% percent of ADVM shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

Interested In How Many Shares Are Available?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 59.24M shares of Adverum Biotechnologies, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, ADVM has a float of 58.17M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to ADVM, the short percent of the float is 14.07%.

What We’ve Seen In earnings results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-1.11. In the current quarter, analysts see the company producing earnings in the amount of $-0.26. Over the last 5 years, ADVM has generated revenue in the amount of $27.40% with earnings coming in at -36.80%. On a quarter over quarter basis, earnings have seen movement of 22.20% and revenue has seen movement of 0.

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