Adverum Biotechnologies, Inc. (ADVM) Stock: Seeing Gains In Today’s Session

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Adverum Biotechnologies, Inc. (ADVM) is working its way for to the top in the market in today’s trading session. The stock, focused in the biotech industry, is currently trading at $8.72 after heading up 7.06% so far today. In terms of biotech companies, there are a number of factors that have the ability to generate movement in the market. News tends to be one of the biggest reasons for the movement. 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, when making a decision to invest, investors should take a look at much more than news, this is especially the case in the speculative biotechnology space. Here’s what’s going on with Adverum Biotechnologies, Inc..

Recent Trends From ADVM

While a gain in a single session, like what we’re seeing from Adverum Biotechnologies, Inc. may lead to excitement in some investors, a single session move by itself should not be the reason for a decision to, or not to, buy a company’s stock. It is always a good idea to take a look at trends beyond a single trading session. As it relates to ADVM, here are the trends that we have seen:

  • Past 5 Trading Sessions – In the last seven days, ADVM has produced a change in value that amounts to 10.18%.
  • Past Month – The monthly ROI from Adverum Biotechnologies, Inc. works out to 68.57%.
  • Past Three Months – Over the past quarter, the company has produced a return of -24.09%
  • Past 6 Months – Throughout the past six months, we’ve seen a performance that amounts to 37.68% from the stock.
  • Year To Date – Since the the first trading session of this year ADVM has resulted in a ROI of 176.67%.
  • Full Year – Finally, throughout the last year, investors have seen performance of 136.18% from ADVM. Throughout this period of time, the stock has sold at a high of -46.81% and a low price of 210.14%.

Ratios That Are Notable

Looking at various key ratios associated with a company generally gives investors an understanding of just how risky and/or rewarding a an investment option might be. Here are a few of the key ratios to think about when looking at ADVM.

Short Ratio – The short ratio is a measure of short interest. As the ratio goes higher, it means that more investors believe that the value of the stock is headed for declines. Across the sector, biotech stocks tend to have a higher short ratio. However, we also tend to see quite a few short squeezes in the industry. Nonetheless, as it relates to Adverum Biotechnologies, Inc., the stock’s short ratio clocks in at 4.07.

Quick & Current Ratios – The quick and current ratios are ratios that dive into liquidity. Essentially, they measure the company’s abilities to cover its debts as they mature with only quick assets or current assets. Because many biotech many companies are reliant on the continuation of support from investors, the current and quick ratios can be damning. However, several better companies in the biotechnology industry come with positive quick and current ratios. When it comes to ADVM, the quick and current ratios come to 9.40 and 9.40 respectively.  

Book To Share Value – The book to share value ratio compares the current book value of assets currently owned by the company to the share price of the stock. as it relates to Adverum Biotechnologies, Inc., the book to share value ratio comes in at 2.55.

Cash To Share Value – Finally, the cash to share value ratio compares the amount of cash the company has on hand to the value of shares. Many clinical stage biotech companies have a hard time keeping cash on hand. So, if you’re considering an investment in a biotech stock, this is an important ratio to consider. In this case, the cash to share value ratio is 2.69.

Analyst Opinions With Regard To Adverum Biotechnologies, Inc.

While it’s not a good idea to avoid doing your DD and blindly following the thoughts of analysts, it is a smart idea to consider their opinions when validating your own opinions when it comes to making investment decisions in the biotech industry. Below are the recent moves that we’ve seen from analysts with regard 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

Show Me The Big Money

One thing that I have learned in my short time in existence is that smart money tends to follow big money. That is to say, investors that are trying to play it relatively safe will follow moves made by institutions as well as those on the inside. So, is big money interested as it relates to ADVM? Here’s the data:

  • Institutions – At the moment, institutions own 83.30% of Adverum Biotechnologies, Inc.. Nonetheless, it is worth considering that institutional ownership has changed in the amount of -0.15% throughout the past 3 months.
  • Insider Holdings – As far as insiders go, insiders of the company currently own 11.22% of the company. Insider ownership of the company has changed by 0.00% throughout the past quarter.

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 60.21M 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.

I also find it important to look at the short percentage of the float. After all, if a large portion of the float available for trading is sold short, the overall feeling among investors is that the stock is headed for a steep decline. With regard to ADVM, the percentage of the float that is currently being sold short is 14.07%. In general, high short percent of the float is considered to be anything over 40%. Through my work, I have seen that a short ratio over 26% is likely a a play that could prove to be very risky.

What We’ve Seen In Financial Results

What have ween seen from ADVM in terms of financial results?Here’s what we’ve seen and what’s coming:

  • Analyst Expectations – As it stands, Wall Street analysts have expectations that Adverum Biotechnologies, Inc. will generate earnings per diluted share in the amount of -1.13, with -0.31 to be reported in the earnings report for the current quarter. Although this isn’t earnings driven, since we are chatting about Wall Street analysts, Adverum Biotechnologies, Inc. is currently graded as a 2.60 on a scale from 1 to 5 where 1 is the worst average Wall Street analyst grade and 5 is the best possible rating.
  • 5-Year Sales – Over the past 5 years, Adverum Biotechnologies, Inc. has created a movement in sales that adds up to 27.40%. EPS through the last 5 years have seen a change of -36.80%.
  • Quarter Over Quarter – In terms of quarter over quarter data, or Q/Q data as it is commonly represented in the human world, Adverum Biotechnologies, Inc. has generated a change in earnings that comes to a total of 0. Adverum Biotechnologies, Inc. has also seen movement with regard to sales that amounts to -62.50%.

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