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Healthcare - Biotechnology - NASDAQ - US
$ 42.18
-15.6 %
$ 5.03 B
Market Cap
-14.65
P/E
1. INTRINSIC VALUE

Avidity Biosciences, Inc., a biopharmaceutical company, engages in the development of oligonucleotide-based therapies. It develops antibody oligonucleotide conjugates (AOC) that are designed to treat a range of serious diseases. The company's lead product candidate AOC 1001 is used for the treatment of myotonic dystrophy type 1, a rare monogenic muscle disease; AOC 1044 for the treatment of Duchenne Muscular Dystrophy; and AOC 1020 designed to treat facioscapulohumeral muscular dystrophy which are in preclinical stage. It also offers Lumizyme therapy for Pompe diseases. Avidity Biosciences, Inc. was incorporated in 2012 and is headquartered in San Diego, California.[ Read More ]

The intrinsic value of one RNA stock under the base case scenario is HIDDEN Compared to the current market price of 42.2 USD, Avidity Biosciences, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart RNA

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FINANCIALS
9.56 M REVENUE
3.64%
-236 M OPERATING INCOME
-31.68%
-212 M NET INCOME
-21.97%
-119 M OPERATING CASH FLOW
12.63%
-130 M INVESTING CASH FLOW
31.53%
93.9 M FINANCING CASH FLOW
-72.89%
2.04 M REVENUE
-42.28%
-82.6 M OPERATING INCOME
-7.05%
-70.8 M NET INCOME
-2.81%
-65 M OPERATING CASH FLOW
7.64%
-275 M INVESTING CASH FLOW
-739.37%
447 M FINANCING CASH FLOW
14.71%
Balance Sheet Decomposition Avidity Biosciences, Inc.
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Current Assets 611 M
Cash & Short-Term Investments 595 M
Receivables 8.62 M
Other Current Assets 7.33 M
Non-Current Assets 17.2 M
Long-Term Investments 0
PP&E 16.7 M
Other Non-Current Assets 596 K
Current Liabilities 80.7 M
Accounts Payable 8.81 M
Short-Term Debt 7.28 M
Other Current Liabilities 64.6 M
Non-Current Liabilities 47.1 M
Long-Term Debt 12.4 M
Other Non-Current Liabilities 34.7 M
EFFICIENCY
Earnings Waterfall Avidity Biosciences, Inc.
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Revenue 9.56 M
Cost Of Revenue 191 M
Gross Profit -181 M
Operating Expenses 245 M
Operating Income -236 M
Other Expenses -23.4 M
Net Income -212 M
RATIOS
-1897.57% GROSS MARGIN
-1897.57%
-2464.41% OPERATING MARGIN
-2464.41%
-2219.87% NET MARGIN
-2219.87%
-42.38% ROE
-42.38%
-33.76% ROA
-33.76%
-46.14% ROIC
-46.14%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Avidity Biosciences, Inc.
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Net Income -212 M
Depreciation & Amortization 2.1 M
Capital Expenditures -4.23 M
Stock-Based Compensation 38.2 M
Change in Working Capital 61.1 M
Others 51.1 M
Free Cash Flow -123 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Avidity Biosciences, Inc.
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Wall Street analysts predict an average 1-year price target for RNA of $54.5 , with forecasts ranging from a low of $50 to a high of $59 .
RNA Lowest Price Target Wall Street Target
50 USD 18.54%
RNA Average Price Target Wall Street Target
54.5 USD 29.21%
RNA Highest Price Target Wall Street Target
59 USD 39.88%
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Avidity Biosciences, Inc.
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Sold
0-3 MONTHS
17.3 M USD 6
3-6 MONTHS
25.3 M USD 5
6-9 MONTHS
10.1 M USD 3
9-12 MONTHS
150 K USD 5
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
1 week ago
Nov 06, 2024
Sell 629 K USD
MacLean Michael F
Chief Financial Officer
- 13875
45.3339 USD
1 week ago
Nov 06, 2024
Sell 1.26 M USD
MacLean Michael F
Chief Financial Officer
- 27262
46.2188 USD
3 weeks ago
Oct 21, 2024
Sell 233 K USD
LEVIN ARTHUR A
Director
- 5000
46.6335 USD
1 month ago
Oct 16, 2024
Sell 1.21 M USD
McCarthy Teresa
Chief Human Resources Officer
- 25000
48.5204 USD
1 month ago
Oct 07, 2024
Sell 1.35 M USD
Thompson Tamar
Director
- 30000
44.9753 USD
1 month ago
Oct 01, 2024
Sell 2.98 M USD
Flanagan W. Michael
CSTO
- 62500
47.6178 USD
1 month ago
Sep 23, 2024
Sell 579 K USD
McCarthy Teresa
Chief Human Resources Officer
- 13153
44.0004 USD
1 month ago
Sep 23, 2024
Sell 520 K USD
Flanagan W. Michael
CSTO
- 11847
43.8926 USD
1 month ago
Sep 23, 2024
Sell 579 K USD
Flanagan W. Michael
CSTO
- 13153
44.0004 USD
1 month ago
Sep 23, 2024
Sell 1.45 M USD
Boyce Sarah
President and CEO
- 32880
44.0001 USD
1 month ago
Sep 23, 2024
Sell 506 K USD
MacLean Michael F
Chief Financial Officer
- 11510
44 USD
1 month ago
Sep 19, 2024
Sell 229 K USD
LEVIN ARTHUR A
Director
- 5000
45.7316 USD
2 months ago
Sep 11, 2024
Sell 2.53 M USD
Flanagan W. Michael
CSTO
- 62500
40.4002 USD
2 months ago
Sep 11, 2024
Sell 1.37 M USD
Flanagan W. Michael
CSTO
- 34000
40.3987 USD
2 months ago
Sep 11, 2024
Sell 602 K USD
Flanagan W. Michael
CSTO
- 14894
40.3972 USD
2 months ago
Sep 11, 2024
Sell 1.01 M USD
McCarthy Teresa
Chief Human Resources Officer
- 25000
40.4017 USD
2 months ago
Aug 19, 2024
Sell 226 K USD
LEVIN ARTHUR A
Director
- 5000
45.1893 USD
3 months ago
Aug 06, 2024
Sell 1.21 M USD
Boyce Sarah
President and CEO
- 28000
43.3508 USD
3 months ago
Jul 19, 2024
Sell 225 K USD
LEVIN ARTHUR A
Director
- 5000
45.0138 USD
4 months ago
Jul 09, 2024
Sell 1.12 M USD
Boyce Sarah
President and CEO
- 28000
39.9315 USD
4 months ago
Jun 20, 2024
Sell 188 K USD
LEVIN ARTHUR A
Director
- 5000
37.5901 USD
5 months ago
Jun 18, 2024
Sell 386 K USD
McCarthy Teresa
Chief Human Resources Officer
- 9864
39.1294 USD
5 months ago
Jun 18, 2024
Sell 439 K USD
MacLean Michael F
Chief Financial Officer
- 11228
39.1294 USD
5 months ago
Jun 18, 2024
Sell 1.26 M USD
Boyce Sarah
President and CEO
- 32074
39.1295 USD
5 months ago
Jun 18, 2024
Sell 395 K USD
Flanagan W. Michael
CSTO
- 10106
39.1297 USD
5 months ago
Jun 12, 2024
Sell 3.72 M USD
MacLean Michael F
Chief Financial Officer
- 104245
35.7153 USD
5 months ago
Jun 12, 2024
Sell 1.4 M USD
LEVIN ARTHUR A
Director
- 40000
35.0657 USD
5 months ago
Jun 13, 2024
Sell 2.4 M USD
LEVIN ARTHUR A
Director
- 60000
40.0797 USD
5 months ago
Jun 14, 2024
Sell 1.43 M USD
Boyce Sarah
President and CEO
- 35767
40.0784 USD
5 months ago
Jun 12, 2024
Sell 3.57 M USD
Boyce Sarah
President and CEO
- 100000
35.7302 USD
5 months ago
Jun 13, 2024
Sell 6.58 M USD
Boyce Sarah
President and CEO
- 164233
40.076 USD
5 months ago
Jun 04, 2024
Sell 768 K USD
Boyce Sarah
President and CEO
- 28000
27.4207 USD
5 months ago
May 20, 2024
Sell 149 K USD
LEVIN ARTHUR A
Director
- 5000
29.8962 USD
6 months ago
May 14, 2024
Sell 2.12 M USD
MacLean Michael F
Chief Financial Officer
- 75000
28.2806 USD
6 months ago
May 07, 2024
Sell 715 K USD
Boyce Sarah
President and CEO
- 28000
25.5375 USD
6 months ago
Apr 19, 2024
Sell 114 K USD
LEVIN ARTHUR A
Director
- 5000
22.8246 USD
7 months ago
Apr 03, 2024
Sell 542 K USD
LEVIN ARTHUR A
Director
- 20000
27.1107 USD
7 months ago
Apr 02, 2024
Sell 735 K USD
Boyce Sarah
President and CEO
- 28000
26.2471 USD
7 months ago
Mar 19, 2024
Sell 120 K USD
LEVIN ARTHUR A
Director
- 5000
23.9695 USD
8 months ago
Mar 13, 2024
Sell 981 K USD
MacLean Michael F
Chief Financial Officer
- 40000
24.519 USD
8 months ago
Mar 12, 2024
Sell 551 K USD
LEVIN ARTHUR A
Director
- 25000
22.0366 USD
8 months ago
Mar 12, 2024
Sell 58.1 K USD
LEVIN ARTHUR A
Director
- 2641
22 USD
8 months ago
Mar 12, 2024
Sell 634 K USD
Boyce Sarah
President and CEO
- 28000
22.6315 USD
8 months ago
Mar 08, 2024
Sell 1.8 M USD
Boyce Sarah
President and CEO
- 84000
21.3894 USD
8 months ago
Mar 01, 2024
Sell 1.69 M USD
Boyce Sarah
President and CEO
- 84000
20.1346 USD
9 months ago
Jan 22, 2024
Sell 18.8 K USD
LEVIN ARTHUR A
Director
- 1859
10.13 USD
9 months ago
Jan 22, 2024
Sell 51.6 K USD
Boyce Sarah
President and CEO
- 5092
10.13 USD
9 months ago
Jan 22, 2024
Sell 41.8 K USD
Flanagan W. Michael
CSTO
- 4129
10.13 USD
9 months ago
Jan 22, 2024
Sell 20.9 K USD
McCarthy Teresa
Chief Human Resources Officer
- 2065
10.13 USD
9 months ago
Jan 22, 2024
Sell 16.4 K USD
MacLean Michael F
Chief Financial Officer
- 1616
10.13 USD
1 year ago
Mar 15, 2023
Sell 2.2 K USD
LEVIN ARTHUR A
Director
- 100
22.01 USD
1 year ago
Feb 14, 2023
Sell 224 K USD
LEVIN ARTHUR A
Chief Scientific Officer
- 9477
23.6246 USD
1 year ago
Feb 14, 2023
Sell 12.7 K USD
LEVIN ARTHUR A
Chief Scientific Officer
- 523
24.2381 USD
1 year ago
Feb 03, 2023
Sell 78.1 K USD
Boyce Sarah
President and CEO
- 3221
24.26 USD
1 year ago
Feb 01, 2023
Sell 21.8 K USD
Boyce Sarah
President and CEO
- 900
24.2716 USD
1 year ago
Feb 02, 2023
Sell 1.12 M USD
Boyce Sarah
President and CEO
- 45879
24.3628 USD
1 year ago
Jan 12, 2023
Sell 220 K USD
LEVIN ARTHUR A
Chief Scientific Officer
- 10000
22.0028 USD
1 year ago
Dec 29, 2022
Sell 881 K USD
LEVIN ARTHUR A
Chief Scientific Officer
- 40000
22.0142 USD
2 years ago
Aug 15, 2022
Sell 1.38 M USD
LEVIN ARTHUR A
Chief Scientific Officer
- 62498
22.1182 USD
2 years ago
Aug 12, 2022
Sell 308 K USD
LEVIN ARTHUR A
Chief Scientific Officer
- 14003
22 USD
2 years ago
Aug 12, 2022
Sell 77.3 K USD
LEVIN ARTHUR A
Chief Scientific Officer
- 3499
22.0798 USD
2 years ago
Aug 24, 2022
Sell 343 K USD
Boyce Sarah
President and CEO
- 14855
23.069 USD
2 years ago
Aug 15, 2022
Sell 2.25 K USD
Boyce Sarah
President and CEO
- 100
22.47 USD
3 years ago
Nov 18, 2021
Sell 697 K USD
LEVIN ARTHUR A
Chief Scientific Officer
- 25000
27.8887 USD
3 years ago
Aug 04, 2021
Bought 14.4 M USD
RTW INVESTMENTS, LP
10 percent owner
+ 800000
18 USD
3 years ago
Jun 25, 2021
Sell 488 K USD
LEVIN ARTHUR A
Chief Scientific Officer
- 17453
27.9703 USD
3 years ago
Jun 25, 2021
Sell 77.1 K USD
LEVIN ARTHUR A
Chief Scientific Officer
- 2647
29.1398 USD
3 years ago
Jun 24, 2021
Sell 2.78 K USD
LEVIN ARTHUR A
Chief Scientific Officer
- 100
27.755 USD
3 years ago
Jun 17, 2021
Sell 5.55 K USD
LEVIN ARTHUR A
Chief Scientific Officer
- 200
27.75 USD
3 years ago
Jun 14, 2021
Sell 363 K USD
LEVIN ARTHUR A
Chief Scientific Officer
- 14003
25.9174 USD
3 years ago
Jun 15, 2021
Sell 599 K USD
LEVIN ARTHUR A
Chief Scientific Officer
- 23019
26.0249 USD
3 years ago
Mar 16, 2021
Sell 128 K USD
LEVIN ARTHUR A
Chief Scientific Officer
- 4600
27.8655 USD
4 years ago
Jun 16, 2020
Bought 5.4 M USD
Cormorant Asset Management, LP
+ 300000
18 USD
4 years ago
Jun 16, 2020
Bought 17.1 M USD
RTW INVESTMENTS, LP
10 percent owner
+ 950000
18 USD
7. News
RNA Stock Hits Record High on Entering the Cardiac Disease Space Avidity Biosciences expands its pipeline to include two new drugs targeting rare genetic cardiomyopathies. zacks.com - 2 days ago
Avidity Bio Has Surged 416% This Year — And That's Before Today's 'Game-Changing' News Shares of Avidity Biosciences surged to a record high Wednesday after the company showed its hand in the cardiovascular space. The post Avidity Bio Has Surged 416% This Year — And That's Before Today's 'Game-Changing' News appeared first on Investor's Business Daily. investors.com - 3 days ago
Avidity Biosciences Announces New Precision Cardiology Development Candidates to Treat Rare Genetic Cardiomyopathies and Provides First Look at Next-Generation Technology Innovations Avidity expands  its leading RNA delivery technology into precision cardiology with two new wholly-owned development candidates targeting rare genetic cardiomyopathies: AOC 1086 to treat PLN Cardiomyopathy and AOC 1072 to treat PRKAG2 Syndrome AOC 1072 and AOC 1086 preclinical data demonstrated robust siRNA delivery to the heart and targeted knockdown with potent reduction of approximately 80% in cardiac PLN mRNA and PRKAG2 mRNA Avidity introduces next-generation technology innovations demonstrating improved siRNA delivery in skeletal muscle and increased durability in preclinical studies AOC 1072 preclinical data will be presented at American Heart Association (AHA) Scientific Sessions 2024 Volume 11 of virtual investor and analyst series today, Tuesday, Nov. 12 at 8:00 a.m. ET SAN DIEGO , Nov. 12, 2024 /PRNewswire/ -- Avidity Biosciences, Inc. (Nasdaq: RNA), a biopharmaceutical company committed to delivering a new class of RNA therapeutics called Antibody Oligonucleotide Conjugates (AOCs™), today announced it has expanded beyond rare skeletal muscle disorders and is opening up a new therapeutic field, precision cardiology, to address the root cause of genetic diseases of the heart. prnewswire.com - 4 days ago
Avidity Biosciences, Inc. (RNA) Reports Q3 Loss, Lags Revenue Estimates Avidity Biosciences, Inc. (RNA) came out with a quarterly loss of $0.65 per share versus the Zacks Consensus Estimate of a loss of $0.79. This compares to loss of $0.71 per share a year ago. zacks.com - 1 week ago
Avidity Biosciences Reports Third Quarter 2024 Financial Results and Recent Highlights Enrollment in global Phase 3 HARBOR™ study for del-desiran in DM1 is on track Avidity initiated biomarker cohort for del-brax FORTITUDE™ study for FSHD; pursuing a potential accelerated approval path for del-brax Reported positive del-zota data from Phase 1/2 EXPLORE44™ trial for DMD44 Avidity to provide a first look at precision cardiology candidates and a glimpse at next-generation technology innovations via webcast event November 12, 2024 SAN DIEGO , Nov. 7, 2024 /PRNewswire/ -- Avidity Biosciences, Inc. (Nasdaq: RNA), a biopharmaceutical company committed to delivering a new class of RNA therapeutics called Antibody Oligonucleotide Conjugates (AOCs™), today reported financial results for the third quarter ended September 30, 2024, and highlighted recent corporate progress. "We are executing three potentially registrational clinical trials in three rare diseases where there are limited or no therapeutic options available. prnewswire.com - 1 week ago
Analysts Estimate Avidity Biosciences, Inc. (RNA) to Report a Decline in Earnings: What to Look Out for Avidity Biosciences (RNA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. zacks.com - 1 week ago
Avidity Biosciences to Host Investor and Analyst Event Focused on Precision Cardiology Candidates and First Look at Next-Generation Technology Innovations on November 12, 2024 Avidity to present poster on precision cardiology candidate at American Heart Association (AHA) Scientific Sessions 2024 taking place November 16-18, 2024  Volume 11 of investor and analyst event series will be available via webcast November 12, 2024, at 8:00 a.m. ET SAN DIEGO , Oct. 31, 2024 /PRNewswire/ -- Avidity Biosciences, Inc. (Nasdaq: RNA), a biopharmaceutical company committed to delivering a new class of RNA therapeutics called Antibody Oligonucleotide Conjugates (AOCs™), today announced that the company will share new development candidates from its precision cardiology portfolio and provide a first look at its next-generation technology innovations. prnewswire.com - 2 weeks ago
Avidity Biosciences Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) SAN DIEGO , Oct. 21, 2024 /PRNewswire/ -- Avidity Biosciences, Inc. (Nasdaq: RNA), a biopharmaceutical company committed to delivering a new class of RNA therapeutics called Antibody Oligonucleotide Conjugates (AOCs™), today announced that on October 20, 2024, the Human Capital Management Committee of Avidity's Board of Directors granted non-qualified stock option awards to purchase an aggregate of 421,600 shares of its common stock and 210,800 restricted stock units ("RSUs") to thirty-four (34) new non-executive employees under the Avidity Biosciences, Inc. 2022 Employment Inducement Incentive Award Plan (the "2022 Inducement Plan"). The awards were granted as inducements material to the employees entering into employment with Avidity in accordance with Nasdaq Listing Rule 5635(c)(4). prnewswire.com - 3 weeks ago
Why Avidity Biosciences Zoomed to a 12% Gain This Week The company's most promising pipeline program can continue unabated. fool.com - 1 month ago
Avidity Biosciences to Participate in Upcoming Investor Conference SAN DIEGO , Sept. 25, 2024 /PRNewswire/ -- Avidity Biosciences, Inc. (Nasdaq: RNA), a biopharmaceutical company committed to delivering a new class of RNA therapeutics called Antibody Oligonucleotide Conjugates (AOCs™), today announced that Avidity management will be participating in the following upcoming conference: Chardan 8th Annual Genetic Medicines Conference on October 1 at 7:30 a.m. prnewswire.com - 1 month ago
Goldman Sachs Bullish On Avidity Biosciences, Cites Scalable RNA Therapeutics Platform For Rare Diseases Goldman Sachs has initiated coverage on Avidity Biosciences Inc RNA based on multi-blockbuster, first-to-market commercial opportunities for its investigational candidates. benzinga.com - 1 month ago
Avidity Biosciences Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) SAN DIEGO , Sept. 23, 2024 /PRNewswire/ -- Avidity Biosciences, Inc. (Nasdaq: RNA), a biopharmaceutical company committed to delivering a new class of RNA therapeutics called Antibody Oligonucleotide Conjugates (AOCs™), today announced that on September 20, 2024, the Human Capital Management Committee of Avidity's Board of Directors granted non-qualified stock option awards to purchase an aggregate of 212,000 shares of its common stock and 106,000 restricted stock units ("RSUs") to twenty-one (21) new non-executive employees under the Avidity Biosciences, Inc. 2022 Employment Inducement Incentive Award Plan (the "2022 Inducement Plan"). prnewswire.com - 1 month ago
8. Profile Summary

Avidity Biosciences, Inc. RNA

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COUNTRY US
INDUSTRY Biotechnology
MARKET CAP $ 5.03 B
Dividend Yield 0.00%
Description Avidity Biosciences, Inc., a biopharmaceutical company, engages in the development of oligonucleotide-based therapies. It develops antibody oligonucleotide conjugates (AOC) that are designed to treat a range of serious diseases. The company's lead product candidate AOC 1001 is used for the treatment of myotonic dystrophy type 1, a rare monogenic muscle disease; AOC 1044 for the treatment of Duchenne Muscular Dystrophy; and AOC 1020 designed to treat facioscapulohumeral muscular dystrophy which are in preclinical stage. It also offers Lumizyme therapy for Pompe diseases. Avidity Biosciences, Inc. was incorporated in 2012 and is headquartered in San Diego, California.
Contact 10578 Science Center Drive, San Diego, CA, 92121 https://www.aviditybiosciences.com
IPO Date June 12, 2020
Employees 253
Officers Mr. John B. Moriarty Jr., ESQ., J.D. Chief Legal Officer & Corporate Secretary Dr. W. Michael F. Flanagan Ph.D. Chief Scientific & Technical Officer Dr. Frank P. McCormick Ph.D. Scientific Founder & Member of Scientific Advisory Board Ms. Teresa McCarthy Chief Human Resources Officer Dr. Troy Edward Wilson J.D., Ph.D. Co-Founder & Independent Chairman Mr. Eric B. Mosbrooker Chief Strategy Officer Prof. Mark E. Davis Ph.D. Scientific Founder, Member of Scientific Advisory Board and Member of Board of Managers Dr. John W. Wallen III, J.D., Ph.D. Consultant Ms. Sarah Boyce President, Chief Executive Officer & Director Dr. Arthur A. Levin Ph.D. Distinguished Scientist, Strategic Leader & Director