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1 Comment
Adverum Biotechnologies, Inc is currently in a long term downtrend where the price is trading 64.5% below its 200 day moving average.
From a valuation standpoint, the stock is 166.1% more expensive than other stocks from the Healthcare sector with a price to sales ratio of 3495.3.
Adverum Biotechnologies, Inc's total revenue sank by nan% to $0 since the same quarter in the previous year.
Its net income has dropped by 98.8% to $-38M since the same quarter in the previous year.
Finally, its free cash flow fell by 1.9% to $-24M since the same quarter in the previous year.
Based on the above factors, Adverum Biotechnologies, Inc gets an overall score of 0/5.
ISIN | US00773U1088 |
---|---|
Industry | Biotechnology |
Sector | Healthcare |
CurrencyCode | EUR |
Exchange | F |
Beta | 0.75 |
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PE Ratio | None |
Dividend Yield | 0.0% |
Target Price | 3.57 |
Market Cap | 68M |
Adverum Biotechnologies, Inc., a clinical-stage company, develops gene therapy product candidates to treat ocular and rare diseases. Its lead product candidate is ixoberogene soroparvovec (ADVM-022), a single intravitreal injection gene therapy candidate used for the treatment of patients with chronic retinal, including wet age-related macular degeneration and diabetic macular edema. The company is developing ADVM-062 (AAV.7m8-L-opsin), a novel gene therapy product candidate for the treatment of blue cone monochromacy via a single IVT injection. Adverum Biotechnologies, Inc. has license and collaboration agreements with University of California; GenSight Biologics; Lexeo Therapeutics; and Virovek, Inc. The company was formerly known as Avalanche Biotechnologies, Inc. and changed its name to Adverum Biotechnologies, Inc. in May 2016. Adverum Biotechnologies, Inc. was incorporated in 2006 and is headquartered in Redwood City, California.
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