Equities analysts expect Adverum Biotechnologies (NASDAQ:ADVM) to post earnings of ($0.29) per share for the current quarter, according to Zacks. Zero analysts have made estimates for Adverum Biotechnologies’ earnings. The lowest EPS estimate is ($0.32) and the highest is ($0.27). Adverum Biotechnologies reported earnings of ($0.38) per share during the same quarter last year, which would indicate a positive year over year growth rate of 23.7%. The firm is expected to report its next earnings report on Tuesday, May 8th.
According to Zacks, analysts expect that Adverum Biotechnologies will report full-year earnings of ($1.31) per share for the current financial year, with EPS estimates ranging from ($1.53) to ($1.13). For the next year, analysts expect that the firm will post earnings of ($1.35) per share, with EPS estimates ranging from ($1.51) to ($1.20). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Adverum Biotechnologies.
Adverum Biotechnologies (NASDAQ:ADVM) last issued its quarterly earnings data on Tuesday, March 6th. The biotechnology company reported ($0.32) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.35) by $0.03. The company had revenue of $0.46 million for the quarter. Adverum Biotechnologies had a negative net margin of 3,036.61% and a negative return on equity of 29.61%.
Institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC acquired a new stake in Adverum Biotechnologies in the third quarter valued at approximately $108,000. BlueCrest Capital Management Ltd acquired a new stake in shares of Adverum Biotechnologies during the fourth quarter worth $111,000. Citadel Advisors LLC lifted its stake in shares of Adverum Biotechnologies by 365.1% during the fourth quarter. Citadel Advisors LLC now owns 47,189 shares of the biotechnology company’s stock worth $165,000 after buying an additional 37,042 shares during the period. Raymond James & Associates acquired a new stake in shares of Adverum Biotechnologies during the fourth quarter worth $172,000. Finally, Spark Investment Management LLC lifted its stake in shares of Adverum Biotechnologies by 64.2% during the fourth quarter. Spark Investment Management LLC now owns 66,821 shares of the biotechnology company’s stock worth $233,000 after buying an additional 26,121 shares during the period. Institutional investors own 36.69% of the company’s stock.
ADVM traded down $0.15 during trading on Friday, hitting $6.30. The stock had a trading volume of 316,025 shares, compared to its average volume of 579,416. The company has a market cap of $330.16, a price-to-earnings ratio of -4.88 and a beta of 3.65. Adverum Biotechnologies has a twelve month low of $2.40 and a twelve month high of $8.59.
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About Adverum Biotechnologies
Adverum Biotechnologies, Inc, a clinical-stage gene therapy company, discovers and develops novel medicines for patients suffering from rare and ocular diseases. The company's pipeline includes product candidates, which are used for the treatment of wet age-related macular degeneration (wAMD), alpha 1 antitrypsin deficiency (A1AT), and hereditary angioedema.
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