Avadel Pharmaceuticals plc (NASDAQ:AVDL) shares, rose in value, with the stock price up by 1.23% to the previous day’s close as strong demand from buyers drove the stock to $13.12.
Actively observing the price movement in the last trading, the stock closed the session at $12.96, falling within a range of $12.77 and $13.16. Referring to stock’s 52-week performance, its high was $19.09, and the low was $9.50. On the whole, AVDL has fluctuated by -5.92% over the past month.
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With the market capitalization of Avadel Pharmaceuticals plc currently standing at about $1.26 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-06.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 173.74M, with a low estimate of 47.1M and a high estimate of 50.32M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 48.63M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AVDL’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of AVDL currently trading nearly 0.47% and -9.39% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.66, while the 7-day volatility ratio is showing 4.23% which for the 30-day chart, stands at 3.69%. Furthermore, Avadel Pharmaceuticals plc (AVDL)’s beta value is 1.50, and its average true range (ATR) is 0.52.
A comparison of Avadel Pharmaceuticals plc (AVDL) with its peers suggests the former has fared considerably weaker in the market. AVDL showed an intraday change of 1.23% in last session, and over the past year, it grew by 25.79%%.
Data on historical trading for Avadel Pharmaceuticals plc (NASDAQ:AVDL) indicates that the trading volumes over the past 10 days have averaged 0.77 and over the past 3 months, they’ve averaged 922.62K. According to company’s latest data on outstanding shares, there are 96.27 million shares outstanding.
Nearly 6.15% of Avadel Pharmaceuticals plc’s shares belong to company insiders and institutional investors own 71.47% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.97 million shares as on 2024-09-30, resulting in a short ratio of 10.4. According to the data, the short interest in Avadel Pharmaceuticals plc (AVDL) stood at 1303.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 11.91 million. The stock has fallen by -7.08% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AVDL stock heading into the next quarter.
