Adverum Biotechnologies, Inc.

Adverum Biotechnologies, Inc.verified

ADVM

Price:

$6.76

Market Cap:

$140.61M

Adverum Biotechnologies, Inc., a clinical-stage gene therapy company, develops gene therapy product candidates to treat ocular and rare diseases. Its lead product candidate is 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. Adverum Biotechnologies, Inc. has license and collaboration agreements with University of California; Cornell University; GenSight; Lexeo; and Virovek. The company was formerly known as Avalanche Biotechnologies, Inc. and changed its name to Adverum Biotechnologies, Inc. in May 2016. Adverum Biotechnologies, Inc. was incorpor...[Read more]

Industry

Biotechnology

IPO Date

2014-07-31

Stock Exchange

NASDAQ

Ticker

ADVM

The Current Ratio as of September 2024 (TTM) for Adverum Biotechnologies, Inc. (ADVM) is 7.99

According to Adverum Biotechnologies, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 7.99. This represents a change of 24.46% compared to the average of 6.42 of the last 4 quarters.

Adverum Biotechnologies, Inc. (ADVM) Historical Current Ratio (quarterly & annually)

How has ADVM Current Ratio performed in the past?

The mean historical Current Ratio of Adverum Biotechnologies, Inc. over the last ten years is 18.42. The current 7.99 Current Ratio has changed 4.24% with respect to the historical average. Over the past ten years (40 quarters), ADVM's Current Ratio was at its highest in in the March 2016 quarter at 44.86. The Current Ratio was at its lowest in in the June 2023 quarter at 3.31.

Quarterly (TTM)
Annual

Average

18.42

Median

18.81

Minimum

4.13

Maximum

39.70

Adverum Biotechnologies, Inc. (ADVM) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Adverum Biotechnologies, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 4.04%

Maximum Annual Current Ratio = 39.70

Minimum Annual Increase = -60.27%

Minimum Annual Current Ratio = 4.13

Quarterly (TTM)
Annual
YearCurrent RatioChange
20234.13-30.21%
20225.91-60.27%
202114.88-28.54%
202020.82129.71%
20199.06-53.47%
201819.487.30%
201718.15-20.27%
201622.76-42.66%
201539.7035.52%
201429.304.04%

Adverum Biotechnologies, Inc. (ADVM) Average Current Ratio

How has ADVM Current Ratio performed in the past?

The current Current Ratio of Adverum Biotechnologies, Inc. (ADVM) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

8.30

5-year avg

10.96

10-year avg

18.42

Adverum Biotechnologies, Inc. (ADVM) Current Ratio vs. Peers

How is ADVM’s Current Ratio compared to its peers?

Adverum Biotechnologies, Inc.’s Current Ratio is greater than uniQure N.V. (7.36), greater than Rocket Pharmaceuticals, Inc. (7.79), greater than Rhythm Pharmaceuticals, Inc. (6.53), less than Solid Biosciences Inc. (13.45), greater than MeiraGTx Holdings plc (2.36), greater than Aerovate Therapeutics, Inc. (6.51), greater than Adagene Inc. (2.50), less than Acrivon Therapeutics, Inc. Common Stock (16.16), less than Rezolute, Inc. (11.82), less than AN2 Therapeutics, Inc. (10.61), greater than Passage Bio, Inc. (7.67), greater than Absci Corporation (6.49), less than Kezar Life Sciences, Inc. (9.58), greater than Oncternal Therapeutics, Inc. (2.89), less than Kodiak Sciences Inc. (10.59), greater than Galmed Pharmaceuticals Ltd. (6.48), greater than Affimed N.V. (2.71), greater than Mereo BioPharma Group plc (6.07), greater than Homology Medicines, Inc. (4.19), greater than Stoke Therapeutics, Inc. (6.67), greater than Atreca, Inc. (1.58), greater than TCR2 Therapeutics Inc. (2.96),

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