Aerovate Therapeutics, Inc.

Aerovate Therapeutics, Inc.verified

AVTE

Price:

$2.66

Market Cap:

$76.81M

Aerovate Therapeutics, Inc., a clinical-stage biopharmaceutical company, focuses on the development of drugs that enhance the lives of patients with rare cardiopulmonary diseases in the United States. The company focuses on advancing AV-101, a dry powder inhaled formulation of imatinib for the treatment of pulmonary arterial hypertension, which is in Phase 2b/Phase 3 trial. Aerovate Therapeutics, Inc. was incorporated in 2018 and is headquartered in Waltham, Massachusetts.[Read more]

Industry

Biotechnology

IPO Date

2021-06-30

Stock Exchange

NASDAQ

Ticker

AVTE

The Current Ratio as of November 2024 (TTM) for Aerovate Therapeutics, Inc. (AVTE) is 8.78

According to Aerovate Therapeutics, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 8.78. This represents a change of 21.21% compared to the average of 7.25 of the last 4 quarters.

Aerovate Therapeutics, Inc. (AVTE) Historical Current Ratio (quarterly & annually)

How has AVTE Current Ratio performed in the past?

The mean historical Current Ratio of Aerovate Therapeutics, Inc. over the last ten years is 20.06. The current 8.78 Current Ratio has changed 4.28% with respect to the historical average. Over the past ten years (40 quarters), AVTE's Current Ratio was at its highest in in the December 2021 quarter at 68.37. The Current Ratio was at its lowest in in the March 2020 quarter at 0.

Quarterly (TTM)
Annual

Average

20.06

Median

7.04

Minimum

2.64

Maximum

68.37

Aerovate Therapeutics, Inc. (AVTE) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Aerovate Therapeutics, 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 = 2.49%

Maximum Annual Current Ratio = 68.37

Minimum Annual Increase = -75.28%

Minimum Annual Current Ratio = 2.64

Quarterly (TTM)
Annual
YearCurrent RatioChange
20237.04-58.31%
202216.90-75.28%
202168.372.49%
20202.64-50.72%

Aerovate Therapeutics, Inc. (AVTE) Average Current Ratio

How has AVTE Current Ratio performed in the past?

The current Current Ratio of Aerovate Therapeutics, Inc. (AVTE) 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

30.77

5-year avg

20.06

10-year avg

20.06

Aerovate Therapeutics, Inc. (AVTE) Current Ratio vs. Peers

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

Aerovate Therapeutics, Inc.’s Current Ratio is greater than Adagene Inc. (2.50), less than Acrivon Therapeutics, Inc. Common Stock (12.75), less than Rezolute, Inc. (13.79), less than AN2 Therapeutics, Inc. (9.75), greater than Anebulo Pharmaceuticals, Inc. (3.45), greater than Opthea Limited (2.94), greater than Mineralys Therapeutics, Inc. (8.55),

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