Avidity Biosciences, Inc.

Avidity Biosciences, Inc.verified

RNA

Price:

$40.46

Market Cap:

$4.74B

Avidity Biosciences, Inc., a biopharmaceutical company, engages in the development of oligonucleotide-based therapies. It develops antibody oligonucleotide conjugates (AOC) that are designed to treat a range of serious diseases. The company's lead product candidate AOC 1001 is used for the treatment of myotonic dystrophy type 1, a rare monogenic muscle disease; AOC 1044 for the treatment of Duchenne Muscular Dystrophy; and AOC 1020 designed to treat facioscapulohumeral muscular dystrophy which are in preclinical stage. It also offers Lumizyme therapy for Pompe diseases. Avidity Biosciences, Inc. was incorporated in 2012 and is headquartered in San Diego, California.[Read more]

Industry

Biotechnology

IPO Date

2020-06-12

Stock Exchange

NASDAQ

Ticker

RNA

The PE Ratio as of September 2024 (TTM) for Avidity Biosciences, Inc. (RNA) is -13.72

According to Avidity Biosciences, Inc.’s latest financial reports and current stock price. The company's current PE Ratio is -13.72. This represents a change of 88.91% compared to the average of -7.26 of the last 4 quarters.

Avidity Biosciences, Inc. (RNA) Historical PE Ratio (quarterly & annually)

How has RNA PE Ratio performed in the past?

The mean historical PE Ratio of Avidity Biosciences, Inc. over the last ten years is -18.93. The current -13.72 PE Ratio has changed 7.15% with respect to the historical average. Over the past ten years (40 quarters), RNA's PE Ratio was at its highest in in the September 2023 quarter at -2.26. The PE Ratio was at its lowest in in the March 2019 quarter at -57.81.

Quarterly (TTM)
Annual

Average

-18.93

Median

-10.48

Minimum

-49.39

Maximum

-3.11

Avidity Biosciences, Inc. (RNA) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Avidity Biosciences, Inc. PE 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 = 0%

Maximum Annual PE Ratio = -3.11

Minimum Annual Increase = -62.23%

Minimum Annual PE Ratio = -49.39

Quarterly (TTM)
Annual
YearPE RatioChange
2023-3.11-54.52%
2022-6.85-18.41%
2021-8.39-33.25%
2020-12.57-62.23%
2019-33.28-32.62%

Avidity Biosciences, Inc. (RNA) Average PE Ratio

How has RNA PE Ratio performed in the past?

The current PE Ratio of Avidity Biosciences, Inc. (RNA) is less than than its 3-year, less than than its 5-year, and greater than its 10-year historical averages

3-year avg

-6.12

5-year avg

-12.84

10-year avg

-18.93

Avidity Biosciences, Inc. (RNA) PE Ratio vs. Peers

How is RNA’s PE Ratio compared to its peers?

Avidity Biosciences, Inc.’s PE Ratio is less than TCR2 Therapeutics Inc. (-0.44), less than Revolution Medicines, Inc. (-13.31), less than Black Diamond Therapeutics, Inc. (-3.70), less than Atreca, Inc. (-0.04), less than Passage Bio, Inc. (-0.57), less than Akero Therapeutics, Inc. (-8.95), less than Protagonist Therapeutics, Inc. (14.97), less than Stoke Therapeutics, Inc. (-7.92), less than IGM Biosciences, Inc. (-2.55), greater than Cerevel Therapeutics Holdings, Inc. (-17.73), less than Cullinan Oncology, Inc. (-6.96), less than Mineralys Therapeutics, Inc. (-4.63), less than Day One Biopharmaceuticals, Inc. (-7.39), less than SpringWorks Therapeutics, Inc. (-9.54), less than Relay Therapeutics, Inc. (-2.57), less than Pliant Therapeutics, Inc. (-4.19), less than Arvinas, Inc. (-5.42),

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