While Arbutus Biopharma Corp has overperformed by 0.80%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ABUS rose by 95.87%, with highs and lows ranging from $4.72 to $1.69, whereas the simple moving average jumped by 19.77% in the last 200 days.
On February 02, 2022, Jefferies Upgraded Arbutus Biopharma Corp (NASDAQ: ABUS) to Buy. A report published by Jefferies on February 25, 2021, Initiated its previous ‘Hold’ rating for ABUS. H.C. Wainwright also rated ABUS shares as ‘Buy’, setting a target price of $10 on the company’s shares in an initiating report dated December 17, 2020. JMP Securities Initiated an Mkt Outperform rating on July 27, 2020, and assigned a price target of $8. Robert W. Baird July 24, 2020d its ‘Outperform’ rating to ‘Neutral’ for ABUS, as published in its report on July 24, 2020. Chardan Capital Markets also rated the stock as ‘Buy’.
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Analysis of Arbutus Biopharma Corp (ABUS)
Further, the quarter-over-quarter decrease in sales is -62.89%, showing a negative trend in the upcoming months.
One of the most important indicators of Arbutus Biopharma Corp’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -59.96% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 6.56, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and ABUS is recording 1.12M average volume. On a monthly basis, the volatility of the stock is set at 3.94%, whereas on a weekly basis, it is put at 2.90%, with a loss of -1.56% over the past seven days. Furthermore, long-term investors anticipate a median target price of $5.00, showing growth from the present price of $3.79, which can serve as yet another indication of whether ABUS is worth investing in or should be passed over.
How Do You Analyze Arbutus Biopharma Corp Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 22.31%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 51.23% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ABUS shares are owned by institutional investors to the tune of 51.23% at present.
