While Arbutus Biopharma Corp has underperformed by -2.41%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ABUS rose by 110.11%, with highs and lows ranging from $4.72 to $1.70, whereas the simple moving average jumped by 17.09% 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.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Arbutus Biopharma Corp’s future performance, with equity being one of the most critical indicators. 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and ABUS is recording an average volume of 1.10M. On a monthly basis, the volatility of the stock is set at 3.29%, whereas on a weekly basis, it is put at 2.80%, with a loss of -5.06% over the past seven days. Furthermore, long-term investors anticipate a median target price of $5.00, showing growth from the present price of $3.85, 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?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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.
