Favorable Press Coverage Somewhat Unlikely to Impact Adverum Biotechnologies (ADVM) Share Price
News articles about Adverum Biotechnologies (NASDAQ:ADVM) have trended positive recently, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Adverum Biotechnologies earned a media sentiment score of 0.29 on Accern’s scale. Accern also gave press coverage about the biotechnology company an impact score of 46.6421836146314 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Adverum Biotechnologies (NASDAQ ADVM) traded down 3.70% on Friday, hitting $2.60. 403,218 shares of the stock were exchanged. The stock’s 50 day moving average price is $2.56 and its 200 day moving average price is $2.69. Adverum Biotechnologies has a 52-week low of $2.40 and a 52-week high of $4.55. The firm’s market cap is $112.54 million.
A number of research firms have recently commented on ADVM. Zacks Investment Research upgraded shares of Adverum Biotechnologies from a “hold” rating to a “buy” rating and set a $2.75 price target on the stock in a report on Wednesday, August 16th. ValuEngine cut shares of Adverum Biotechnologies from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd.
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About Adverum Biotechnologies
Adverum Biotechnologies, Inc, formerly Avalanche Biotechnologies, Inc, is a gene therapy company. The Company is engaged in discovering and developing medicines to patients suffering from chronic or debilitating disease. The Company operates and manages its business in the segment of developing and commercializing gene therapeutics.
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