RNA Stock - Avidity Biosciences, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $10.90M | $9.56M | $9.22M | $9.33M | $6.79M |
| Gross Profit | $10.90M | $7.46M | $7.84M | $-91,856,000 | $-30,815,000 |
| Gross Margin | 100.0% | 78.0% | 85.0% | -984.9% | -454.0% |
| Operating Income | $-378,936,000 | $-235,598,000 | $-178,913,000 | $-118,051,000 | $-44,277,000 |
| Net Income | $-322,302,000 | $-212,220,000 | $-173,995,000 | $-118,009,000 | $-44,355,000 |
| Net Margin | -2957.7% | -2219.9% | -1886.3% | -1265.4% | -653.5% |
| EPS | $-2.89 | $-2.91 | $-3.34 | $-2.85 | $-2.05 |
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.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| September 17th 2025 | Roth Capital | Initiation | Buy | $62 |
| July 10th 2025 | Goldman | Resumed | Buy | $55 |
| June 24th 2025 | Bernstein | Initiation | Outperform | $50 |
| June 17th 2025 | Wolfe Research | Initiation | Outperform | $55 |
| June 11th 2025 | Raymond James | Initiation | Strong Buy | $65 |
| March 13th 2025 | Citigroup | Initiation | Buy | $70 |
| March 12th 2025 | BMO Capital Markets | Initiation | Outperform | $72 |
| March 7th 2025 | Scotiabank | Initiation | Sector Outperform | $70 |
| December 20th 2024 | H.C. Wainwright | Initiation | Buy | $72 |
| November 26th 2024 | RBC Capital Mkts | Initiation | Outperform | $67 |
| September 24th 2024 | Goldman | Initiation | Buy | $59 |
| August 28th 2024 | Barclays | Initiation | Overweight | $63 |
| May 3rd 2024 | BofA Securities | Initiation | Buy | $40 |
| March 14th 2024 | Cantor Fitzgerald | Initiation | Overweight | $60 |
| May 22nd 2023 | Evercore ISI | Upgrade | Outperform | $20 |
Earnings History & Surprises
RNAEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 6, 2026 | — | — | — | — |
Q1 2026 | Feb 26, 2026 | $-1.11 | — | — | — |
Q4 2025 | Nov 10, 2025 | $-1.09 | $-1.27 | -16.5% | ✗ MISS |
Q3 2025 | Aug 7, 2025 | $-0.95 | $-1.21 | -27.4% | ✗ MISS |
Q2 2025 | May 8, 2025 | $-0.88 | $-0.90 | -2.3% | ✗ MISS |
Q1 2025 | Feb 27, 2025 | $-0.76 | $-0.80 | -5.3% | ✗ MISS |
Q4 2024 | Nov 7, 2024 | $-0.71 | $-0.65 | +8.5% | ✓ BEAT |
Q3 2024 | Aug 9, 2024 | $-0.76 | $-0.65 | +14.5% | ✓ BEAT |
Q2 2024 | May 9, 2024 | $-0.81 | $-0.79 | +2.5% | ✓ BEAT |
Q1 2024 | Feb 28, 2024 | $-0.54 | $-0.79 | -46.3% | ✗ MISS |
Q4 2023 | Nov 8, 2023 | $-0.76 | $-0.71 | +6.6% | ✓ BEAT |
Q3 2023 | Aug 8, 2023 | $-0.84 | $-0.66 | +21.4% | ✓ BEAT |
Q2 2023 | May 9, 2023 | $-0.90 | $-0.74 | +17.8% | ✓ BEAT |
Q1 2023 | Feb 28, 2023 | $-0.84 | $-0.88 | -4.8% | ✗ MISS |
Q4 2022 | Nov 8, 2022 | $-0.97 | $-0.82 | +15.5% | ✓ BEAT |
Q3 2022 | Aug 9, 2022 | $-0.74 | $-0.92 | -24.3% | ✗ MISS |
Q2 2022 | May 10, 2022 | $-0.94 | $-0.71 | +24.5% | ✓ BEAT |
Q1 2022 | Mar 1, 2022 | $-0.73 | $-0.82 | -12.3% | ✗ MISS |
Q4 2021 | Nov 9, 2021 | $-0.63 | $-0.68 | -7.9% | ✗ MISS |
Q3 2021 | Aug 9, 2021 | $-0.77 | $-0.70 | +9.1% | ✓ BEAT |
Latest News
Avidity Biosciences Announces MAP For Investigational Therapy Delpacibart Zotadirsen For Eligible People With Duchenne Muscular Dystrophy Mutations Amenable To Exon 44 Skipping In US
📈 PositiveChardan Capital Maintains Neutral on Avidity Biosciences, Maintains $72 Price Target
➖ NeutralAvidity Biosciences Q3 EPS $(1.27) Misses $(1.11) Estimate, Sales $12.475M Beat $1.932M Estimate
➖ NeutralTD Cowen Downgrades Avidity Biosciences to Hold, Lowers Price Target to $74
📉 NegativeChardan Capital Downgrades Avidity Biosciences to Neutral, Lowers Price Target to $72
📉 NegativeRBC Capital Downgrades Avidity Biosciences to Sector Perform, Raises Price Target to $72
➖ NeutralDyne Therapeutics shares are trading higher after Novartis announced the acquisition of Avidity Biosciences, which also develops therapies for neuromuscular disease.
📈 PositiveCitigroup Downgrades Avidity Biosciences to Neutral, Lowers Price Target to $72
📉 NegativeRaymond James Downgrades Avidity Biosciences to Market Perform
📉 NegativeAvidity Biosciences shares are trading higher after Novartis announced it will acquire the company for $72 per share in cash.
📈 PositiveBernstein Downgrades Avidity Biosciences to Market Perform, Raises Price Target to $72
➖ NeutralNeedham Downgrades Avidity Biosciences to Hold, Maintains Price Target to $65
➖ NeutralHC Wainwright & Co. Downgrades Avidity Biosciences to Neutral, Lowers Price Target to $72
➖ NeutralAvidity stock surges on $12B Novartis deal
📈 PositiveReported Sunday, Novartis Agrees To Acquire Avidity Biosciences For $12B To Strengthen Late-Stage Neuroscience Pipeline And Expand RNA Therapeutics Portfolio
📈 PositiveNovartis On Sunday Announced The Acquisition Of Avidity Biosciences For $72/Share In Cash
📈 PositiveAvidity Biosciences Announces Pre-BLA Meeting With FDA For del-zota In DMD44p; Submission Planned For Q1 2026
📈 PositiveAvidity Biosciences To Present Phase 1/2 Data On Delpacibart Zotadirsen For Duchenne Muscular Dystrophy At 2025 World Muscle Society Congress
➖ NeutralEvercore ISI Group Maintains Outperform on Avidity Biosciences, Lowers Price Target to $65
➖ NeutralRoth Capital Initiates Coverage On Avidity Biosciences with Buy Rating, Announces Price Target of $62
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