Applied Genetic Technologies Corporation (NASDAQ:AGTC) traded at a new 52-week high today of $8.88. So far today approximately 2.2 million shares have been exchanged, as compared to an average 30-day volume of 2.7 million shares.
Based on a current price of $7.93, Applied Genetic Technologies Corporation is currently 20.3% above its average consensus analyst price target of $6.32.
Applied Genetic Technologies Corp is a clinical-stage biotechnology company that uses a proprietary gene therapy platform to develop transformational genetic therapies for patients suffering from rare and debilitating diseases. Its initial focus is in the field of ophthalmology, where it has active clinical trials in X-linked retinitis pigmentosa, achromatopsia (ACHM CNGB3 and ACHM CNGA3), and X-linked retinoschisis. In addition to its clinical trials, company has preclinical programs in optogenetics, adrenoleukodystrophy, which is a disease of the central nervous system, other ophthalmology, and otology indications. The optogenetics program is being developed in collaboration with Bionic Sight.
In the past 52 weeks, Applied Genetic Technologies Corporation share prices are bracketed by a low of $2.29 and a high of $8.88 and is now at $7.93, 246% above that low price.
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