Applied Genetic Technologies Corporation (NASDAQ:AGTC) traded today at a new 52-week high of $8.15. Approximately 2.5 million shares have changed hands today, as compared to an average 30-day volume of 2.7 million shares.
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.
Potential upside of 4.2% exists for Applied Genetic Technologies Corporation, based on a current level of $7.53 and analysts’ average consensus price target of $7.85.
Applied Genetic Technologies Corporation share prices have moved between a 52-week high of $8.15 and a 52-week low of $2.29 and are now trading 229% above that low price at $7.53 per share.
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