Adverum Biotechnologies Inc. (NASDAQ:ADVM) traded today at a new 52-week low of $3.31. So far today approximately 271,000 shares have been exchanged, as compared to an average 30-day volume of 2.3 million shares.
In the past 52 weeks, shares of Adverum Biotechnologies Inc. have traded between the current low of $3.31 and a high of $21.92 and is now at $3.41.
Adverum Biotechnologies Inc. (NASDAQ:ADVM) has potential upside of 4.5% based on a current price of $3.41 and analysts’ consensus price target of $3.56.
Adverum Biotechnologies Inc is a US-based clinical-stage gene therapy company. It develops gene therapy product candidates intended to provide durable efficacy by inducing sustained expression of a therapeutic protein. The company has primarily generated revenue through license, research and collaboration arrangements with its strategic partners. Its lead product candidate is ADVM-022 which is a single, in-office intravitreal (IVT) injection gene therapy designed to deliver long-term durability with treatment response, reduce the treatment burden of frequent anti-vascular endothelial growth factor (anti-VEGF) injections, and improve real-world vision outcomes for patients.
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