Adverum Biotechnologies Stock Intrinsic Value – Adverum Biotechnologies CEO Sells Over $32,000 in Stock in 2023

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In 2023, Adverum Biotechnologies ($NASDAQ:ADVM), Inc. experienced a notable stock sale from their CEO. The executive sold $32,166.42 worth of stock, signaling a potential shift in the company’s current direction. This particular transaction is not only noteworthy because of the value of the stock, but also because it marks a significant shift in Adverum Biotechnologies’ leadership. The sale of this stock was likely to have been made for a multitude of reasons. Perhaps the CEO was looking to diversify their investments and make sure that they have a financial cushion should the company fail. It could also be a sign that they are planning to move on to another venture soon, leaving the current executive structure of Adverum Biotechnologies behind.

Regardless, this sale is certainly a sign of change, and investors should take note of any further developments in the future. This news may be cause for concern for some investors and shareholders, but it does not necessarily spell out bad news for the company as a whole. Adverum Biotechnologies, Inc. is a well-established firm with a highly-experienced team of executives and professionals. They will likely be able to adjust to any changes in leadership quickly, and continue to provide successful services and products to their customers.

Share Price

On Tuesday, ADVERUM BIOTECHNOLOGIES‘ stock opened at $0.8 and closed the same day at $0.8, representing a 0.5% decrease from the previous closing price of 0.8. This follows a pattern of sales by Lockard earlier in the year, indicating that he is divesting his share of the company. The news of the stock sale comes at a time when Adverum Biotechnologies is experiencing strong momentum in the biotech industry. They have recently announced the launch of a new gene therapy product and have seen encouraging progress in clinical trials for other treatments. With the potential for success in their products, it appears that Lockard is cashing out before the company experiences any significant growth. It remains to be seen how this sale will affect the company moving forward, but it has certainly caught the attention of many investors in the biotech space. If Adverum Biotechnologies continues to make strides in their research and development, then Lockard’s timing may be fortuitous.

However, it is too early to tell how this move will impact their future success. Only time will tell what implications this sale will have for the company in the long run. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Adverum Biotechnologies. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Adverum Biotechnologies. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Adverum Biotechnologies. More…

Key Ratios Snapshot

Some of the financial key ratios for Adverum Biotechnologies are shown below. More…

Analysis – Adverum Biotechnologies Stock Intrinsic Value

At GoodWhale, we analyzed the financials of ADVERUM BIOTECHNOLOGIES and are proud to present our estimation of their intrinsic value. Our proprietary Valuation Line has determined that the intrinsic value of one ADVERUM BIOTECHNOLOGIES share is at around $2.9. This means that the stock is currently undervalued by 72.8%, as it is traded at only $0.8. We believe this presents a great opportunity for savvy investors to take advantage of this mispricing and build a better portfolio. More…

Peers

The biotechnology industry is highly competitive, with companies constantly vying for market share. Adverum Biotechnologies Inc is no exception, and must compete against Rasna Therapeutics Inc, Lyra Therapeutics Inc, and uniQure NV in order to maintain its position in the market.

– Rasna Therapeutics Inc ($OTCPK:RASP)

Rasna Therapeutics is a clinical-stage biopharmaceutical company that focuses on the development of novel therapeutics to treat cancer and other diseases. The company’s lead product candidate, RT001, is a first-in-class antibody-drug conjugate (ADC) that targets the protein CD38, which is overexpressed on the surface of many cancer cells. CD38 is a protein that is involved in the signaling of cell death, and its overexpression has been associated with resistance to conventional therapies. RT001 is currently in a Phase 1 clinical trial in patients with relapsed or refractory multiple myeloma.

– Lyra Therapeutics Inc ($NASDAQ:LYRA)

Lyra Therapeutics Inc is a clinical-stage biopharmaceutical company, which focuses on the development of products to treat patients with hearing loss and tinnitus. Its product candidates include LYR-210 and LYR-220. The company was founded by David A. Weber, Robert Langer and Anil D’Cruz in 2013 and is headquartered in Watertown, MA.

– uniQure NV ($NASDAQ:QURE)

UniQure NV is a biopharmaceutical company engaged in the development of gene therapies. The Company’s product pipeline includes products for the treatment of Huntington’s disease, congestive heart failure, Fabry disease, Parkinson’s disease, dystrophic epidermolysis bullosa and synucleinopathies. As of December 31, 2016, the Company’s products were in various stages of development, including pre-clinical, clinical, and commercial stage.

Summary

Adverum Biotechnologies is an emerging biotechnology company focused on developing treatments for ocular and rare diseases. This could signal that the company is performing well financially or that Patterson is considering selling more stock in the future. Analyzing Adverum’s financials is an important part of investing in the company. Investors should pay attention to the company’s revenue growth, cash flow, operating expenses, and other financial metrics to get a better picture of Adverum’s performance.

Additionally, investors should pay attention to the company’s clinical development pipeline and regulatory milestones, as these can provide insight into their future prospects.