How to Buy Avidity Biosciences Stock
Avidity Biosciences Inc
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.
Avidity Biosciences stock last closed at $30.68, up 4.18% from the previous day, and has increased 22.04% in one year. It has overperformed other stocks in the Biotechnology industry by 0.99 percentage points. Avidity Biosciences stock is currently +42.63% from its 52-week low of $21.51, and -45.21% from its 52-week high of $56.00.
As of Apr 23, 2025, there are 120.21M RNA shares outstanding. The market value of RNA is $3.69B. In the last 24 hours, 1.24M RNA shares were traded.
How to Buy Avidity Biosciences Stock
Wondering how to invest in Avidity Biosciences stock? Here's how.
- Figure out where to buy Avidity Biosciences stock: You need to decide on a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you determine where to buy Avidity Biosciences stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Select your method of payment and add your info.
- Research Avidity Biosciences stock: The Avidity Biosciences ticker symbol is RNA. Is Avidity Biosciences stock a good investment? Should you buy shares of RNA? How do RNA's underlying business fundamentals look? Do top analysts think Avidity Biosciences is a good buy? Why has RNA's stock price moved recently? (Hint: Our stock market research tools can help you decide if RNA is a good stock to buy).
- Place your RNA buy order: Decide if you will purchase RNA shares at the current market price or use a limit order to buy RNA shares at a particular price.
- Get notifications regarding your investment in RNA: Create a watchlist to monitor your position in Avidity Biosciences shares.
Step 1: Figure out where to buy Avidity Biosciences stock
You need an online brokerage account to access the NASDAQ market and buy RNA stock.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've picked the best brokerage, the next step is to fill out some personal information so you can buy RNA today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Deposit funds into your investment account
Now that you have opened your account on stock apps to use, you can securely and quickly fund your account:
Watch this video walkthrough if you need help transferring money into your new brokerage account.
Step 4: Research Avidity Biosciences stock
Once you have selected the best place to buy Avidity Biosciences stock, it's critical to research their stock prior to buying, so you can comprehend the risk and upside.
Avidity Biosciences quick stats
Avidity Biosciences Due Diligence Score
WallStreetZen was designed to help average investors do more accurate fundamental analysis quickly.
You can view all of the due diligence checks on RNA's stock page.
Is RNA stock overvalued?
You can use many financial metrics, analyses, models, and charts to gauge RNA's fair value.
Using relative valuations ratios:
- RNA could be undervalued based on its P/B ratio of 2.59x, relative to Biotechnology industry P/B ratio of 4.25x
You can access additional valuation analysis on RNA's stock here.
RNA Financial Health Summary
Signs that RNA is financially healthy:
- RNA has a low debt to equity ratio of 0.1.
- There are more short-term assets than long-term liabilities on the RNA balance sheet.
- RNA has $1.50B in cash and short term investments. This is enough to cover its annual cash burn of $307.94M.
- RNA has cash burn of 307936000. It has sufficient cash and short-term investments to cover this for at least one year.
- There are more short-term assets than short-term liabilities on the RNA balance sheet.
- Total RNA debt is lower than 5 years ago, relative to shareholder equity.
Signs that RNA is not financially healthy:
- RNA profit margin has gone down from -2,219.9% to -2,957.7% in the past year.
Do Wall Street analysts think it's a good time to buy RNA stock
Out of 8 Wall Street analysts who monitor RNA, the consensus analyst rating on Avidity Biosciences is a Strong Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Most Recent RNA Analyst Forecasts
Louise Chen, a bottom 4% analyst from ScotiaBank initiates coverage on RNA with a buy rating and announces their RNA price target of $70.00, on Mar 7, 2025.
Gena Wang, a bottom 5% analyst from Barclays maintains RNA with a strong buy rating and lowers their RNA price target from $63.00 to $57.00, on Feb 28, 2025.
Luca Issi, a bottom 3% analyst from RBC Capital reiterates RNA with a buy rating and maintains their RNA price target from $67.00 to $67.00, on Jan 21, 2025.
You can dig deeper into what analysts are projecting on the Avidity Biosciences stock forecast page.
RNA Technical Indicators
RNA Revenue
Last year, RNA revenue was $10.90M. During the last five year, RNA's revenue has increased by 36.27% per year. This was slower than the Biotechnology industry average of 43.74%.
Dig into RNA's earnings and revenue performance here.
Latest Insiders Trades at RNA
In the last year, insiders at RNA have sold more shares than they have bought.
Kathleen P. Gallagher, Chief Program Officer of RNA, was the latest RNA insider to buy. They bought $81,526.20 worth of RNA shares on Apr 1, 2025.
Dig into more about who owns RNA stock here.
Does RNA stock generate passive income?
No, Avidity Biosciences doesn't provide an income stream by paying out dividends.
What others are saying about RNA
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Step 5: Place your RNA buy order
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally sufficient. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific dollar amount, use a limit order.
Press the Open button and your broker will execute your order.
If you want more assistance buying stocks on eToro, watch the helpful video below:
Step 6: Get notifications regarding your investment in RNA
Now that you own some RNA shares, you'll want to keep up with your investment.
Put RNA on a watchlist to see the latest developments about your RNA stock.
RNA Feed
How to Buy Stock in Avidity Biosciences
To summarize, here are the 6 steps for buying Avidity Biosciences stock:
- Figure out where to buy Avidity Biosciences stock
- Open a brokerage account
- Deposit funds into your investment account
- Research Avidity Biosciences stock
- Place your RNA buy order
- Get notifications regarding your investment in RNA
If you are looking for a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get the latest scoop on your new investment in Avidity Biosciences, create a watchlist on WallStreetZen today.
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