Aerovate Therapeutics Stock Buy Hold or Sell Recommendation
| AVTE Stock | USD 2.36 0.25 11.85% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Aerovate Therapeutics is 'Strong Hold'. Macroaxis provides Aerovate Therapeutics buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding AVTE positions.
Check out Aerovate Therapeutics Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For information on how to trade Aerovate Stock refer to our How to Trade Aerovate Stock guide. Note, we conduct extensive research on individual companies such as Aerovate and provide practical buy, sell, or hold advice based on investors' constraints. Aerovate Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
Aerovate |
Execute Aerovate Therapeutics Buy or Sell Advice
The Aerovate recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Aerovate Therapeutics. Macroaxis does not own or have any residual interests in Aerovate Therapeutics or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Aerovate Therapeutics' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Good | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Hold | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Aerovate Therapeutics Trading Alerts and Improvement Suggestions
| Net Loss for the year was (75.52 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Aerovate Therapeutics currently holds about 151.99 M in cash with (56.78 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.22, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Aerovate Therapeutics has a frail financial position based on the latest SEC disclosures | |
| Over 100.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from simplywall.st: Heres Why Aerovate Therapeutics Must Use Its Cash Wisely |
Aerovate Therapeutics Returns Distribution Density
The distribution of Aerovate Therapeutics' historical returns is an attempt to chart the uncertainty of Aerovate Therapeutics' future price movements. The chart of the probability distribution of Aerovate Therapeutics daily returns describes the distribution of returns around its average expected value. We use Aerovate Therapeutics price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Aerovate Therapeutics returns is essential to provide solid investment advice for Aerovate Therapeutics.
| Mean Return | 0.30 | Value At Risk | -4.04 | Potential Upside | 4.69 | Standard Deviation | 3.08 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Aerovate Therapeutics historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Aerovate Stock Institutional Investors
| Shares | Ikarian Capital, Llc | 2024-06-30 | 368 K | State Street Corp | 2024-06-30 | 341.2 K | Geode Capital Management, Llc | 2024-06-30 | 317.2 K | Two Sigma Investments Llc | 2024-06-30 | 278.8 K | Verition Fund Managegment, Llc | 2024-06-30 | 249 K | Adar1 Capital Management Llc | 2024-06-30 | 246.9 K | Affinity Asset Advisors, Llc | 2024-06-30 | 200 K | Sg Americas Securities, Llc | 2024-06-30 | 179.5 K | Gsa Capital Partners Llp | 2024-06-30 | 126.6 K | Ra Capital Management, Llc | 2024-06-30 | 9.2 M | Sofinnova Ventures | 2024-06-30 | 3.8 M |
Aerovate Therapeutics Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Aerovate Therapeutics or Biotechnology sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Aerovate Therapeutics' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Aerovate stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.17 | |
β | Beta against Dow Jones | 1.75 | |
σ | Overall volatility | 2.99 | |
Ir | Information ratio | 0.07 |
Aerovate Therapeutics Volatility Alert
Aerovate Therapeutics currently demonstrates below-average downside deviation. It has Information Ratio of 0.07 and Jensen Alpha of 0.17. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Aerovate Therapeutics' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Aerovate Therapeutics' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Aerovate Therapeutics Fundamentals Vs Peers
Comparing Aerovate Therapeutics' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Aerovate Therapeutics' direct or indirect competition across all of the common fundamentals between Aerovate Therapeutics and the related equities. This way, we can detect undervalued stocks with similar characteristics as Aerovate Therapeutics or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Aerovate Therapeutics' fundamental indicators could also be used in its relative valuation, which is a method of valuing Aerovate Therapeutics by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Aerovate Therapeutics to competition |
| Fundamentals | Aerovate Therapeutics | Peer Average |
| Return On Equity | -0.74 | -0.31 |
| Return On Asset | -0.44 | -0.14 |
| Current Valuation | (35.39 M) | 16.62 B |
| Shares Outstanding | 28.87 M | 571.82 M |
| Shares Owned By Insiders | 0.02 % | 10.09 % |
| Shares Owned By Institutions | 99.98 % | 39.21 % |
| Number Of Shares Shorted | 846.45 K | 4.71 M |
| Price To Earning | 0.64 X | 28.72 X |
| Price To Book | 0.65 X | 9.51 X |
| EBITDA | (81.31 M) | 3.9 B |
| Net Income | (75.52 M) | 570.98 M |
| Cash And Equivalents | 151.99 M | 2.7 B |
| Cash Per Share | 6.22 X | 5.01 X |
| Total Debt | 675 K | 5.32 B |
| Debt To Equity | 0.01 % | 48.70 % |
| Current Ratio | 40.85 X | 2.16 X |
| Book Value Per Share | 3.27 X | 1.93 K |
| Cash Flow From Operations | (56.78 M) | 971.22 M |
| Short Ratio | 3.83 X | 4.00 X |
| Earnings Per Share | (3.13) X | 3.12 X |
| Target Price | 2.33 | |
| Number Of Employees | 51 | 18.84 K |
| Beta | 1.03 | -0.15 |
| Market Capitalization | 68.13 M | 19.03 B |
| Total Asset | 127.42 M | 29.47 B |
| Retained Earnings | (163.42 M) | 9.33 B |
| Working Capital | 106.59 M | 1.48 B |
| Net Asset | 127.42 M |
Note: Disposition of 6387 shares by Gillies Hunter of Aerovate Therapeutics at 25.8137 subject to Rule 16b-3 [view details]
Aerovate Therapeutics Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Aerovate . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Aerovate Therapeutics Buy or Sell Advice
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Check out Aerovate Therapeutics Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For information on how to trade Aerovate Stock refer to our How to Trade Aerovate Stock guide.You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Aerovate Therapeutics. If investors know Aerovate will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Aerovate Therapeutics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.13) | Return On Assets (0.44) | Return On Equity (0.74) |
The market value of Aerovate Therapeutics is measured differently than its book value, which is the value of Aerovate that is recorded on the company's balance sheet. Investors also form their own opinion of Aerovate Therapeutics' value that differs from its market value or its book value, called intrinsic value, which is Aerovate Therapeutics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Aerovate Therapeutics' market value can be influenced by many factors that don't directly affect Aerovate Therapeutics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Aerovate Therapeutics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Aerovate Therapeutics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aerovate Therapeutics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.