Should Investors Trim Positions in Adverum Biotechnologies, Inc. (ADVM), CytomX Therapeutics, Inc. (CTMX)?

Adverum Biotechnologies, Inc. (NASDAQ:ADVM) recent rally took place on significantly more volume which surged nearly 0.97 million contracts on 06-Dec-17 versus its daily average of 0.32 million. The first sale was made at $3.1 but later the stock became weaker, and closed with a gain of 3.28%. It was last traded at $3.15 apiece.

Adverum Biotechnologies, Inc. (ADVM): Outperform Candidate With 50.79% Upside Potential

Adverum Biotechnologies, Inc. is maintained at an average outperform rating by 3 stock analysts, and there are at least 1.02% of shares outstanding that are currently legally short sold. The shares went down by -1.56% in value last month. Year-to-date it jumped 8.62%. Analysts are turning out to be more optimistic than before, with 2 of analysts who cover Adverum Biotechnologies, Inc. (NASDAQ:ADVM) advice adding it to buy candidate list. Wall Street experts also assign a $4.75 price target on Adverum Biotechnologies, Inc., pointing towards a 50.79% rally from current levels. The stock is trading for about -25% less than its 52-week high.

Adverum Biotechnologies, Inc. Reports -13.04% Sales Growth

Adverum Biotechnologies, Inc. (ADVM) revenue scored -13.04% growth from the previous quarter, coming up with $400000.

ADVM Adds 5% In A Week

This company shares (ADVM) so far managed to recover 31.25% since collapsing to its 52-week low. Over a month, it has seen its stock price volatility to stay at 5.6% while shortening the period to a week, volatility was 6.15%. The share price has already crossed its 20 days moving average, floating at a distance of 3.92% and sits -4.4% lower versus its 50 days moving average. When looking at the past five sessions, the stock returned 5% gains and is up by 9.66% compared with its 200-day moving average of $2.93. Also, Adverum Biotechnologies, Inc. (ADVM) needs to expand a 5% increase it experienced over the past twelve months.

CytomX Therapeutics, Inc. (NASDAQ:CTMX) Consensus Call At 1.7

As regular trading ended, CytomX Therapeutics, Inc. (CTMX) stock brought in a -$0.76 drop to $19.79. The day started at a price of $20.55 but then traded as high as $20.72 before giving part of the gains back. As for this week, analysts appear content to stick with their bright outlook with the consensus call at 1.7. CytomX Therapeutics, Inc. is given 3 buy-equivalent recommendations, 0 sells and 1 holds. The company shares sank -19.79% from their peak of $24.67 and now has a $717.59 million market value of equity.

CytomX Therapeutics, Inc. Could Grow 68.42% More

CTMX’s mean recommendation on Reuter’s scale presents no change from 1.71 thirty days ago to 1.71 now, which indicates a buy consensus from the analyst community. They see CytomX Therapeutics, Inc. (CTMX) price hitting a mean target of $33.33 a share, meaning the stock still has potential that could lift the price another 68.42% Also, the recent close suggests the stock is underpriced by 122.33% compared to the most bullish target.

CytomX Therapeutics, Inc. (CTMX) Returns 80.07% This Year

The company had seen its current volume reaching at 0.39 million shares in the last trade. That compares with the recent volume average of 0.38 million. At the close of regular trading, its last week’s stock price volatility was 4.45% which for the month reaches 4.95%. CytomX Therapeutics, Inc. dipped to as low as $19.75 throughout the day and has returned 80.07% in this year. At one point in the past year, the shares traded as low as $10.40 but has recovered 90.29% since then.

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