AVEO Pharmaceuticals (AVEO) Trading Up 11.9%
AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) shares were up 11.9% during trading on Friday . The company traded as high as $3.15 and last traded at $3.10. Approximately 3,615,965 shares were traded during mid-day trading, an increase of 150% from the average daily volume of 1,446,457 shares. The stock had previously closed at $2.77.
A number of research analysts recently commented on AVEO shares. Seaport Global Securities restated a “buy” rating on shares of AVEO Pharmaceuticals in a research report on Friday, October 6th. BidaskClub lowered AVEO Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Zacks Investment Research lowered AVEO Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. assumed coverage on AVEO Pharmaceuticals in a research note on Wednesday, November 15th. They issued a “buy” rating and a $5.00 price objective on the stock. Finally, B. Riley assumed coverage on AVEO Pharmaceuticals in a research note on Monday, November 13th. They issued a “buy” rating and a $5.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $4.05.
The firm has a market cap of $366.75, a P/E ratio of -4.37 and a beta of 1.14. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of -0.32.
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AVEO Pharmaceuticals Company Profile
AVEO Pharmaceuticals, Inc is a biopharmaceutical company. The Company’s platform delivers insights into cancer and related disease. The Company’s product candidates include Tivozanib, Ficlatuzumab, AV-203 and AV-380. Tivozanib is a selective long half-life vascular endothelial growth factor tyrosine kinase inhibitor (VEGF TKI) that inhibits over three VEGF receptors.
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