Aerovate Therapeutics, Inc. (NASDAQ:AVTE – Get Rating) shares rose 9.4% during mid-day trading on Thursday . The company traded as high as $25.94 and last traded at $25.89. Approximately 1,203 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 157,631 shares. The stock had previously closed at $23.67.
Aerovate Therapeutics Stock Up 0.1 %
The stock has a fifty day moving average of $15.73 and a 200-day moving average of $13.59.
Aerovate Therapeutics (NASDAQ:AVTE – Get Rating) last released its quarterly earnings data on Monday, May 16th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.19). Equities analysts anticipate that Aerovate Therapeutics, Inc. will post -1.82 EPS for the current fiscal year.
Institutional Trading of Aerovate Therapeutics
About Aerovate Therapeutics
Aerovate Therapeutics, Inc, a clinical-stage biopharmaceutical company, focuses on the development of drugs that enhance the lives of patients with rare cardiopulmonary diseases in the United States. The company focuses on advancing AV-101, a dry powder inhaled formulation of imatinib for the treatment of pulmonary arterial hypertension, which is in Phase 2b/Phase 3 trial.
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