Avadel Pharmaceuticals plc (NASDAQ:AVDL – Get Free Report) has received an average recommendation of “Buy” from the eight brokerages that are covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $19.88.
Several research analysts have recently commented on AVDL shares. HC Wainwright restated a “buy” rating and set a $21.00 price target on shares of Avadel Pharmaceuticals in a research note on Tuesday, March 4th. Needham & Company LLC reissued a “buy” rating and issued a $19.00 price target on shares of Avadel Pharmaceuticals in a report on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft initiated coverage on Avadel Pharmaceuticals in a research note on Tuesday, February 11th. They issued a “buy” rating and a $12.00 target price for the company. UBS Group lowered their price objective on Avadel Pharmaceuticals from $22.00 to $14.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, Piper Sandler cut their price target on shares of Avadel Pharmaceuticals from $24.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, January 10th.
Read Our Latest Analysis on AVDL
Institutional Trading of Avadel Pharmaceuticals
Avadel Pharmaceuticals Stock Up 0.9 %
NASDAQ:AVDL opened at $8.69 on Thursday. Avadel Pharmaceuticals has a 1-year low of $6.38 and a 1-year high of $19.07. The firm has a market capitalization of $839.71 million, a price-to-earnings ratio of -11.00 and a beta of 1.52. The stock has a fifty day simple moving average of $7.97 and a 200 day simple moving average of $9.63.
Avadel Pharmaceuticals Company Profile
Avadel Pharmaceuticals plc operates as a biopharmaceutical company in the United States. Its lead product candidate is LUMRYZ, a formulation of sodium oxybate, which is in a Phase 3 clinical trial for the treatment of excessive daytime sleepiness or cataplexy in adults with narcolepsy. The company was formerly known as Flamel Technologies SA and changed its name to Avadel Pharmaceuticals plc in January 2017.
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