Shares of ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) traded at a new 52-week low today of $20.31. This new low was reached on below average trading volume as 2.1 million shares traded hands, while the average 30-day volume is approximately 3.7 million shares.
Acadia Pharmaceuticals is a biotechnology company that develops and commercializes biopharmaceutical products to address central nervous system disorders. The company aims to discover small molecule drugs that address disorders such as Parkinson's, Alzheimer's, and schizophrenia. Acadia also seeks to in-license or acquire complementary products and candidates. The company's patent applications claim proprietary technology, including novel methods of screening and chemical synthetic methods, novel drug targets, and novel compounds identified using its technology.
Over the past year, ACADIA Pharmaceuticals Inc. has traded in a range of $20.31 to $58.72 and is now at $20.75.
There is potential upside of 2.4% for shares of ACADIA Pharmaceuticals Inc. based on a current price of $20.75 and an average consensus analyst price target of $21.24.
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