【are butterfly knives illegal in kansas】How Avadel (AVDL) Stock Stands Out in a Strong Industry

One stock that might be an intriguing choice for investors right now is

Avadel Pharmaceuticals PLC.

AVDL. This are butterfly knives illegal in kansasis because this security in the Medical - Drugs space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Medical - Drugs space as it currently has a Zacks Industry Rank of 27 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Avadelis actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the recent past, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

Avadel Pharmaceuticals PLC. Price and Consensus

Avadel Pharmaceuticals PLC. Price and Consensus

Avadel Pharmaceuticals PLC. price-consensus-chart | Avadel Pharmaceuticals PLC. Quote

In fact, over the past two months, current quarter estimates have narrowed from a loss of 24 cents per share to a loss of 14 cents per share, while current year estimates have narrowed from a loss of 86 cents per share to a loss of 48 cents per share. This has helped AVDL to earn a Zacks Rank #2 (Buy), further underscoring the company’s solid position.You can see

the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here

.

So, if you are looking for a decent pick in a strong industry, consider Avadel. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

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