At the time of writing, Novavax, Inc. [NVAX] stock is trading at $13.11, up 1.16%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NVAX shares have gain 10.17% over the last week, with a monthly amount drifted -21.61%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Novavax, Inc. [NASDAQ: NVAX] stock has seen the most recent analyst activity on May 10, 2024, when JP Morgan upgraded its rating to a Neutral. Previously, BofA Securities upgraded its rating to Neutral on May 10, 2024, and elevated its price target to $12. On August 09, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $15 on the stock. TD Cowen downgraded its rating to a Market Perform and decreased its price target to $10 on April 20, 2023. B. Riley Securities downgraded its rating to a Neutral and reduced its price target to $10 on March 01, 2023. B. Riley Securities reiterated a Buy rating for this stock on January 09, 2023, and downed its price target to $37. In a note dated December 30, 2022, H.C. Wainwright reiterated an Buy rating on this stock and revised its target price from $207 to $110.
For the past year, the stock price of Novavax, Inc. fluctuated between $3.53 and $23.86. Currently, Wall Street analysts expect the stock to reach $96.5 within the next 12 months. Novavax, Inc. [NASDAQ: NVAX] shares were valued at $13.11 at the most recent close of the market. An investor can expect a potential return of 636.08% based on the average NVAX price forecast.
Analyzing the NVAX fundamentals
According to Novavax, Inc. [NASDAQ:NVAX], the company’s sales were 996.61M for trailing twelve months, which represents an 15.94% jump. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at -0.47%, Pretax Profit Margin comes in at -0.48%, and Net Profit Margin reading is -0.48%. To continue investigating profitability, this company’s Return on Assets is posted at -0.29, Equity is 0.53 and Total Capital is -0.71. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-0.2.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.79 points at the first support level, and at 12.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.65, and for the 2nd resistance point, it is at 14.18.
Ratios To Look Out For
It is important to note that Novavax, Inc. [NASDAQ:NVAX] has a current ratio of 0.90. Further, the Quick Ratio stands at 0.88, while the Cash Ratio is 0.61. Considering the valuation of this stock, the price to sales ratio is 1.85.
Transactions by insiders
Recent insider trading involved YOUNG JAMES F, Director, that happened on Jun 21 ’24 when 7500.0 shares were sold. Director, YOUNG JAMES F completed a deal on Jun 18 ’24 to sell 7500.0 shares. Meanwhile, President, R&D Dubovsky Filip sold 13904.0 shares on Jun 17 ’24.
