Vaxart Inc (VXRT) stock hits $0.68: Is it a good time to buy or wait for a dip?

Vaxart Inc [VXRT] stock prices are up 0.92% to $0.68 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The VXRT shares have gain 8.60% over the last week, with a monthly amount drifted -10.73%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, Cantor Fitzgerald started tracking the stock with Overweight rating on November 02, 2021, and set its price target to $15. On June 29, 2021, downgrade downgraded it’s rating to Neutral and revised its price target to $9 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $13 on June 24, 2021. Piper Sandler initiated its recommendation with a Overweight and recommended $18 as its price target on June 11, 2021. H.C. Wainwright reiterated a Buy rating for this stock on August 12, 2020, and upped its price target to $17. In a note dated July 13, 2020, B. Riley FBR initiated an Buy rating and provided a target price of $22 on this stock.

The stock price of Vaxart Inc [VXRT] has been fluctuating between $0.52 and $1.54 over the past year. Currently, Wall Street analysts expect the stock to reach $2 within the next 12 months. Vaxart Inc [NASDAQ: VXRT] shares were valued at $0.68 at the most recent close of the market. An investor can expect a potential return of 194.12% based on the average VXRT price forecast.

Analyzing the VXRT fundamentals

The Vaxart Inc [NASDAQ:VXRT] reported sales of 8.88M for trailing twelve months, representing a surge of 223.11%. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at -11.32%, Pretax Profit Margin comes in at -11.27%, and Net Profit Margin reading is -11.31%. To continue investigating profitability, this company’s Return on Assets is posted at -0.92, Equity is -1.21 and Total Capital is -1.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.13.

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 0.6610 points at the first support level, and at 0.6456 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.6909, and for the 2nd resistance point, it is at 0.7054.

Ratios To Look Out For

It’s worth pointing out that Vaxart Inc [NASDAQ:VXRT]’s Current Ratio is 3.14. As well, the Quick Ratio is 3.14, while the Cash Ratio is 1.89. Considering the valuation of this stock, the price to sales ratio is 17.33, the price to book ratio is 2.14.

Transactions by insiders

Recent insider trading involved Watson W. Mark, Director, that happened on Jun 18 ’24 when 20000.0 shares were purchased.

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