A share price of Novavax, Inc [NVAX] is currently trading at $8.06, up 0.75%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NVAX shares have gain 3.80% over the last week, with a monthly amount drifted -20.36%, 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 July 30, 2024, when JP Morgan downgraded its rating to a Underweight but kept the price target unchanged to $8 for it. Previously, JP Morgan upgraded its rating to Neutral on May 10, 2024. On May 10, 2024, upgrade upgraded it’s rating to Neutral and revised its price target to $12 on the stock. B. Riley Securities upgraded its rating to a Buy but stick to its price target of $15 on August 09, 2023. TD Cowen downgraded its rating to a Market Perform and reduced its price target to $10 on April 20, 2023. B. Riley Securities downgraded its rating to Neutral for this stock on March 01, 2023, and downed its price target to $10. In a note dated January 09, 2023, B. Riley Securities reiterated an Buy rating on this stock and revised its target price from $74 to $37.
Novavax, Inc experienced fluctuations in its stock price throughout the past year between $3.53 and $23.86. Currently, Wall Street analysts expect the stock to reach $50.8 within the next 12 months. Novavax, Inc [NASDAQ: NVAX] shares were valued at $8.06 at the most recent close of the market. An investor can expect a potential return of 530.27% based on the average NVAX price forecast.
Analyzing the NVAX fundamentals
Trailing Twelve Months sales for Novavax, Inc [NASDAQ:NVAX] were 885.19M which represents -54.80% decline. Gross Profit Margin for this corporation currently stands at 0.67% with Operating Profit Margin at -0.33%, Pretax Profit Margin comes in at -0.32%, and Net Profit Margin reading is -0.32%. To continue investigating profitability, this company’s Return on Assets is posted at -0.17, Equity is 0.45 and Total Capital is -0.56. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-0.32.
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 7.83 points at the first support level, and at 7.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.22, and for the 2nd resistance point, it is at 8.39.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Novavax, Inc [NASDAQ:NVAX] is 0.93. In addition, the Quick Ratio stands at 0.93 and the Cash Ratio stands at 0.49. Considering the valuation of this stock, the price to sales ratio is 1.46.
Transactions by insiders
Recent insider trading involved Dubovsky Filip, Officer, that happened on Sep 18 ’24 when 7335.0 shares were purchased. Director, YOUNG JAMES F completed a deal on Jun 21 ’24 to sell 7500.0 shares. Meanwhile, Director YOUNG JAMES F sold 7500.0 shares on Jun 18 ’24.
