Dynavax Technologies Corp (DVAX) shares projected to rise by 91.56%

A share price of Dynavax Technologies Corp [DVAX] is currently trading at $12.79, down -1.92%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The DVAX shares have gain 2.40% over the last week, with a monthly amount glided 8.57%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Dynavax Technologies Corp [NASDAQ: DVAX] stock has seen the most recent analyst activity on February 01, 2024, when Goldman initiated its Neutral rating and assigned the stock a price target of $20. Previously, JMP Securities started tracking the stock with Mkt Outperform rating on September 27, 2022, and set its price target to $22. Goldman started tracking the stock assigning a Buy rating and suggested a price target of $19 on August 06, 2021. H.C. Wainwright reiterated its recommendation of a Buy and reduced its price target to $12 on August 07, 2020. H.C. Wainwright reiterated a Buy rating for this stock on August 03, 2020, and upped its price target to $14. In a note dated June 15, 2020, Evercore ISI initiated an Outperform rating and provided a target price of $14 on this stock.

Dynavax Technologies Corp experienced fluctuations in its stock price throughout the past year between $9.74 and $15.01. Currently, Wall Street analysts expect the stock to reach $24.5 within the next 12 months. Dynavax Technologies Corp [NASDAQ: DVAX] shares were valued at $12.79 at the most recent close of the market. An investor can expect a potential return of 91.56% based on the average DVAX price forecast.

Analyzing the DVAX fundamentals

Trailing Twelve Months sales for Dynavax Technologies Corp [NASDAQ:DVAX] were 260.81M which represents 15.99% growth. Gross Profit Margin for this corporation currently stands at 0.83% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.03 and Total Capital is -0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.33.

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 12.68 points at the first support level, and at 12.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.99, and for the 2nd resistance point, it is at 13.20.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Dynavax Technologies Corp [NASDAQ:DVAX] is 13.23. In addition, the Quick Ratio stands at 12.34 and the Cash Ratio stands at 1.7. Considering the valuation of this stock, the price to sales ratio is 6.45, the price to book ratio is 2.47 and price to earnings (TTM) ratio is 98.16.

Transactions by insiders

Recent insider trading involved CANO FRANCIS, Director, that happened on May 31 ’24 when 3615.0 shares were sold. Chief Accounting Officer, Burgess Justin completed a deal on Mar 01 ’24 to sell 20526.0 shares. Meanwhile, SVP and CMO Janssen Robert sold 1500.0 shares on Jan 04 ’24.

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