Dynavax Technologies Corp. (NASDAQ: DVAX): Analyst View Points To Future Growth

Dynavax Technologies Corp. (DVAX) concluded trading on Thursday at a closing price of $11.01, with 4.56 million shares of worth about $50.18 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -17.47% during that period and on May 09, 2024 the price saw a loss of about -5.49%. Currently the company’s common shares owned by public are about 130.62M shares, out of which, 130.16M shares are available for trading.

Stock saw a price change of -6.06% in past 5 days and over the past one month there was a price change of -7.87%. Year-to-date (YTD), DVAX shares are showing a performance of -21.24% which increased to 2.04% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.60 but also hit the highest price of $15.15 during that period. The average intraday trading volume for Dynavax Technologies Corp. shares is 1.99 million. The stock is currently trading -5.05% below its 20-day simple moving average (SMA20), while that difference is down -8.75% for SMA50 and it goes to -17.87% lower than SMA200.

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Dynavax Technologies Corp. (NASDAQ: DVAX) currently have 130.62M outstanding shares and institutions hold larger chunk of about 96.57% of that.

The stock has a current market capitalization of $1.44B and its 3Y-monthly beta is at 1.19. PE ratio of stock for trailing 12 months is 203.89, while it has posted earnings per share of $0.05 in the same period. It has Quick Ratio of 14.10 while making debt-to-equity ratio of 0.41. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DVAX, volatility over the week remained 3.21% while standing at 2.81% over the month.

Analysts are in expectations that Dynavax Technologies Corp. (DVAX) stock would likely to be making an EPS of $0.09 in the current quarter, while forecast for next quarter EPS is $0.1 and it is $0.5 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.03 which is $0.11 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.03 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 452.00% while it is estimated to increase by 135.23% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on February 01, 2024 offering a Neutral rating for the stock and assigned a target price of $20 to it. Coverage by JMP Securities stated Dynavax Technologies Corp. (DVAX) stock as a Mkt outperform in their note to investors on September 27, 2022, suggesting a price target of $22 for the stock. On January 06, 2022, Goldman Resumed their recommendations, while on August 06, 2021, Goldman Initiated their ratings for the stock with a price target of $19. Stock get a Buy rating from H.C. Wainwright on August 07, 2020.

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