Novavax, Inc. (NVAX) concluded trading on Wednesday at a closing price of $10.00, with 3.33 million shares of worth about $33.34 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 140.96% during that period and on October 23, 2024 the price saw a loss of about -1.19%. Currently the company’s common shares owned by public are about 160.09M shares, out of which, 153.03M shares are available for trading.
Stock saw a price change of -1.48% in past 5 days and over the past one month there was a price change of -24.76%. Year-to-date (YTD), NVAX shares are showing a performance of 108.33% which increased to 62.34% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.53 but also hit the highest price of $23.86 during that period. The average intraday trading volume for Novavax, Inc. shares is 6.80 million. The stock is currently trading -17.84% below its 20-day simple moving average (SMA20), while that difference is down -18.87% for SMA50 and it goes to 3.99% higher than SMA200.
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Novavax, Inc. (NASDAQ: NVAX) currently have 160.09M outstanding shares and institutions hold larger chunk of about 53.27% of that.
The stock has a current market capitalization of $1.60B and its 3Y-monthly beta is at 2.04. It has posted earnings per share of -$2.77 in the same period. It has Quick Ratio of 1.03. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NVAX, volatility over the week remained 4.47% while standing at 8.07% over the month.
Analysts are in expectations that Novavax, Inc. (NVAX) stock would likely to be making an EPS of -0.83 in the current quarter, while forecast for next quarter EPS is -0.18 and it is -0.16 for next year. For the current quarter EPS, analysts have given the company a lowest target -1.09 which is -0.46 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 -1.26 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 81.38% while it is estimated to increase by 103.53% in next year. EPS is likely to grow at an annualized rate of 37.90% for next 5-years, compared to annual growth of 11.55% made by the stock over the past 5-years.
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 JP Morgan on July 30, 2024 offering an Underweight rating for the stock and assigned a target price of $8 to it. On May 10, 2024, BofA Securities Upgrade their recommendations, while on August 09, 2023, B. Riley Securities Upgrade their ratings for the stock with a price target of $15. Stock get a Market perform rating from TD Cowen on April 20, 2023.
