Moderna Inc (MRNA): A Great Stock For Handling Current Market Conditions?

Currently, there are 385.00M common shares owned by the public and among those 343.14M shares have been available to trade.

The company’s stock has a 5-day price change of -2.51% and -47.79% over the past three months. MRNA shares are trading -58.26% year to date (YTD), with the 12-month market performance down to -48.32% lower. It has a 12-month low price of $35.80 and touched a high of $170.47 over the same period. MRNA has an average intraday trading volume of 7.29 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.04%, -16.65%, and -55.62% respectively.

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Institutional ownership of Moderna Inc (NASDAQ: MRNA) shares accounts for 67.52% of the company’s 385.00M shares outstanding.

It has a market capitalization of $15.97B and a beta (3y monthly) value of 1.59. The earnings-per-share (ttm) stands at -$5.82. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.20% over the week and 6.77% over the month.

Earnings per share for the fiscal year are expected to increase by 23.87%, and 4.13% over the next financial year.

Looking at the support for the MRNA, a number of firms have released research notes about the stock. BofA Securities stated their Underperform rating for the stock in a research note on Dec-11-24, with the firm’s price target at $41. Berenberg coverage for the Moderna Inc (MRNA) stock in a research note released on November 19, 2024 offered a Hold rating with a price target of $42. HSBC Securities was of a view on November 18, 2024 that the stock is Buy, while Wolfe Research gave the stock Underperform rating on November 15, 2024, issuing a price target of $40. Bernstein on their part issued Mkt Perform rating on October 17, 2024.

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