Novavax, Inc. (NASDAQ:NVAX) traded at $4.09 at close of the session on Friday, April 26, made an upward move of 3.54% on its previous day’s price.
Looking at the stock we see that its previous close was $3.95 . In terms of its 52-week price range, NVAX has a high of $11.36 and a low of $3.53. The company’s stock has lost about -15.67% over that past 30 days.
Novavax, Inc. has a market cap of $572.40 million. Estimates by analysts give the company expected earnings per share (EPS) of -$1.06, with the EPS growth for the year raised at -$0.72 for 2024 and -$0.04 for next year. These figures represent 86.70% and 94.40% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $101.16 million, with a low of $99.8 million and a high of $104 million. The median projection represents growth squeezing down to 25.00% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $845.49 million, or -14.10% down from figures reported last year.
On the other hand, looking at the outlook for the NVAX stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -4.07% off its SMA20 and -12.80% from its 50-day simple moving average. The RSI (14) is pointing at 42.05 while the volatility over the past week is 5.48% and jumps to 5.07% over the past one month. The beta value is 1.64, while the average true range (ATR) is currently pointing at 0.25.
Coming back to Novavax, Inc. (NASDAQ:NVAX), we note that the average 3-month trading volume was 7.17 million. Current shares outstanding are 139.51 million.
The insiders hold 4.98% of the company’s shares while institutions hold 56.86%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -14.79% down in year-to-date price movement.
