Vaxart Inc (NASDAQ: VXRT) Is Down -3.11% – Is It Capable Of A Rally?

Vaxart Inc (NASDAQ:VXRT) traded at $0.69 at last check on Tuesday, April 30, made a downward move of -3.11% on its previous day’s price.

Looking at the stock we see that its previous close was $0.71. In terms of its 52-week price range, VXRT has a high of $1.59 and a low of $0.53. The company’s stock has lost about -46.84% over that past 30 days.

Vaxart Inc has a market cap of $122.21 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.14, with the EPS growth for the year raised at -$0.45 for 2024 and -$0.39 for next year. These figures represent 21.10% and 13.30% 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 $800k, with a high of $2.4 million. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $14.73 million, or 99.60% up from figures reported last year.

On the other hand, looking at the outlook for the VXRT stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Sell.

Looking further, we note the current price level is -24.58% off its SMA20 and -37.20% from its 50-day simple moving average. The RSI (14) is pointing at 25.69 while the volatility over the past week is 10.59% and jumps to 9.70% over the past one month. The beta value is 0.68, while the average true range (ATR) is currently pointing at 0.08.

Coming back to Vaxart Inc (NASDAQ:VXRT), we note that the average 3-month trading volume was 1.94 million. Current shares outstanding are 176.84 million.

The insiders hold 1.32% of the company’s shares while institutions hold 17.74%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 20.65% up in year-to-date price movement.

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