In the last trading session, 8,668,532 shares of the Dynavax Technologies Corporation(NASDAQ:DVAX) were traded, and its beta was 1.41. Most recently the company’s share price was $10.07, and it changed around $0.55 or 0.06% from the last close, which brings the market valuation of the company to $1.11 Billion. DVAX currently trades at a discount to its 52-week high of $12.44, offering almost -23.54% off that amount. The share price’s 52-week low was $1.8, which indicates that the current value has risen by an impressive 82.13% since then. We note from Dynavax Technologies Corporation’s average daily trading volume that its 10-day average is 4.61 Million shares, with the 3-month average coming to 5.99 Million.
Dynavax Technologies Corporation stock received a consensus recommendation rating of Buy, based on a mean score of 1.7. If we narrow it down even further, the data shows that none out of 4 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended DVAX as a Hold, whereas 4 deemed it a Buy, and no one rated it as Underweight. Dynavax Technologies Corporation is expected to report earnings per share of -$0.24 for the current quarter.
Dynavax Technologies Corporation (NASDAQ:DVAX): Trading Information
Instantly DVAX has showed a green trend with a performance of 5.78% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $11.00 on Friday, Feb 19 increased the stock’s daily price by 8.45%. The company’s shares are currently up 1.26% year-to-date, but still up 0.0567 over the last five days. On the other hand, Dynavax Technologies Corporation (NASDAQ:DVAX) is 0.97% up in the 30-day period. We can see from the shorts that 22.4 Million shares have been sold at a short interest cover period of 3.74 day(s).
The consensus price target as assigned by Wall Street analysts is $16.33, which translates to bears needing to increase their stock price by 62.16% from its current value. Analyst projections state that DVAX is forecast to be at a low of $14 and a high of $20. In order for the stock price to hit the forecast high, the stock would need to surge +98.61% from its current level, while the stock would need to crash 39.03% from its current level to reach the projected low.
Dynavax Technologies Corporation (DVAX) projections and forecasts
Dynavax Technologies Corporation share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +55.16 percent over the past six months and at a 55.08% annual growth rate that is well above the industry average of 14%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +45.5% in revenue this quarter, and will report a decline of -26.7% in the next quarter. The year-over-year growth rate is expected to be 13.7%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of $13.06 Million in revenue for the current quarter. 3 analysts expect Dynavax Technologies Corporation to make $32.42 Million in revenue for the quarter ending March 01, 2021. The company’s sales for the same quarters a year ago were $10.57 Million and $11.36 Million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 23.6%. Forecasts for the next quarter put sales growth at 185.4%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 8.9%. Dynavax Technologies Corporation earnings are expected to increase by 15.1% in 2021, but the outlook is negative 0% per year for the next five years.
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Dynavax Technologies Corporation (NASDAQ:DVAX)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0.76% of Dynavax Technologies Corporation shares, and 80.86% of them are in the hands of institutional investors. The stock currently has a share float of 81.48%. Dynavax Technologies Corporation stock is held by 213 institutions, with State Street Corporation being the largest institutional investor. By Sep 29, 2020, it held 10.53% of the shares, which is about 11.6 Million shares worth $50.13 Million.
Federated Hermes, Inc., with 9.94% or 10.95 Million shares worth $47.29 Million as of Sep 29, 2020, holds the second largest percentage of outstanding shares.