In the last trading session, 9,381,469 shares of the Vaxart, Inc.(NASDAQ:VXRT) were traded, and its beta was -0.07. Most recently the company’s share price was $6.84, and it changed around -$0.62 or -0.08% from the last close, which brings the market valuation of the company to $748.77 Million. VXRT currently trades at a discount to its 52-week high of $24.9, offering almost -264.04% off that amount. The share price’s 52-week low was $1.08, which indicates that the current value has risen by an impressive 84.21% since then. We note from Vaxart, Inc.’s average daily trading volume that its 10-day average is 9.05 Million shares, with the 3-month average coming to 15.92 Million.
Vaxart, Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 2. If we narrow it down even further, the data shows that none out of 2 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended VXRT as a Hold, whereas 2 deemed it a Buy, and no one rated it as Underweight. Vaxart, Inc. is expected to report earnings per share of -$0.08 for the current quarter.
Vaxart, Inc. (NASDAQ:VXRT): Trading Information
Although VXRT has showed a red trend with a performance of -8.31% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $8.50- on Tuesday, Feb 16 increased the stock’s daily price by 19.53%. The company’s shares are currently up 0.2% year-to-date, but still down -0.1934 over the last five days. On the other hand, Vaxart, Inc. (NASDAQ:VXRT) is -0.04% down in the 30-day period. We can see from the shorts that 30.67 Million shares have been sold at a short interest cover period of 1.93 day(s).
The consensus price target as assigned by Wall Street analysts is $16.5, which translates to bears needing to increase their stock price by 141.23% from its current value. Analyst projections state that VXRT is forecast to be at a low of $16 and a high of $17. In order for the stock price to hit the forecast high, the stock would need to surge +148.54% from its current level, while the stock would need to crash 133.92% from its current level to reach the projected low.
Vaxart, Inc. (VXRT) projections and forecasts
Vaxart, Inc. 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 fallen -22.36 percent over the past six months and at a 62.79% annual growth rate that is well above the industry average of 17.3%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +38.5% in revenue this quarter, and will report a decline of -250% in the next quarter. The year-over-year growth rate is expected to be -34%, down from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of $2.9 Million in revenue for the current quarter. 1 analysts expect Vaxart, Inc. to make $800Million in revenue for the quarter ending March 01, 2021. The company’s sales for the same quarters a year ago were $3.92 Million and $2.8 Million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -25.9%. Forecasts for the next quarter put sales growth at -71.4%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 32%. Vaxart, Inc. earnings are expected to increase by 70.2% in 2021, but the outlook is negative 0% per year for the next five years.
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Vaxart, Inc. (NASDAQ:VXRT)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0.65% of Vaxart, Inc. shares, and 38.21% of them are in the hands of institutional investors. The stock currently has a share float of 38.46%. Vaxart, Inc. stock is held by 165 institutions, with State Street Corporation being the largest institutional investor. By Dec 30, 2020, it held 8.63% of the shares, which is about 9.44 Million shares worth $53.93 Million.
Vanguard Group, Inc. (The), with 4.72% or 5.16 Million shares worth $29.48 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 8410678 shares worth $48.02 Million, making up 7.68% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 2.92 Million shares worth around $19.41 Million, which represents about 2.67% of the total shares outstanding.