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Vaxart Inc. (NASDAQ: VXRT): Can A Stock That’s Up 34.25% YTD Still Be Considered In Loss Territory?

During the last session, Vaxart Inc. (NASDAQ:VXRT)’s traded shares were 2.01 million, with the beta value of the company hitting 0.73. At the end of the trading day, the stock’s price was $1.29, reflecting an intraday loss of -7.86% or -$0.11. The 52-week high for the VXRT share is $4.61, that puts it down -257.36 from that peak though still a striking 56.59% gain since the share price plummeted to a 52-week low of $0.56. The company’s market capitalization is $169.73M, and the average intraday trading volume over the past 10 days was 3.26 million shares, and the average trade volume was 1.55 million shares over the past three months.

Vaxart Inc. (VXRT) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.00. VXRT has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.18.

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Vaxart Inc. (NASDAQ:VXRT) trade information

Vaxart Inc. (VXRT) registered a -7.86% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -7.86% in intraday trading to $1.29 this Wednesday, 05/24/23, hitting a weekly high. The stock’s 5-day price performance is -5.49%, and it has moved by 75.99% in 30 days. Based on these gigs, the overall price performance for the year is -61.72%. The short interest in Vaxart Inc. (NASDAQ:VXRT) is 18.71 million shares and it means that shorts have 13.75 day(s) to cover.

The consensus price target of analysts on Wall Street is $5.83, which implies an increase of 77.87% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.50 and $10.00 respectively. As a result, VXRT is trading at a discount of -675.19% off the target high and -16.28% off the low.

Vaxart Inc. (VXRT) estimates and forecasts

Statistics show that Vaxart Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Vaxart Inc. (VXRT) shares have gone down -3.73% during the last six months, with a year-to-date growth rate more than the industry average at 16.67% against 13.20. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to grow 21.70% this quarter and then jump 21.70% in the quarter after that. In the rating firms’ projections, revenue will increase 1,414.00% compared to the previous financial year.

Revenue for the current quarter is expected to be $80k as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $80k by the end of Sep 2023.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 60.80%. While earnings are projected to return -45.50% in 2023.

VXRT Dividends

Vaxart Inc. is due to release its next quarterly earnings between August 07 and August 11. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Vaxart Inc. (NASDAQ:VXRT)’s Major holders

Vaxart Inc. insiders own 1.69% of total outstanding shares while institutional holders control 33.21%, with the float percentage being 33.78%. Blackrock Inc. is the largest shareholder of the company, while 169 institutions own stock in it. As of Mar 30, 2023, the company held over 8.82 million shares (or 6.50% of all shares), a total value of $6.67 million in shares.

The next largest institutional holding, with 7.06 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 5.21% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $5.35 million.

Also, the Mutual Funds coming in first place with the largest holdings of Vaxart Inc. (VXRT) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Dec 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 4.07 million shares. This amounts to just over 3.00 percent of the company’s overall shares, with a $3.91 million market value. The same data shows that the other fund manager holds slightly less at 2.91 million, or about 2.14% of the stock, which is worth about $2.27 million.

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