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Is Vaxart Inc (NASDAQ: VXRT) Stock Ready For A Higher Run In Its Share Price?

In the latest trading session, 1.83 million Vaxart Inc (NASDAQ:VXRT) shares changed hands as the company’s beta touched 0.45. With the company’s most recent per share price at $1.25 changing hands around $0.06 or 5.46% at last look, the market valuation stands at $211.89M. VXRT’s current price is a discount, trading about -27.2% off its 52-week high of $1.59. The share price had its 52-week low at $0.53, which suggests the last value was 57.6% up since then. When we look at Vaxart Inc’s average trading volume, we note the 10-day average is 2.93 million shares, with the 3-month average coming to 6.15.

Vaxart Inc (NASDAQ:VXRT) trade information

Instantly VXRT is in green as seen in intraday trades today. With action 7.73%, the performance over the past five days has been green. The jump to weekly highs of 1.3388 added 5.46% to the stock’s daily price. The company’s shares are showing year-to-date upside of 119.10%, with the 5-day performance at 7.73% in the green. However, in the 30-day time frame, Vaxart Inc (NASDAQ:VXRT) is 117.50% up. Looking at the short shares, we see there were 11.11 million shares sold at short interest cover period of 4.34 days.

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Vaxart Inc (VXRT) estimates and forecasts

Data shows that the Vaxart Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 80.78% over the past 6 months, a 29.76% in annual growth rate that is considerably higher than the industry average of 11.60%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 36.79%. The 2024 estimates are for Vaxart Inc earnings to increase by 29.37%.

VXRT Dividends

Vaxart Inc is expected to release its next quarterly earnings report between March 13 and March 18.

Vaxart Inc (NASDAQ:VXRT)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.71% of Vaxart Inc shares while 20.06% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 20.21%. There are 20.06% institutions holding the Vaxart Inc stock share, with Cantor Fitzgerald, L. P. the top institutional holder. As of Jun 29, 2023, the company held 4.66% of the shares, roughly 7.09 million VXRT shares worth $5.17 million.

Vanguard Group Inc holds the second largest percentage of outstanding shares, with 4.54% or 6.89 million shares worth $5.03 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. With 4.07 million shares estimated at $2.97 million under it, the former controlled 2.68% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 1.16% of the shares, roughly 1.77 million shares worth around $1.29 million.

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