In the last trading session, 122.85 million shares of the Novavax, Inc. (NASDAQ:NVAX) were traded, and its beta was 1.58. Most recently the company’s share price was $13.11, and it changed around $4.23 or 47.64% from the last close, which brings the market valuation of the company to $1.84B. NVAX currently trades at a discount to its 52-week high of $11.00, offering almost 16.09% off that amount. The share price’s 52-week low was $3.53, which indicates that the current value has risen by an impressive 73.07% since then. We note from Novavax, Inc.’s average daily trading volume that its 3-month average coming to 9.43 million.
Novavax, Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 5 recommended NVAX as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Novavax, Inc. is expected to report earnings per share of -$0.85 for the current quarter.
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Novavax, Inc. (NASDAQ:NVAX) trade information
Instantly NVAX has showed a green trend with a performance of 47.64% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently up 173.12% year-to-date, but still up 175.42% over the last five days. On the other hand, Novavax, Inc. (NASDAQ:NVAX) is 206.31% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $96.5, which translates to bulls needing to increase their stock price by 86.41% from its current value. Analyst projections state that NVAX is forecast to be at a low of $19 and a high of $174.
Novavax, Inc. (NVAX) estimates and forecasts
Novavax, 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 risen 95.38 percent over the past six months and at a 84.84% annual growth rate that is well above the industry average of 12.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -246.60% in revenue this quarter, and will report an increase of 38.10% in the next quarter. The year-over-year growth rate is expected to be -11.00%, down from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of $71.32 million in revenue for the current quarter. 5 analysts expect Novavax, Inc. to make $76.94 million in revenue for the quarter ending Sep 2024. The company’s sales for a year ago were $186.99 million respectively. Forecasts for the next quarter put sales growth at -58.90%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 11.55%.
