Is Geovax Labs Inc (NASDAQ: GOVX) Still A Buy After sinking -34.43% Last Week?

During the recent session, Geovax Labs Inc (NASDAQ:GOVX)’s traded shares were 1.01 million, with the beta value of the company hitting 2.98. At the last check today, the stock’s price was $4.80, reflecting an intraday loss of -4.00% or -$0.2. The 52-week high for the GOVX share is $11.18, that puts it down -132.92 from that peak though still a striking 77.29% gain since the share price plummeted to a 52-week low of $1.09. The company’s market capitalization is $25.25M, and the average intraday trading volume over the past 10 days was 24.16 million shares, and the average trade volume was 6.98 million shares over the past three months.

Geovax Labs Inc (GOVX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. GOVX has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 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 -1.48.

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Geovax Labs Inc (NASDAQ:GOVX) trade information

Geovax Labs Inc (GOVX) registered a -4.00% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -4.00% in intraday trading to $4.80, hitting a weekly high. The stock’s 5-day price performance is -34.43%, and it has moved by 130.77% in 30 days. Based on these gigs, the overall price performance for the year is -45.11%. The short interest in Geovax Labs Inc (NASDAQ:GOVX) is 0.62 million shares and it means that shorts have 0.33 day(s) to cover.

The consensus price target of analysts on Wall Street is $8, which implies an increase of 40.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8 and $8 respectively. As a result, GOVX is trading at a discount of -66.67% off the target high and -66.67% off the low.

Geovax Labs Inc (GOVX) estimates and forecasts

Statistics show that Geovax Labs Inc has outperformed its competitors in share price, compared to the industry in which it operates. Geovax Labs Inc (GOVX) shares have gone up 87.50% during the last six months, with a year-to-date growth rate more than the industry average at 64.31% against 18.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 69.20% this quarter and then jump 93.00% in the quarter after that.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.22M as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 1.22M by the end of current fiscal year.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 92.12%. While earnings are projected to return 59.25% in 2024.

GOVX Dividends

Geovax Labs Inc is due to release its next quarterly earnings in September. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Geovax Labs Inc (NASDAQ:GOVX)’s Major holders

Geovax Labs Inc insiders own 0.62% of total outstanding shares while institutional holders control 8.88%, with the float percentage being 8.94%.