Is Geovax Labs Inc (NASDAQ: GOVX) Stock Ready To Get A Higher Bid?

In the latest trading session, 0.4 million Geovax Labs Inc (NASDAQ:GOVX) shares changed hands as the company’s beta touched 3.05. With the company’s most recent per share price at $2.15 changed hands at -$0.26 or -10.79% at last look, the market valuation stands at $18.32M. GOVX’s current price is a discount, trading about -420.0% off its 52-week high of $11.18. The share price had its 52-week low at $1.09, which suggests the last value was 49.3% up since then. When we look at Geovax Labs Inc’s average trading volume, we note the 10-day average is 0.68 million shares, with the 3-month average coming to 4.75 million.

Analysts gave the Geovax Labs Inc (GOVX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended GOVX as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Geovax Labs Inc’s EPS for the current quarter is expected to be -1.48.

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Geovax Labs Inc (NASDAQ:GOVX) trade information

Instantly GOVX was in red as seen in intraday trades today. With action -21.82%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -60.30%, with the 5-day performance at -21.82% in the red. However, in the 30-day time frame, Geovax Labs Inc (NASDAQ:GOVX) is -53.57% down. Looking at the short shares, we see there were 0.26 million shares sold at short interest cover period of 0.02 days.

The consensus price target for the stock as assigned by Wall Street analysts is 8, meaning bulls need an upside of 73.12% from its recent market value. According to analyst projections, GOVX’s forecast low is 8 with 8 as the target high. To hit the forecast high, the stock’s price needs a -272.09% plunge from its current level, while the stock would need to soar -272.09% for it to hit the projected low.

Geovax Labs Inc (GOVX) estimates and forecasts

Data shows that the Geovax Labs 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 11.97% over the past 6 months, a 64.31% in annual growth rate that is considerably higher than the industry average of 17.80%.

Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 1.22M. 3 analysts are of the opinion that Geovax Labs Inc’s revenue for the current quarter will be 1.22M.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 92.12%. The 2024 estimates are for Geovax Labs Inc earnings to increase by 59.25%.

GOVX Dividends

Geovax Labs Inc is expected to release its next quarterly earnings report on 2024-Nov-06.

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

If we look at who the major shareholders are, we find that insiders hold 0.52% of Geovax Labs Inc shares while 10.19% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 10.24%.