Moderna Inc (NASDAQ:MRNA) has a beta value of 1.67 and has seen 0.69 million shares traded in the recent trading session. The company, currently valued at $22.29B, closed the recent trade at $57.99 per share which meant it gained $0.68 on the day or 1.20% during that session. The MRNA stock price is -193.96% off its 52-week high price of $170.47 and 3.95% above the 52-week low of $55.70. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.5 million shares traded. The 3-month trading volume is 4.77 million shares.
The consensus among analysts is that Moderna Inc (MRNA) is Buy stock at the moment, with a recommendation rating of 2.62. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 17 have rated it as a Hold, with 12 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -1.89.
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Moderna Inc (NASDAQ:MRNA) trade information
Sporting 1.20% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the MRNA stock price touched $57.99 or saw a rise of 2.91%. Year-to-date, Moderna Inc shares have moved -41.68%, while the 5-day performance has seen it change -1.47%. Over the past 30 days, the shares of Moderna Inc (NASDAQ:MRNA) have changed -19.44%. Short interest in the company has seen 31.32 million shares shorted with days to cover at 5.03.
Wall Street analysts have a consensus price target for the stock at $147.5, which means that the shares’ value could jump 60.68% from the levels at last check today. The projected low price target is $55.0 while the price target rests at a high of $304.0. In that case, then, we find that the latest price level in today’s session is -424.23% off the targeted high while a plunge would see the stock lose 5.16% from the levels at last check today.
Moderna Inc (MRNA) estimates and forecasts
Figures show that Moderna Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -43.93% over the past 6 months, with this year growth rate of 20.11%, compared to 17.40% for the industry. Revenue growth from the last financial year stood is estimated to be -52.80%.
15 analysts offering their estimates for the company have set an average revenue estimate of 1.23B for the current quarter. 15 have an estimated revenue figure of 1.59B for the next ending quarter. Year-ago sales stood 1.83B and 2.81B respectively for this quarter and the next, and analysts expect sales will shrink by -32.90% for the current quarter and -52.80% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -20.02% over the past 5 years.
MRNA Dividends
Moderna Inc is expected to release its next earnings report on 2024-Oct-31 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Moderna Inc (NASDAQ:MRNA)’s Major holders
Insiders own 9.52% of the company shares, while shares held by institutions stand at 72.67% with a share float percentage of 80.31%. Investors are also buoyed by the number of investors in a company, with Moderna Inc having a total of 1369.0 institutions that hold shares in the company. The top two institutional holders are BAILLIE GIFFORD & CO with over 43.45 million shares worth more than $5.16 billion. As of 2024-06-30, BAILLIE GIFFORD & CO held 11.3741% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 39.56 million shares as of 2024-06-30. The firm’s total holdings are worth over $4.7 billion and represent 10.3568% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard International Growth Fund. As of Jun 30, 2024, the former fund manager holds about 2.84% shares in the company for having 10.91 shares of worth $627.54 million while later fund manager owns 9.03 shares of worth $519.49 million as of May 31, 2024, which makes it owner of about 2.35% of company’s outstanding stock.
