Moderna Inc (NASDAQ:MRNA) has a beta value of 1.60 and has seen 13.39 million shares traded in the last trading session. The company, currently valued at $17.00B, closed the last trade at $41.11 per share which meant it gained $2.86 on the day or 7.48% during that session. The MRNA stock price is -314.67% off its 52-week high price of $170.47 and 12.92% above the 52-week low of $35.80. If we look at the company’s 10-day average daily trading volume, we find that it stood at 12.43 million shares traded. The 3-month trading volume is 6.53 million shares.
The consensus among analysts is that Moderna Inc (MRNA) is Buy stock at the moment, with a recommendation rating of 2.50. 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 -2.62.
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Moderna Inc (NASDAQ:MRNA) trade information
Sporting 7.48% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the MRNA stock price touched $41.11 or saw a rise of 3.04%. Year-to-date, Moderna Inc shares have moved -58.66%, while the 5-day performance has seen it change 11.56%. Over the past 30 days, the shares of Moderna Inc (NASDAQ:MRNA) have changed -22.14%. Short interest in the company has seen 34.38 million shares shorted with days to cover at 7.59.
Wall Street analysts have a consensus price target for the stock at $145, which means that the shares’ value could jump 71.65% from current levels. 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 current price level is -639.48% off the targeted high while a plunge would see the stock gain -33.79% from current levels.
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 -75.33% over the past 6 months, with this year growth rate of 23.44%, compared to 18.00% for the industry. Revenue growth from the last financial year stood is estimated to be -51.71%.
12 analysts offering their estimates for the company have set an average revenue estimate of 1.03B for the current quarter. 6 have an estimated revenue figure of 235.09M for the next ending quarter. Year-ago sales stood 2.81B and 167M respectively for this quarter and the next, and analysts expect sales will shrink by -63.50% for the current quarter and -51.71% 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 in December 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 71.60% with a share float percentage of 79.14%. Investors are also buoyed by the number of investors in a company, with Moderna Inc having a total of 1214.0 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 500 Index Fund . As of Jun 30, 2024 , the former fund manager holds about 2.83% shares in the company for having 10.91 shares of worth $448.39 million while later fund manager owns 8.56 shares of worth $351.8 million as of Jun 30, 2024 , which makes it owner of about 2.22% of company’s outstanding stock.
