Geovax Labs Inc (NASDAQ:GOVX) Stock Plunged -50.51% So Far In 2024, What Analysts Expect Next?

In last trading session, Geovax Labs Inc (NASDAQ:GOVX) saw 0.49 million shares changing hands with its beta currently measuring 3.26. Company’s recent per share price level of $2.68 trading at -$0.03 or -1.11% at ring of the bell on the day assigns it a market valuation of $25.29M. That closing price of GOVX’s stock is at a discount of -317.16% from its 52-week high price of $11.18 and is indicating a premium of 59.33% from its 52-week low price of $1.09. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.21 million shares which gives us an average trading volume of 1.86 million if we extend that period to 3-months.

For Geovax Labs Inc (GOVX), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0 in the current quarter.

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Geovax Labs Inc (NASDAQ:GOVX) trade information

Upright in the red during last session for losing -1.11%, in the last five days GOVX remained trading in the red while hitting it’s week-highest on Monday, 11/25/24 when the stock touched $2.68 price level, adding 14.92% to its value on the day. Geovax Labs Inc’s shares saw a change of -50.51% in year-to-date performance and have moved -0.74% in past 5-day. Geovax Labs Inc (NASDAQ:GOVX) showed a performance of 32.67% in past 30-days. Number of shares sold short was 0.3 million shares which calculate 0.35 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 8 to the stock, which implies a rise of 66.5% to its current value. Analysts have been projecting 8 as a low price target for the stock while placing it at a high target of 8. It follows that stock’s current price would drop -198.51% in reaching the projected high whereas dropping to the targeted low would mean a loss of -198.51% for stock’s current value.

Geovax Labs Inc (GOVX) estimates and forecasts

Statistics highlight that Geovax Labs Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 47.25% of value to its shares in past 6 months, showing an annual growth rate of 68.58% while that of industry is 17.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 2.38M for the same. And 3 analysts are in estimates of company making revenue of 3M in the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 92.12% during past 5 years.

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

Insiders are in possession of 0.52% of company’s total shares while institution are holding 10.83 percent of that, with stock having share float percentage of 10.88%. Investors also watch the number of corporate investors in a company very closely, which is 10.83% institutions for Geovax Labs Inc that are currently holding shares of the company.

On the other hand, Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 30.25 shares of worth $79849.0 or 0.32% of the total outstanding shares. The later fund manager was in possession of 19.24 shares on Jun 30, 2024 , making its stake of worth around $50790.0 in the company or a holder of 0.20% of company’s stock.