Is Vaxart Inc (NASDAQ:VXRT), -152.46% Below Its High, Poised For A Strong Recovery?

In last trading session, Vaxart Inc (NASDAQ:VXRT) saw 0.59 million shares changing hands with its beta currently measuring 0.63. Company’s recent per share price level of $0.61 trading at $0.0 or 0.00% at ring of the bell on the day assigns it a market valuation of $138.76M. That closing price of VXRT’s stock is at a discount of -152.46% from its 52-week high price of $1.54 and is indicating a premium of 14.75% from its 52-week low price of $0.52. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.93 million shares which gives us an average trading volume of 1.39 million if we extend that period to 3-months.

For Vaxart Inc (VXRT), 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 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.11 in the current quarter.

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Vaxart Inc (NASDAQ:VXRT) trade information

Vaxart Inc’s shares saw a change of 6.49% in year-to-date performance and have moved 1.79% in past 5-day. Vaxart Inc (NASDAQ:VXRT) showed a performance of -22.28% in past 30-days. Number of shares sold short was 11.27 million shares which calculate 11.71 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 2 to the stock, which implies a rise of 69.5% to its current value. Analysts have been projecting 2 as a low price target for the stock while placing it at a high target of 2. It follows that stock’s current price would drop -227.87% in reaching the projected high whereas dropping to the targeted low would mean a loss of -227.87% for stock’s current value.

Vaxart Inc (VXRT) estimates and forecasts

Statistics highlight that Vaxart Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -25.15% of value to its shares in past 6 months, showing an annual growth rate of 31.58% while that of industry is 16.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 364.62% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 15.68M for the same. And 3 analysts are in estimates of company making revenue of 8.32M in the next quarter. Company posted 3.25M and 2.18M of sales in current and next quarters respectively a year earlier.

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 27.81% during past 5 years.

Vaxart Inc (NASDAQ:VXRT)’s Major holders

Insiders are in possession of 0.87% of company’s total shares while institution are holding 17.80 percent of that, with stock having share float percentage of 17.96%. Investors also watch the number of corporate investors in a company very closely, which is 17.80% institutions for Vaxart Inc that are currently holding shares of the company. SIO CAPITAL MANAGEMENT, LLC is the top institutional holder at VXRT for having 14.76 million shares of worth $9.85 million. And as of 2024-06-30, it was holding 8.7465 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 9.95 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.8947 of outstanding shares, having a total worth of $6.64 million.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 7.16 shares of worth $4.31 million or 3.15% of the total outstanding shares. The later fund manager was in possession of 2.52 shares on Jun 30, 2024 , making its stake of worth around $1.52 million in the company or a holder of 1.11% of company’s stock.