In the last trading session, 0.84 million shares of the Novavax, Inc (NASDAQ:NVAX) were traded, and its beta was 3.11. Most recently the company’s share price was $7.39, and it changed around -$0.48 or -6.10% from the last close, which brings the market valuation of the company to $1.19B. NVAX currently trades at a discount to its 52-week high of $23.86, offering almost -222.87% off that amount. The share price’s 52-week low was $3.81, which indicates that the current value has risen by an impressive 48.44% since then.
Novavax, Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.14. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 2 recommended NVAX as a Hold, whereas 3 deemed it a Buy, and 1 rated it as Underweight. Novavax, Inc is expected to report earnings per share of -0.38 for the current quarter.
Novavax, Inc (NASDAQ:NVAX) trade information
Instantly NVAX has showed a red trend with a performance of -6.10% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 8.63 on recent trading dayincreased the stock’s daily price by 14.37%. The company’s shares are currently down -8.08% year-to-date, but still up 3.07% over the last five days. On the other hand, Novavax, Inc (NASDAQ:NVAX) is -14.96% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $22, which translates to bulls needing to increase their stock price by 66.41% from its current value. Analyst projections state that NVAX is forecast to be at a low of $14 and a high of $25.
Novavax, Inc (NVAX) estimates and forecasts
The year-over-year growth rate is expected to be -29.18%, down from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 64.6M in revenue for the current quarter. 3 analysts expect Novavax, Inc to make 174.73M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 93.86M and 415.48M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -31.17%. Forecasts for the next quarter put sales growth at -57.94%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 25.88%. Novavax, Inc earnings are expected to increase by 72.71% in 2025, but the outlook is positive 79.89% per year for the next five years.
Novavax, Inc (NASDAQ:NVAX)’s Major holders
BLACKROCK INC., with 8.4669% or 11.85 million shares worth $149.98 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Sep 30, 2024. The former held 4.86 shares worth $36.32 million, making up 3.02% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 4.15 shares worth around $31.04 million, which represents about 2.58% of the total shares outstanding.
