The stock price of Geovax Labs Inc (NASDAQ: GOVX) has dropped by -6.20 compared to previous close of 2.65. Despite this, the company has seen a fall of -7.94% in its stock price over the last five trading days. globenewswire.com reported 2024-09-03 that ATLANTA, GA, Sept. 03, 2024 (GLOBE NEWSWIRE) — GeoVax Labs, Inc. (Nasdaq: GOVX), a biotechnology company developing immunotherapies and vaccines against cancers and infectious diseases, today announced that its Chairman and CEO, David Dodd, will present at two upcoming investor events:
Is It Worth Investing in Geovax Labs Inc (NASDAQ: GOVX) Right Now?
Moreover, the 36-month beta value for GOVX is 3.08. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for GOVX is 8.48M and currently, short sellers hold a 3.03% of that float. On September 26, 2024, GOVX’s average trading volume was 6.32M shares.
GOVX’s Market Performance
The stock of Geovax Labs Inc (GOVX) has seen a -7.94% decrease in the past week, with a -58.36% drop in the past month, and a -29.98% fall in the past quarter. The volatility ratio for the week is 12.83%, and the volatility levels for the past 30 days are at 15.41% for GOVX. The simple moving average for the past 20 days is -27.21% for GOVX’s stock, with a -15.33% simple moving average for the past 200 days.
Analysts’ Opinion of GOVX
Many brokerage firms have already submitted their reports for GOVX stocks, with ROTH MKM repeating the rating for GOVX by listing it as a “Buy.” The predicted price for GOVX in the upcoming period, according to ROTH MKM is $20 based on the research report published on July 16, 2024 of the current year 2024.
Maxim Group, on the other hand, stated in their research note that they expect to see GOVX reach a price target of $8. The rating they have provided for GOVX stocks is “Buy” according to the report published on November 19th, 2020.
GOVX Trading at -29.19% from the 50-Day Moving Average
After a stumble in the market that brought GOVX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -77.77% of loss for the given period.
Volatility was left at 15.41%, however, over the last 30 days, the volatility rate increased by 12.83%, as shares sank -49.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.05% lower at present.
During the last 5 trading sessions, GOVX fell by -7.22%, which changed the moving average for the period of 200-days by -53.61% in comparison to the 20-day moving average, which settled at $3.29. In addition, Geovax Labs Inc saw -54.10% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GOVX starting from DODD DAVID A, who purchase 8,000 shares at the price of $1.95 back on Aug 09 ’24. After this action, DODD DAVID A now owns 26,661 shares of Geovax Labs Inc, valued at $15,600 using the latest closing price.
DODD DAVID A, the President, CEO of Geovax Labs Inc, purchase 8,209 shares at $2.27 during a trade that took place back on Feb 22 ’24, which means that DODD DAVID A is holding 18,661 shares at $18,663 based on the most recent closing price.
Stock Fundamentals for GOVX
Current profitability levels for the company are sitting at:
- -67.32 for the present operating margin
- 0.8 for the gross margin
The net margin for Geovax Labs Inc stands at -66.53. The total capital return value is set at 11.8. Equity return is now at value -362.39, with -212.40 for asset returns.
Based on Geovax Labs Inc (GOVX), the company’s capital structure generated -0.06 points at debt to capital in total, while cash flow to debt ratio is standing at -165.26. The debt to equity ratio resting at -0.06. The interest coverage ratio of the stock is -113.5.
Currently, EBITDA for the company is -26.67 million with net debt to EBITDA at 0.05. When we switch over and look at the enterprise to sales, we see a ratio of 49.58. The receivables turnover for the company is 1.35for trailing twelve months and the total asset turnover is 0.1. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.60.
Conclusion
To wrap up, the performance of Geovax Labs Inc (GOVX) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
