Moderna Inc (NASDAQ: MRNA)’s stock price has increased by 2.85 compared to its previous closing price of 63.93. However, the company has seen a 0.09% increase in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-29 that NEW YORK, Sept. 29, 2024 (GLOBE NEWSWIRE) — Klotho Neurosciences, Inc. (NASDAQ: KLTO), a cutting-edge biotechnology company focused on developing innovative therapies for neurodegenerative diseases and promoting healthy longevity, is proud to announce that Dr. Robert Langer, co-founder of Moderna, has joined its Scientific Advisory Board.
Is It Worth Investing in Moderna Inc (NASDAQ: MRNA) Right Now?
The 36-month beta value for MRNA is at 1.66. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 3 rating it as “overweight,” 13 as “hold,” and 3 as “sell.”
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The public float for MRNA is 342.77M, and currently, shorts hold a 8.06% of that float. The average trading volume for MRNA on September 30, 2024 was 4.54M shares.
MRNA’s Market Performance
The stock of Moderna Inc (MRNA) has seen a 0.09% increase in the past week, with a -16.09% drop in the past month, and a -44.63% fall in the past quarter. The volatility ratio for the week is 2.82%, and the volatility levels for the past 30 days are at 4.57% for MRNA. The simple moving average for the past 20 days is -7.43% for MRNA’s stock, with a -37.73% simple moving average for the past 200 days.
Analysts’ Opinion of MRNA
JP Morgan, on the other hand, stated in their research note that they expect to see MRNA reach a price target of $70, previously predicting the price at $88. The rating they have provided for MRNA stocks is “Underweight” according to the report published on September 13th, 2024.
Jefferies gave a rating of “Hold” to MRNA, setting the target price at $65 in the report published on September 13th of the current year.
MRNA Trading at -23.74% from the 50-Day Moving Average
After a stumble in the market that brought MRNA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -61.43% of loss for the given period.
Volatility was left at 4.57%, however, over the last 30 days, the volatility rate increased by 2.82%, as shares sank -15.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -45.80% lower at present.
During the last 5 trading sessions, MRNA rose by +0.09%, which changed the moving average for the period of 200-days by -19.82% in comparison to the 20-day moving average, which settled at $70.43. In addition, Moderna Inc saw -33.89% 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 MRNA starting from Klinger Shannon Thyme, who sale 551 shares at the price of $73.57 back on Sep 09 ’24. After this action, Klinger Shannon Thyme now owns 18,154 shares of Moderna Inc, valued at $40,539 using the latest closing price.
Klinger Shannon Thyme, the Officer of Moderna Inc, proposed sale 551 shares at $73.57 during a trade that took place back on Sep 09 ’24, which means that Klinger Shannon Thyme is holding shares at $40,539 based on the most recent closing price.
Stock Fundamentals for MRNA
Current profitability levels for the company are sitting at:
- -0.92 for the present operating margin
- 0.32 for the gross margin
The net margin for Moderna Inc stands at -1.16. The total capital return value is set at -0.35. Equity return is now at value -40.94, with -31.24 for asset returns.
Based on Moderna Inc (MRNA), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at -2.55. The debt to equity ratio resting at 0.11. The interest coverage ratio of the stock is -165.54.
Currently, EBITDA for the company is -3.21 billion with net debt to EBITDA at 0.3. When we switch over and look at the enterprise to sales, we see a ratio of 4.76. The receivables turnover for the company is 11.94for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.09.
Conclusion
In conclusion, Moderna Inc (MRNA) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. 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.
