The 36-month beta value for VRAX is also noteworthy at 1.98. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for VRAX is 4.05M, and at present, short sellers hold a 6.30% of that float. The average trading volume of VRAX on October 23, 2024 was 4.57M shares.
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VRAX) stock’s latest price update
The stock price of Virax Biolabs Group Ltd (NASDAQ: VRAX) has jumped by 62.62 compared to previous close of 1.68. Despite this, the company has seen a gain of 69.69% in its stock price over the last five trading days. prnewswire.com reported 2024-10-23 that LONDON, Oct. 23, 2024 /PRNewswire/ — Virax Biolabs Group Limited (NASDAQ: VRAX) (“Virax” or the “Company”), an innovative biotechnology company focused on the detection of immune responses and diagnosis of viral diseases, today announced that it has entered into a distribution agreement with Europa Biosite to commercialize the company’s ImmuneSelect Research Use portfolio in the United Kingdom and Ireland through its wholly owned subsidiary Cambridge Bioscience. “ImmuneSelect is an important suite of profiling solutions for assessing adaptive immunity and we are pleased to partner with Europa Biosite, a leader in life science distribution across Europe,” said James Foster, CEO of Virax Biolabs.
VRAX’s Market Performance
VRAX’s stock has risen by 69.69% in the past week, with a monthly rise of 41.55% and a quarterly rise of 133.50%. The volatility ratio for the week is 10.39% while the volatility levels for the last 30 days are 12.48% for Virax Biolabs Group Ltd The simple moving average for the last 20 days is 50.68% for VRAX’s stock, with a simple moving average of 88.13% for the last 200 days.
VRAX Trading at -3.33% from the 50-Day Moving Average
After a stumble in the market that brought VRAX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -69.64% of loss for the given period.
Volatility was left at 12.48%, however, over the last 30 days, the volatility rate increased by 10.39%, as shares surge +34.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +106.15% upper at present.
During the last 5 trading sessions, VRAX rose by +66.46%, which changed the moving average for the period of 200-days by +123.33% in comparison to the 20-day moving average, which settled at $1.8105. In addition, Virax Biolabs Group Ltd saw 87.12% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for VRAX
Current profitability levels for the company are sitting at:
- -41.53 for the present operating margin
- 0.32 for the gross margin
The net margin for Virax Biolabs Group Ltd stands at -43.05. The total capital return value is set at -1.22. Equity return is now at value -92.92, with -88.04 for asset returns.
Based on Virax Biolabs Group Ltd (VRAX), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at -27.85. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is -241.7.
Currently, EBITDA for the company is -6.22 million with net debt to EBITDA at 0.56. When we switch over and look at the enterprise to sales, we see a ratio of 57.18. The receivables turnover for the company is 0.72for trailing twelve months and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 25.94.
Conclusion
In summary, Virax Biolabs Group Ltd (VRAX) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as 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.
