NVAX has 36-month beta value of 2.09. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 2 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for NVAX is 153.03M, and currently, short sellers hold a 23.34% ratio of that float. The average trading volume of NVAX on November 04, 2024 was 6.13M shares.
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NVAX) stock’s latest price update
Novavax, Inc (NASDAQ: NVAX)’s stock price has plunge by -1.03relation to previous closing price of 9.35. Nevertheless, the company has seen a -9.72% plunge in its stock price over the last five trading sessions. accesswire.com reported 2024-11-04 that NEW YORK, NY / ACCESSWIRE / November 4, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Novavax, Inc. (“Novavax, Inc.”) (NASDAQ:NVAX) concerning possible violations of federal securities laws. On October 16, 2024, NVAX announced the Food and Drug Administration placed a clinical hold on the development of the company’s combination influenza and Covid-19 (CIC) shot and its stand-alone influenza vaccine.
NVAX’s Market Performance
Novavax, Inc (NVAX) has experienced a -9.72% fall in stock performance for the past week, with a -32.01% drop in the past month, and a -19.74% drop in the past quarter. The volatility ratio for the week is 5.89%, and the volatility levels for the past 30 days are at 5.93% for NVAX. The simple moving average for the last 20 days is -14.06% for NVAX stock, with a simple moving average of -5.85% for the last 200 days.
Analysts’ Opinion of NVAX
Many brokerage firms have already submitted their reports for NVAX stocks, with JP Morgan repeating the rating for NVAX by listing it as a “Underweight.” The predicted price for NVAX in the upcoming period, according to JP Morgan is $8 based on the research report published on July 30, 2024 of the current year 2024.
BofA Securities gave a rating of “Neutral” to NVAX, setting the target price at $12 in the report published on May 10th of the current year.
NVAX Trading at -21.94% from the 50-Day Moving Average
After a stumble in the market that brought NVAX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -61.22% of loss for the given period.
Volatility was left at 5.93%, however, over the last 30 days, the volatility rate increased by 5.89%, as shares sank -29.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.48% lower at present.
During the last 5 trading sessions, NVAX fell by -10.49%, which changed the moving average for the period of 200-days by +126.54% in comparison to the 20-day moving average, which settled at $10.76. In addition, Novavax, Inc saw 92.79% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NVAX starting from Dubovsky Filip, who proposed sale 7,335 shares at the price of $13.00 back on Sep 18 ’24. After this action, Dubovsky Filip now owns shares of Novavax, Inc, valued at $95,331 using the latest closing price.
YOUNG JAMES F, the Director of Novavax, Inc, sale 7,500 shares at $14.09 during a trade that took place back on Jun 21 ’24, which means that YOUNG JAMES F is holding 61,760 shares at $105,675 based on the most recent closing price.
Stock Fundamentals for NVAX
Current profitability levels for the company are sitting at:
- -0.35 for the present operating margin
- 0.6 for the gross margin
The net margin for Novavax, Inc stands at -0.36. The total capital return value is set at -0.43.
Based on Novavax, Inc (NVAX), the company’s capital structure generated -0.7 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at -0.41. The interest coverage ratio of the stock is -18.77.
Currently, EBITDA for the company is -373.8 million with net debt to EBITDA at 1.88. When we switch over and look at the enterprise to sales, we see a ratio of 1.24. The receivables turnover for the company is 25.63for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.04.
Conclusion
To put it simply, Novavax, Inc (NVAX) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
