While Novavax, Inc has underperformed by -2.49%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NVAX rose by 66.67%, with highs and lows ranging from $23.86 to $3.53, whereas the simple moving average fell by -13.99% in the last 200 days.
On July 30, 2024, JP Morgan Downgraded Novavax, Inc (NASDAQ: NVAX) to Underweight. A report published by JP Morgan on May 10, 2024, Upgraded its rating to ‘Neutral’ for NVAX. BofA Securities also Upgraded NVAX shares as ‘Neutral’, setting a target price of $12 on the company’s shares in a report dated May 10, 2024. TD Cowen April 20, 2023d its ‘Outperform’ rating to ‘Market Perform’ for NVAX, as published in its report on April 20, 2023. B. Riley Securities’s report from March 01, 2023 suggests a price prediction of $10 for NVAX shares, giving the stock a ‘Neutral’ rating. B. Riley Securities also rated the stock as ‘Buy’.
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Analysis of Novavax, Inc (NVAX)
Further, the quarter-over-quarter decrease in sales is -54.80%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Novavax, Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. Taking into account the quick ratio of the company, currently set at 0.93, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and NVAX is recording an average volume of 5.86M. On a monthly basis, the volatility of the stock is set at 6.02%, whereas on a weekly basis, it is put at 5.15%, with a gain of 2.62% over the past seven days. Furthermore, long-term investors anticipate a median target price of $16.00, showing growth from the present price of $9.00, which can serve as yet another indication of whether NVAX is worth investing in or should be passed over.
How Do You Analyze Novavax, Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 4.47%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 58.98% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
NVAX shares are owned by institutional investors to the tune of 58.98% at present.
