Novavax Inc. (NASDAQ:NVAX) price closed higher on Friday, November 12, jumping 0.30% above its previous close.
A look at the daily price movement shows that the last close reads $169.38, with intraday deals fluctuated between $168.01 and $175.42. The company’s 5Y monthly beta was ticking 1.27. Taking into account the 52-week price action we note that the stock hit a 52-week high of $331.68 and 52-week low of $84.60. The stock added 0.09% on its value in the past month.
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Novavax Inc., which has a market valuation of $12.81 billion, is expected to release its quarterly earnings report May 10, 2021. Analysts tracking NVAX have forecast the quarterly EPS to shrink by -3.91 per share this quarter, while the same analysts predict the annual EPS to hit -$10.21 for the year 2021 and up to $32.3 for 2022. In this case, analysts estimate an annual EPS growth of -40.40% for the year and 416.40% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $334.62 million, with the likely lows of $200 million and highs of $509.01 million. Staying with the analyst view, there is a consensus estimate of $1.95 billion for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 310.30% above that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give NVAX a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 7 analysts have assigned NVAX a recommendation rating as follows: 3 rate it as a Hold; 4 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Novavax Inc. (NVAX) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that NVAX’s price is at present 6.59% off the SMA20 and -11.88% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 49.44, with weekly volatility standing at 6.02%. The indicator jumps to 8.18% when calculated based on the past 30 days. Novavax Inc. (NASDAQ:NVAX)’s beta value is holding at 1.33, while the average true range (ATR) indicator is currently reading 13.76. Considering analysts have assigned the stock a price target range of $172.00-$305.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $260.60. Based on this estimate, we see that current price is roughly -1.24% off the estimated low and -79.53% off the forecast high. Investors will no doubt be excited to see the share price fall to $282.00, which is the median consensus price, and at that level NVAX would be -65.99% from current price.
Turning out attention to how the Novavax Inc. stock has performed in comparison to its peers in the industry, here’s what we find: NVAX’s stock is 0.30% on the day and 86.96% in the past 12 months, while Johnson & Johnson (JNJ) traded 1.20% in the last session and was positioned 11.27% up on its price 12 months ago. Another comparison is with Pfizer Inc. (PFE) whose stock price was down -0.90% in the last trading session, and has flourished 39.75% over the past year. Also, Merck & Co. Inc. (MRK) showed down trend of -0.02% while its price kept floating at 10.31% over the past year. Elsewhere in the market, the S&P 500 Index has rallied 0.72% in last trading session, with the Dow Jones Industrial also saw a positive session on the day with 0.50%.
An analysis of the Novavax Inc. (NASDAQ:NVAX) stock in terms of its daily trading volume indicates that the 3-month average is 5.10 million.
Current records show that the company has 74.75M in outstanding shares. The insiders’ percentage holdings are 0.30% of outstanding shares while the percentage share held by institutions stands at 54.50%. But the 52.35% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.