Market cap of Novavax Inc. [NVAX] reaches 5.72B – now what?

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Novavax Inc. [NASDAQ: NVAX] closed the trading session at $76.12 on 07/08/22. The day’s price range saw the stock hit a low of $70.64, while the highest price level was $76.77. The company report on July 5, 2022 that Novavax Nuvaxovid™ COVID-19 Vaccine Conditionally Authorized in the European Union for Adolescents Aged 12 Through 17.


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Nuvaxovid™ COVID-19 vaccine is the first protein-based option for adolescents aged 12 through 17 in Europe.

Novavax, Inc. (Nasdaq: NVAX), a biotechnology company dedicated to developing and commercializing next-generation vaccines for serious infectious diseases, today announced that the European Commission (EC) has approved the expanded conditional marketing authorization (CMA) of Nuvaxovid™ (NVX-CoV2373) COVID-19 vaccine in the European Union (EU) for adolescents aged 12 through 17. The approval follows the positive recommendation made by the European Medicines Agency’s Committee for Medicinal Products for Human Use on June 23, 2022.

The stocks have a year to date performance of -46.80 percent and weekly performance of 48.01 percent. The stock has been moved at -45.02 percent over the last six months. The stock has performed 60.12 percent around the most recent 30 days and changed 16.69 percent over the most recent 3-months.

If compared to the average trading volume of 6.39M shares, NVAX reached to a volume of 8712201 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Novavax Inc. [NVAX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NVAX shares is $152.60 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NVAX stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for Novavax Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on May 20, 2022. While these analysts kept the previous recommendation, B. Riley Securities dropped their target price from $315 to $265. The new note on the price target was released on February 23, 2022, representing the official price target for Novavax Inc. stock. Previously, the target price had yet another raise to $198, while Jefferies analysts kept a Buy rating on NVAX stock.

The Average True Range (ATR) for Novavax Inc. is set at 6.13, with the Price to Sales ratio for NVAX stock in the period of the last 12 months amounting to 4.07. The Price to Book ratio for the last quarter was 89.55.

NVAX stock trade performance evaluation

Novavax Inc. [NVAX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 48.01. With this latest performance, NVAX shares gained by 60.12% in over the last four-week period, additionally sinking by -45.02% over the last 6 months – not to mention a drop of -59.03% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NVAX stock in for the last two-week period is set at 73.12, with the RSI for the last a single of trading hit 82.08, and the three-weeks RSI is set at 66.20 for Novavax Inc. [NVAX]. The present Moving Average for the last 50 days of trading for this stock 51.02, while it was recorded at 66.85 for the last single week of trading, and 109.17 for the last 200 days.

Novavax Inc. [NVAX]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Novavax Inc. [NVAX] shares currently have an operating margin of -147.13 and a Gross Margin at +98.90. Novavax Inc.’s Net Margin is presently recorded at -152.12.

Return on Equity for this stock declined to -1,265.72, with Return on Assets sitting at -83.85.

Novavax Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.00.

Earnings per share (EPS) analysis for Novavax Inc. [NVAX] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NVAX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Novavax Inc. go to 0.00%.

Novavax Inc. [NVAX]: Insider Ownership positions

There are presently around $2,552 million, or 43.70% of NVAX stock, in the hands of institutional investors. The top three institutional holders of NVAX stocks are: VANGUARD GROUP INC with ownership of 6,966,943, which is approximately 1.014% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 4,515,805 shares of the stock with an approximate value of $343.74 million in NVAX stocks shares; and STATE STREET CORP, currently with $189.96 million in NVAX stock with ownership of nearly 31.398% of the company’s market capitalization.

Positions in Novavax Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 210 institutional holders increased their position in Novavax Inc. [NASDAQ:NVAX] by around 6,247,272 shares. Additionally, 207 investors decreased positions by around 6,042,369 shares, while 69 investors held positions by with 21,231,361 shares. The mentioned changes placed institutional holdings at 33,521,002 shares, according to the latest SEC report filing. NVAX stock had 65 new institutional investments in for a total of 2,306,624 shares, while 104 institutional investors sold positions of 785,351 shares during the same period.

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