Redburn lifts Moderna Inc. [MRNA] price estimate. Who else is bullish?


Moderna Inc. [NASDAQ: MRNA] stock went on a downward path that fall over -1.79% on Wednesday, amounting to a one-week price decrease of less than -5.31%. The company report on July 22, 2022 that EMA Committee for Medicinal Products for Human Use (CHMP) Recommends Use of the Moderna COVID-19 Booster in Adolescents (12-17 Years) in the European Union.

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Moderna, Inc. (NASDAQ:MRNA), a biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines, today announced that the European Medicines Agency’s (EMA) Committee for Medicinal Products for Human Use (CHMP) has adopted a positive opinion recommending a variation to the conditional marketing authorization (CMA) to include a booster dose of Spikevax, the Company’s COVID-19 vaccine, at the 50 µg dose level for adolescents (12-17 years) at least three months after completion of the primary series.

“The recommendation to authorize the use of a booster dose of Spikevax in adolescents ages 12-17 is an important step to continue to protect this age group from COVID-19 and the emergence of new variants of concern,” said Stéphane Bancel, Chief Executive Officer of Moderna. “We are grateful to the CHMP for their comprehensive review of our submission and look forward to an authorization decision from the European Commission.”.

Over the last 12 months, MRNA stock dropped by -51.90%. The one-year Moderna Inc. stock forecast points to a potential upside of 28.39. The average equity rating for MRNA stock is currently 2.50, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $64.92 billion, with 402.00 million shares outstanding and 360.33 million shares in the current float. Compared to the average trading volume of 5.72M shares, MRNA stock reached a trading volume of 4281375 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Moderna Inc. [MRNA]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MRNA shares is $220.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MRNA stock is a recommendation set at 2.50. 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.

Redburn have made an estimate for Moderna Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 01, 2022. The new note on the price target was released on January 26, 2022, representing the official price target for Moderna Inc. stock. Previously, the target price had yet another raise from $135 to $180, while BofA Securities kept a Neutral rating on MRNA stock.

The Average True Range (ATR) for Moderna Inc. is set at 9.03, with the Price to Sales ratio for MRNA stock in the period of the last 12 months amounting to 2.87. The Price to Book ratio for the last quarter was 3.72, with the Price to Cash per share for the same quarter was set at 24.62. Price to Free Cash Flow for MRNA in the course of the last twelve months was 4.98 with Quick ratio for the last quarter at 1.60.

MRNA Stock Performance Analysis:

Moderna Inc. [MRNA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.31. With this latest performance, MRNA shares gained by 8.71% in over the last four-week period, additionally plugging by 3.59% over the last 6 months – not to mention a drop of -51.90% 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 MRNA stock in for the last two-week period is set at 50.10, with the RSI for the last a single of trading hit 44.44, and the three-weeks RSI is set at 51.82 for Moderna Inc. [MRNA]. The present Moving Average for the last 50 days of trading for this stock 147.18, while it was recorded at 163.40 for the last single week of trading, and 195.36 for the last 200 days.

Insight into Moderna Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Moderna Inc. [MRNA] shares currently have an operating margin of +71.89 and a Gross Margin at +84.53. Moderna Inc.’s Net Margin is presently recorded at +66.27.

Return on Equity for this stock inclined to 146.08, with Return on Assets sitting at 75.78.

Moderna Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.80.

Moderna Inc. [MRNA] Insider Position Details

There are presently around $39,333 million, or 64.20% of MRNA stock, in the hands of institutional investors. The top three institutional holders of MRNA stocks are: BAILLIE GIFFORD & CO with ownership of 45,629,226, which is approximately -0.312% of the company’s market cap and around 5.30% of the total institutional ownership; BLACKROCK INC., holding 28,671,935 shares of the stock with an approximate value of $4.53 billion in MRNA stocks shares; and VANGUARD GROUP INC, currently with $4.27 billion in MRNA stock with ownership of nearly -1.416% of the company’s market capitalization.

Positions in Moderna Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 502 institutional holders increased their position in Moderna Inc. [NASDAQ:MRNA] by around 19,393,705 shares. Additionally, 527 investors decreased positions by around 16,365,842 shares, while 155 investors held positions by with 213,153,083 shares. The mentioned changes placed institutional holdings at 248,912,630 shares, according to the latest SEC report filing. MRNA stock had 127 new institutional investments in for a total of 1,639,258 shares, while 197 institutional investors sold positions of 1,564,288 shares during the same period.