Novavax, Inc. [NASDAQ: NVAX] price plunged by -4.32 percent to reach at -$0.65.
The one-year NVAX stock forecast points to a potential upside of 36.84. The average equity rating for NVAX stock is currently 2.00, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on 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 $22.80 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 2.00. 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.
JP Morgan have made an estimate for Novavax, Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 10, 2024. While these analysts kept the previous recommendation, BofA Securities dropped their target price from $4 to $12. The new note on the price target was released on May 10, 2024, representing the official price target for Novavax, Inc. stock. Previously, the target price had yet another raise to $15, while B. Riley Securities analysts kept a Buy rating on NVAX stock. On April 20, 2023, analysts decreased their price target for NVAX shares from 55 to 10.
The Average True Range (ATR) for Novavax, Inc. is set at 1.86, with the Price to Sales ratio for NVAX stock in the period of the last 12 months amounting to 2.03.
NVAX Stock Performance Analysis:
Novavax, Inc. [NVAX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -20.75. With this latest performance, NVAX shares gained by 11.63% in over the last four-week period, additionally plugging by 168.66% over the last 6 months – not to mention a rise of 86.53% 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 50.72, with the RSI for the last a single of trading hit 43.25, and the three-weeks RSI is set at 54.92 for Novavax, Inc. [NVAX]. The present Moving Average for the last 50 days of trading for this stock 9.86, while it was recorded at 15.61 for the last single week of trading, and 6.76 for the last 200 days.
Insight into Novavax, Inc. Fundamentals:
Novavax, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.88 and a Current Ratio set at 0.90.
NVAX Stock EPS
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 37.90%.
Novavax, Inc. [NVAX] Institutonal Ownership Details
The top three institutional holders of NVAX stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in NVAX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in NVAX stock with ownership which is approximately 5.8386%.