In yesterday’s Wall Street session, Novavax, Inc. (NASDAQ:NVAX) shares traded at $15.52, up 0.10% from the previous session.
NVAX stock price is now 137.65% away from the 50-day moving average and 152.51% away from the 200-day moving average. The market capitalization of the company currently stands at $2.18B.
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On May 10, 2024, BofA Securities Upgraded its previous ‘Underperform’ rating to ‘Neutral’ on the stock increasing its target price from $4 to quote $12, while ‘B. Riley Securities’ rates the stock as ‘Buy’
In other news, Dubovsky Filip, President, R&D sold 47,312 shares of the company’s stock on May 14 ’24. The stock was sold for $657,637 at an average price of $13.90. Upon completion of the transaction, the President, R&D now directly owns 38,953 shares in the company, valued at $0.6 million. A total of 5.05% of the company’s stock is owned by insiders.
During the past 12 months, Novavax, Inc. has had a low of $3.53 and a high of $17.40. The fifty day moving average price for NVAX is $6.5284 and a two-hundred day moving average price translates $6.1445 for the stock.
The latest earnings results from Novavax, Inc. (NASDAQ: NVAX) was released for 2024-03-31. According to the Biotechnology Company, earnings per share came in at 0.58, beating analysts’ expectations of -1.39 by 1.97. This compares to -$3.41 EPS in the same period last year. The company reported revenue of $93.86 million for the quarter, compared to $80.95 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.94 percent. For the current quarter, analysts expect NVAX to generate $414.82M in revenue.
