Does Geovax Labs Inc (NASDAQ:GOVX) warrant a purchase right now? What to Consider Before Making a Decision

Geovax Labs Inc (NASDAQ:GOVX) shares traded 3.08% higher at $3.35 on Wall Street last session.

GOVX stock price is now 43.21% away from the 50-day moving average and -0.70% away from the 200-day moving average. The market capitalization of the company currently stands at $17.62M.

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With the price target of $20, ROTH MKM recently initiated with Buy rating for Geovax Labs Inc (NASDAQ: GOVX). On November 19, 2020, Maxim Group recently initiated its ‘Buy’ rating on the stock quoting a target price of $8

In other news, DODD DAVID A, President, CEO bought 8,000 shares of the company’s stock on Aug 09 ’24. The stock was bought for $15,600 at an average price of $1.95. Upon completion of the transaction, the President, CEO now directly owns 26,661 shares in the company, valued at $89314.35. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 22 ’24, President, CEO DODD DAVID A bought 8,209 shares of the business’s stock. A total of $18,663 was incurred on buying the stock at an average price of $2.27. This leaves the insider owning 18,661 shares of the company worth $62514.35. A total of 0.89% of the company’s stock is owned by insiders.

During the past 12 months, Geovax Labs Inc has had a low of $1.09 and a high of $9.75. The fifty day moving average price for GOVX is $2.33916 and a two-hundred day moving average price translates $3.37374 for the stock.

The latest earnings results from Geovax Labs Inc (NASDAQ: GOVX) was released for 2024-06-30. The net profit margin was -8951.60% and return on equity was -362.39% for GOVX.

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