The stock of Vaxart Inc (NASDAQ:VXRT) last traded at $0.87, down -6.95% from the previous session.
VXRT stock price is now 28.82% away from the 50-day moving average and 3.89% away from the 200-day moving average. The market capitalization of the company currently stands at $198.49M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target of $4, Oppenheimer recently initiated with Outperform rating for Vaxart Inc (NASDAQ: VXRT). , while ‘Cantor Fitzgerald’ rates the stock as ‘Overweight’
In other news, Watson W. Mark, Director bought 20,000 shares of the company’s stock on Jun 18 ’24. The stock was bought for $13,578 at an average price of $0.68. Upon completion of the transaction, the Director now directly owns 78,125 shares in the company, valued at $67968.75. A total of 0.87% of the company’s stock is owned by insiders.
During the past 12 months, Vaxart Inc has had a low of $0.52 and a high of $1.54. As of last week, the company has a debt-to-equity ratio of 0.29, a current ratio of 4.54, and a quick ratio of 4.54. The fifty day moving average price for VXRT is $0.6802 and a two-hundred day moving average price translates $0.84145 for the stock.
The latest earnings results from Vaxart Inc (NASDAQ: VXRT) was released for 2024-06-30. The net profit margin was -543.21% and return on equity was -91.66% for VXRT. The company reported revenue of $6.4 million for the quarter, compared to $1.36 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 371.35 percent. For the current quarter, analysts expect VXRT to generate $840k in revenue.
