In yesterday’s Wall Street session, Moderna Inc (NASDAQ:MRNA) shares traded at $81.04, down -6.47% from the previous session.
MRNA stock price is now -28.63% away from the 50-day moving average and -23.57% away from the 200-day moving average. The market capitalization of the company currently stands at $31.15B.
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With the price target reduced from $85 to $80, Deutsche Bank Upgraded its rating from Sell to Hold for Moderna Inc (NASDAQ: MRNA). On August 05, 2024, RBC Capital Mkts Downgraded its previous ‘Outperform’ rating to ‘Sector Perform’ on the stock reducing its target price from $125 to quote $90, while ‘HSBC Securities’ rates the stock as ‘Reduce’
In other news, Hoge Stephen, President sold 254 shares of the company’s stock on Aug 12 ’24. The stock was sold for $21,363 at an average price of $84.10. Upon completion of the transaction, the President now directly owns 1,442,357 shares in the company, valued at $116.89 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 12 ’24, Officer Hoge Stephen bought 254 shares of the business’s stock. A total of $21,363 was incurred on buying the stock at an average price of $84.10. A total of 12.18% of the company’s stock is owned by insiders.
During the past 12 months, Moderna Inc has had a low of $62.55 and a high of $170.47. As of last week, the company has a debt-to-equity ratio of 0.11, a current ratio of 4.09, and a quick ratio of 3.92. The fifty day moving average price for MRNA is $112.2073 and a two-hundred day moving average price translates $106.0538 for the stock.
The latest earnings results from Moderna Inc (NASDAQ: MRNA) was released for 2024-06-30. The net profit margin was -116.36% and return on equity was -40.94% for MRNA. The company reported revenue of $241.0 million for the quarter, compared to $344.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -29.94 percent.
