The price of Moderna Inc (NASDAQ:MRNA) shares last traded on Wall Street rose 2.57% to $58.29.
MRNA stock price is now -20.84% away from the 50-day moving average and -44.05% away from the 200-day moving average. The market capitalization of the company currently stands at $22.41B.
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On September 13, 2024, JP Morgan Downgraded its previous ‘Neutral’ rating to ‘Underweight’ on the stock reducing its target price from $88 to quote $70, while ‘Jefferies’ rates the stock as ‘Hold’
In other news, Mock James M, Chief Financial Officer sold 715 shares of the company’s stock on Oct 07 ’24. The stock was sold for $42,986 at an average price of $60.12. Upon completion of the transaction, the Chief Financial Officer now directly owns 9,505 shares in the company, valued at $0.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 09 ’24, Chief Legal Officer Klinger Shannon Thyme sold 551 shares of the business’s stock. A total of $40,539 was realized by selling the stock at an average price of $73.57. This leaves the insider owning 18,154 shares of the company worth $1.06 million. A total of 10.83% of the company’s stock is owned by insiders.
During the past 12 months, Moderna Inc has had a low of $56.64 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 $73.6376 and a two-hundred day moving average price translates $104.17795 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.
