Looking To Buy CureVac N.V. (CVAC)? Read This First

CureVac N.V. (NASDAQ:CVAC) saw a downside of -13.75% on Friday at $47.11 after subtracting -$7.51. The 5-day average trading volume is 464,997 shares of the company’s common stock. It has gained $58.36 in the past week and touched a new high 1 time within the past 5 days. An average of 477,669 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 607,938.

CVAC’s 1-month performance is -17.03% or -$23.40 on its low of $45.68 reached on 10/01/21. The company’s shares have touched a 52-week low of $46.12 and high of $151.80, with the stock’s rally to the 52-week high happening on 02/08/21. YTD, CVAC has lost -32.63% or -$34.62 and has reached a new high 7 times. However, the current price is down -68.97%% from the 52-week high price.


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Valuation Metrics

CureVac N.V. (CVAC) has a trailing price-to-earnings (P/E) ratio of 33.74 for the broader industry and 32.22 for the sector, meaning that investors are optimistic about the stock’s future prospects. CVAC stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 198.41. The trailing 12-month EBITDA margin is -244.22%. The firm’s gross profit as reported stood at $39.64 million against revenue of $55.83 million.

The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. Return on investment over the past year is -14.20%. In comparison, the average ROE for the broader industry over the past year is -36.91.

Earnings Surprise

For the quarterly period ending December 30 this year, Analysts expected CVAC to announce -$0.61 per share in earnings in its latest quarter, but it posted -$0.38, representing a 37.70% surprise. CVAC stock balance sheet for the quarter ending December 30 shows that, with total debt at $55.28 million

Technical Picture

Let’s look briefly at CureVac N.V. (CVAC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 30 September was 18.80% to suggest the stock is trending oversold, with historical volatility in this time period at 88.83%.

The stock’s 5-day moving average is $53.65, reflecting a -19.97% or -$11.59 change from its current price. CVAC is currently trading -35.34% above its 20-day SMA, -52.59% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -15.67% and -61.73% respectively.

Stochastic %K and %D was 12.17% and 17.15% and the average true range (ATR) pointed at 3.54. The RSI (14) points at 26.71%, while the 14-day stochastic is at 3.91% with the period’s ATR at 3.56. The stock’s 9-day MACD Oscillator is pointing at -2.79 and -3.27 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for CureVac N.V. (NASDAQ: CVAC), BofA Securities downgraded it to a Neutral rating. They previously had a Buy rating on the stock.

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