Stock on Demand This Week: CureVac N.V. (CVAC)

CureVac N.V. (NASDAQ:CVAC) saw a downside of -7.81% to $39.80 after subtracting -$3.37 on Tuesday. The 5-day average trading volume is 657,689 shares of the company’s common stock. It has gained $45.16 in the past week. An average of 647,107 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 675,921.

CVAC’s 1-month performance is -36.03% or -$27.44 on its low of $37.54 reached on 10/12/21. The company’s shares have touched a 52-week low of $42.44 and high of $151.80, with the stock’s rally to the 52-week high happening on 02/08/21. YTD, CVAC has lost -46.75% or -$41.03. However, the current price is down -73.78%% 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 34.65 for the broader industry and 32.23 for the sector.CVAC stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 161.04.

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 11 October was 18.16% to suggest the stock is trending oversold, with historical volatility in this time period at 83.09%.

The stock’s 5-day moving average is $42.75, reflecting a -8.77% or -$3.85 change from its current price. CVAC is currently trading -34.09% above its 20-day SMA, -65.17% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -19.74% and -60.64% respectively.

Stochastic %K and %D was 8.32% and 7.63% and the average true range (ATR) pointed at 3.15. The RSI (14) points at 23.94%, while the 14-day stochastic is at 12.01% with the period’s ATR at 3.26. The stock’s 9-day MACD Oscillator is pointing at -2.36 and -6.62 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. Analysts offering their rating for CVAC stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate CVAC as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.

What is CVAC’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $44.96 and a high of $106.07, with their median price target at $55.14. Looking at these predictions, the average price target given by analysts is for CureVac N.V. (CVAC) stock is $68.72.

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