Stock on Demand This Week: Dynavax Technologies Corporation (DVAX)

Dynavax Technologies Corporation (NASDAQ:DVAX) saw an upside of 1.15% to close Monday at $17.53 after adding $0.2 on the day. The 5-day average trading volume is 1,866,680 shares of the company’s common stock. It has gained $18.40 in the past week. An average of 5,172,310 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,581,008.

DVAX’s 1-month performance is -0.11% or -$0.02 on its low of $13.30 reached on 09/15/21. The company’s shares have touched a 52-week low of $3.58 and high of $20.96, with the stock’s rally to the 52-week high happening on 09/27/21. YTD, DVAX has achieved 293.93% or $13.08. However, the current price is down -16.36%% from the 52-week high price.

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Insider Transactions

On Oct 07, 5 days have gone by since the last insider trading activity for Dynavax Technologies Corporation (DVAX). Novack David F (President & COO) most recently sold 3,000 shares at $18.00 per share on Oct 07. This transaction cost the insider $54,000. President & COO, Novack David F, sold 17,000 shares at a price of $18.23 on Oct 01. Then, on Sep 01, Senior Vice President Janssen Robert sold 900 shares at a price of $20.15 per share. This transaction amounted to $18,135.

Valuation Metrics

Dynavax Technologies Corporation (DVAX) has a trailing price-to-earnings (P/E) ratio of 23.00 for the broader industry and 32.24 for the sector.DVAX stock has a beta of 1.27. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 12.45 while the price-to-book (PB) in the most recent quarter is 24.01, with the price to cash flow ratio at 20.75.

Dynavax Technologies Corporation’s quick ratio for the period ended June 29 was 2.40, with the current ratio over the same period at 2.90 meaning that DVAX stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 2.64, while the total debt to equity was 2.64. In terms of profitability, the gross margin trailing 12 months is 71.90%. The trailing 12-month EBITDA margin is -141.54% while for the period ending June 29; Dynavax Technologies Corporation’s operating margin was 4.00%. The firm’s gross profit as reported stood at $35.14 million against revenue of $46.55 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Dynavax Technologies Corporation’s cash and short-term investments amounted to $216.2 million against total debt of $256.34 million. Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected DVAX to announce -$0.04 per share in earnings in its latest quarter, but it posted $0.02, representing a 150.00% surprise. EBITDA for the quarter stood at more than $11.09 million. DVAX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 564.53 million, with total debt at $256.34 million. Shareholders hold equity totaling $114.76 million

Technical Picture

Let’s look briefly at Dynavax Technologies Corporation (DVAX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 50.06% to suggest the stock is trending Neutral, with historical volatility in this time period at 84.31%.

The stock’s 5-day moving average is $17.70, reflecting a +2.39% or $0.41 change from its current price. DVAX is currently trading +18.93% above its 20-day SMA, +129.15% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +87.69% and +213.04% respectively.

Stochastic %K and %D was 45.40% and 50.27% and the average true range (ATR) pointed at 1.42. The RSI (14) points at 52.70%, while the 14-day stochastic is at 33.91% with the period’s ATR at 1.47. The stock’s 9-day MACD Oscillator is pointing at -0.23 and -0.63 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Dynavax Technologies Corporation (NASDAQ: DVAX), Goldman launched coverage with a Buy rating. Analysts offering their rating for DVAX stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate DVAX as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $20.00 and a high of $24.00, with their median price target at $22.50. Looking at these predictions, the average price target given by analysts is for Dynavax Technologies Corporation (DVAX) stock is $22.25.


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