What Technical Indicators Show About GeoVax Labs Inc. (GOVX)?

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GeoVax Labs Inc. (NASDAQ:GOVX) finished Wednesday with an addition of $0.41 to close at $1.11, an upside of 58.89 percent. An average of 13,379,240 shares of common stock have been traded in the last five days. There was a gain of $0.3500 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 3,804,060 shares traded, while the 50-day average volume stands at 1,786,302.

GOVX stock has increased by 96.49% in the last month. The company shares reached their 1-month lowest point of $0.5310 on 12/28/22. With the stock rallying to its 52-week high on 01/25/23, shares of the company touched a low of $0.53 and a high of $4.30 in 52 weeks. It has reached a new high 5 times so far this year and achieved 76.13% or $0.4798 in price. In spite of this, the price is down -74.19% from the 52-week high.


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Valuation Metrics

GeoVax Labs Inc. (GOVX) stock’s beta is 2.87. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 141.47, the price-to-book (PB) ratio at 0.82.

Financial Health

The quick ratio of GeoVax Labs Inc. for the three months ended September 29 was 7.50, and the current ratio was 7.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending September 29. Its gross profit as reported stood at $19.13 million compared to revenue of $0.39 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, GeoVax Labs Inc.’s return on assets was -89.10%.

Earnings Surprise

The company posted a net income of -$3.97 million in the quarter, while revenues of -$2.24 million were grew 50.88%. The analyst consensus anticipated GeoVax Labs Inc.’s latest quarter earnings to come in at -$0.12 per share, but it turned out to be -$0.17, a -41.70% surprise. For the quarter, EBITDA amounted to -$3.95 million. At the end of the quarter ending September 29, GeoVax Labs Inc.’s stock balance sheet showed total liabilities of 6.79 million. Shareholders own equity worth $26.34 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at GeoVax Labs Inc. (GOVX) price momentum. RSI 9-day as of the close on 25 January was 77.65%, suggesting the stock is Overbought, with historical volatility in this time frame at 264.21%.

As of today, GOVX’s price is $0.7853 +46.05% or $0.3500 from its 5-day moving average. GOVX is currently trading +95.63% higher than its 20-day SMA and -6.72% lower than its 100-day SMA. However, the stock’s current price level is +43.76% above the SMA50 and +4.72% above the SMA200.

The stochastic %K and %D were 42.33% and 36.47%, respectively, and the average true range (ATR) was 0.1432. With the 14-day stochastic at 64.49% and the average true range at 0.1172, the RSI (14) stands at 72.74%. The stock has reached 0.0485 on the 9-day MACD Oscillator while the 14-day reading was at 0.0875.

Analyst Ratings

Maxim Group launched coverage on GeoVax Labs Inc. (NASDAQ: GOVX) in its analyst report released on November 19, 2020. The firm assigned the stock a Buy rating. The consensus rating for GeoVax Labs Inc. (GOVX) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell GOVX, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.

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

Analysts predict a range of price targets between $3.00 and $8.00, with a median target of $6.00. Taking a look at these predictions, the average price target given by analysts for GeoVax Labs Inc. (GOVX) stock is $5.67.

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