What Analysts Say about the Novavax Inc. (NVAX) Stock

Novavax Inc. (NASDAQ:NVAX) saw an upside of 13.03% to close Monday at $8.07 after adding $0.93 on the day. The 5-day average trading volume is 7,292,040 shares of the company’s common stock. It has gained $8.51 in the past week and touched a new high 4 times within the past 5 days. An average of 7,677,745 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,844,128.

NVAX’s 1-month performance is -0.98% or -$0.08 on its low of $6.84 reached on 08/09/23. The company’s shares have touched a 52-week low of $5.61 and high of $37.91, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, NVAX has lost -21.50% or -$2.21 and has reached a new high 6 times. However, the current price is down -78.71% from the 52-week high price.

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Valuation Metrics

NVAX stock has a beta of 1.72. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.49.

Novavax Inc.’s quick ratio for the period ended June 29 was 0.70, with the current ratio over the same period at 0.70. In terms of profitability, the gross margin trailing 12 months is 55.80%. The trailing 12-month EBITDA margin is -31.07% while for the period ending June 29, Novavax Inc.’s operating margin was -39.30%. The firm’s gross profit as reported stood at $1.08 billion against revenue of $1.98 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 980.0% to $58.01 million, while revenue of -$293.91 million was 606.65% off the previous quarter. Analysts expected NVAX to announce -$1.39 per share in earnings in its latest quarter, but it posted $0.58, representing a 141.70% surprise. EBITDA for the quarter stood at more than $65.52 million. NVAX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.44 billion, with total debt at $237.33 million. Shareholders hold equity totaling $94.4 million.

Let’s look briefly at Novavax Inc. (NVAX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 58.07% to suggest the stock is trending Neutral, with historical volatility in this time period at 81.96%.

The stock’s 5-day moving average is $7.39, reflecting a +11.46% or $0.83 change from its current price. NVAX is currently trading +1.25% above its 20-day SMA, +31.01% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +4.94% and SMA200 by-63.32%.

Stochastic %K and %D was 31.51% and 20.82% and the average true range (ATR) pointed at 0.70. The RSI (14) points at 53.91%, while the 14-day stochastic is at 61.40% with the period’s ATR at 0.68. The stock’s 9-day MACD Oscillator is pointing at 0.15 and -0.03 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Novavax Inc. (NASDAQ: NVAX), B. Riley Securities upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for NVAX stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate NVAX as a “sell,”, while 1 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $5.00 and a high of $38.00, with their median price target at $15.00. Looking at these predictions, the average price target given by analysts is for Novavax Inc. (NVAX) stock is $20.60.

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