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Moderna Inc. (MRNA) – Don’t Be So Quick to Call it Dead

978 institutions hold shares in Moderna Inc. (MRNA), with 38.96M shares held by insiders accounting for 9.75% while institutional investors hold 60.08% of the company’s shares. The shares outstanding are 396.81M, and float is at 356.19M with Short Float at 3.64%. Institutions hold 54.22% of the Float.

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The top institutional shareholder in the company is Flagship Pioneering Inc. with over 30.87 million shares valued at $3.23 billion. The investor’s holdings represent 7.71% of the MRNA Shares outstanding. As of Dec 30, 2020, the second largest holder is Baillie Gifford and Company with 24.31 million shares valued at $2.54 billion to account for 6.07% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 23.37 million shares representing 5.84% and valued at over $2.44 billion, while Blackrock Inc. holds 5.11% of the shares totaling 20.48 million with a market value of $2.14 billion.

Moderna Inc. (NASDAQ: MRNA) is 54.98% higher on its value in year-to-date trading and has touched a low of $43.11 and a high of $189.26 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MRNA stock was last observed hovering at around $170.81 in the last trading session, with the day’s loss setting it -8.9% off its average median price target of $182.00 for the next 12 months. It is also 30.81% off the consensus price target high of $234.00 offered by 16 analysts, but current levels are -102.39% lower than the price target low of $80.00 for the same period.

Currently trading at $161.91, the stock is 16.52% and 8.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.07 million and changing -5.21% at the moment leaves the stock 51.61% off its SMA200. MRNA registered 245.59% gain for a year compared to 6-month gain of 114.22%. The firm has a 50-day simple moving average (SMA 50) of $143.54 and a 200-day simple moving average (SMA200) of $119.02.

The stock witnessed a 14.46% loss in the last 1 month and extending the period to 3 months gives it a 24.88%, and is 16.15% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.92% over the week and 5.91% over the month.

Moderna Inc. (MRNA) has around 1300 employees, a market worth around $60.64B and $803.40M in sales. Fwd P/E is 10.23. Profit margin for the company is -93.00%. Distance from 52-week low is 275.57% and -14.45% from its 52-week high. The company has generated returns on investments over the last 12 months (-28.40%).

Moderna Inc. (MRNA) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Moderna Inc. (MRNA) is a “Overweight”. 16 analysts offering their recommendations for the stock have an average rating of 2.60, where 5 rate it as a Hold and 0 think it is a “Overweight”. 8 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.

Moderna Inc. is expected to release its quarterly report on 08/11/2021 and quarterly earnings per share for the current quarter are estimated at $2.76 with sales reaching $2.06B over the same period.The EPS is expected to shrink by -26.10% this year, but quarterly earnings will post 2,042.90% year-over-year. Quarterly sales are estimated to grow 24,436.20% in year-over-year returns.

Moderna Inc. (MRNA) Insider Activity

A total of 688 insider transactions have happened at Moderna Inc. (MRNA) in the last six months, with sales accounting for 579 and purchases happening 109 times. The most recent transaction is an insider sale by Bancel Stephane, the company’s Chief Executive Officer. SEC filings show that Bancel Stephane sold 10,000 shares of the company’s common stock on Apr 15 at a price of $158.76 per share for a total of $1.59 million. Following the sale, the insider now owns 7.45 million shares.

Moderna Inc. disclosed in a document filed with the SEC on Apr 15 that HENDERSON LORI M. (General Counsel and Secretary) sold a total of 6,600 shares of the company’s common stock. The trade occurred on Apr 15 and was made at $158.76 per share for $1.05 million. Following the transaction, the insider now directly holds 901.0 shares of the MRNA stock.

Still, SEC filings show that on Apr 14, Bancel Stephane (Chief Executive Officer) disposed off 9,000 shares at an average price of $153.75 for $1.38 million. The insider now directly holds 6,358,868 shares of Moderna Inc. (MRNA).

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