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Virax Biolabs Group Limited (VRAX) – Don’t Be So Quick to Call it Dead

Virax Biolabs Group Limited (NASDAQ: VRAX) is -83.30% lower on its value in year-to-date trading and has touched a low of $2.42 and a high of $29.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The VRAX stock was last observed hovering at around $3.49 in the last trading session, with the day’s loss setting it -0.45%.

Currently trading at $3.04, the stock is -13.91% and -58.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.55 million and changing -12.89% at the moment leaves the stock -58.13% off its SMA200.

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The stock witnessed a -32.44% in the last 1 month, and is -1.94% down 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 12.37% over the week and 18.47% over the month.

Virax Biolabs Group Limited (VRAX) has around 6 employees, a market worth around $38.82M and $0.10M in sales. Distance from 52-week low is 25.62% and -89.52% from its 52-week high. The company has generated returns on investments over the last 12 months (92.10%).

Virax Biolabs Group Limited (VRAX) Analyst Forecasts

The EPS is expected to grow by 8.40% this year

Virax Biolabs Group Limited (VRAX) Top Institutional Holders

The shares outstanding are 12.77M, and float is at 4.35M with Short Float at 2.07%.

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