Novavax, Inc (NASDAQ: NVAX) is -53.84% lower on its value in year-to-date trading and has touched a low of $5.01 and a high of $17.81 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 NVAX stock was last observed hovering at around $6.31 in the last trading session, with the day’s gains setting it 2.46%.
Currently trading at $8.77M, the stock is -7.00% and -3.43% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.91 million and changing 5913084% at the moment leaves the stock -24.75% off its SMA200. NVAX registered -19.28% loss for a year compared to 6-month loss of -24.80%. The firm has a 50-day simple moving average (SMA 50) of $6.7206 and a 200-day simple moving average (SMA200) of $8.6252.
The stock witnessed a -10.97% gain in the last 1 month and extending the period to 3 months gives it a -15.60%, and is -7.68% 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 2.72% over the week and 3.52% over the month.
Novavax, Inc (NVAX) has around 952 employees, a market worth around $1.05B and $1.25B in sales. Current P/E ratio is 2.45 and Fwd P/E is 28.60. Profit margin for the company is 38.14%. Distance from 52-week low is 29.54% and -63.56% from its 52-week high. The company has generated returns on investments over the last 12 months (324.46%).
The EPS is expected to grow by 298.25% this year.
Novavax, Inc (NVAX) Top Institutional Holders
323.0 institutions hold shares in Novavax, Inc (NVAX), with institutional investors hold 62.80% of the company’s shares. The shares outstanding are 161.96M, and float is at 147.54M with Short Float at 30.30%. Institutions hold 57.29% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 14.08 million shares valued at $178.19 million. The investor’s holdings represent 9.4861% of the NVAX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 11.85 million shares valued at $149.98 million to account for 7.984 of the shares outstanding. The other top investors are SHAH CAPITAL MANAGEMENT which holds 9.66 million shares representing 6.5118% and valued at over $122.32 million, while D. E. SHAW & CO., INC. holds 4.2608 of the shares totaling 6.32 million with a market value of $80.04 million.
Novavax, Inc (NVAX) Insider Activity
Still, SEC filings show that on Dec 13 ’24, King Rachel K. (Director) disposed off 4,150 shares at an average price of $9.02 for $37435.0. The insider now directly holds 14,770 shares of Novavax, Inc (NVAX).
