Novavax, Inc (NASDAQ: NVAX) is -51.74% 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 $7.17 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $7.22, the stock is 6.07% and 5.01% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.78 million and changing 0.70% at the moment leaves the stock -10.59% off its SMA200. NVAX registered -10.20% loss for a year compared to 6-month loss of -14.05%. The firm has a 50-day simple moving average (SMA 50) of $6.8756 and a 200-day simple moving average (SMA200) of $8.0758.
The stock witnessed a 12.64% gain in the last 1 month and extending the period to 3 months gives it a 20.13%, and is 4.94% 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 3.20% over the week and 4.15% over the month.
Novavax, Inc (NVAX) has around 952 employees, a market worth around $1.17B and $1.25B in sales. Current P/E ratio is 2.72 and Fwd P/E is 105.62. Profit margin for the company is 38.14%. Distance from 52-week low is 44.11% and -59.46% 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 291.05% this year.
Novavax, Inc (NVAX) Top Institutional Holders
326.0 institutions hold shares in Novavax, Inc (NVAX), with institutional investors hold 62.70% of the company’s shares. The shares outstanding are 161.96M, and float is at 147.56M with Short Float at 31.55%. Institutions hold 57.20% 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).
