For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The price of Novavax, Inc (NASDAQ: NVAX) closed at $9.01 in the last session, up 1.12% from day before closing price of $8.91. In other words, the price has increased by $1.12 from its previous closing price. On the day, 14.41 million shares were traded. NVAX stock price reached its highest trading level at $10.39 during the session, while it also had its lowest trading level at $8.9.
Ratios:
We take a closer look at NVAX’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.03 and its Current Ratio is at 1.04.
BofA Securities Upgraded its Underperform to Neutral on May 10, 2024, whereas the target price for the stock was revised from $4 to $12.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 18 ’24 when Dubovsky Filip bought 7,335 shares for $13.00 per share.
YOUNG JAMES F sold 7,500 shares of NVAX for $105,675 on Jun 21 ’24. The Director now owns 61,760 shares after completing the transaction at $14.09 per share. On Jun 18 ’24, another insider, YOUNG JAMES F, who serves as the Director of the company, sold 7,500 shares for $13.72 each. As a result, the insider received 102,881 and left with 69,260 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NVAX now has a Market Capitalization of 1442446976 and an Enterprise Value of 656386688. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.42. Its current Enterprise Value per Revenue stands at 0.665 whereas that against EBITDA is -2.725.
Stock Price History:
Over the past 52 weeks, NVAX has reached a high of $23.86, while it has fallen to a 52-week low of $3.53. The 50-Day Moving Average of the stock is -22.40%, while the 200-Day Moving Average is calculated to be -9.47%.
Shares Statistics:
According to the various share statistics, NVAX traded on average about 5.93M shares per day over the past 3-months and 4280200 shares per day over the past 10 days. A total of 160.09M shares are outstanding, with a floating share count of 153.03M. Insiders hold about 4.42% of the company’s shares, while institutions hold 54.74% stake in the company. Shares short for NVAX as of 1728950400 were 35718187 with a Short Ratio of 6.02, compared to 1726185600 on 33531081. Therefore, it implies a Short% of Shares Outstanding of 35718187 and a Short% of Float of 27.83.
