Market Insights: CureVac N.V. (CVAC)’s Notable Drop of -4.86, Closing at 3.13

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As of close of business last night, CureVac N.V.’s stock clocked out at $3.13, down -4.86% from its previous closing price of $3.29. In other words, the price has decreased by -$4.86 from its previous closing price. On the day, 1.18 million shares were traded. CVAC stock price reached its highest trading level at $3.32 during the session, while it also had its lowest trading level at $3.1.

Ratios:

To gain a deeper understanding of CVAC’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.09 and its Current Ratio is at 2.25. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.08.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Leerink Partners on April 25, 2024, Downgraded its rating to Market Perform and sets its target price to $4 from $12 previously.

On June 08, 2023, SVB Securities started tracking the stock assigning a Outperform rating and target price of $13.

UBS Upgraded its Neutral to Buy on January 19, 2023, whereas the target price for the stock was revised from $8 to $18.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CVAC now has a Market Capitalization of 702077824 and an Enterprise Value of 442565792. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.99 while its Price-to-Book (P/B) ratio in mrq is 1.45. Its current Enterprise Value per Revenue stands at 7.501 whereas that against EBITDA is -1.634.

Stock Price History:

The Beta on a monthly basis for CVAC is 2.63, which has changed by -0.6931373 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. Over the past 52 weeks, CVAC has reached a high of $10.70, while it has fallen to a 52-week low of $2.21. The 50-Day Moving Average of the stock is -8.78%, while the 200-Day Moving Average is calculated to be -25.51%.

Shares Statistics:

It appears that CVAC traded 1.27M shares on average per day over the past three months and 1586190 shares per day over the past ten days. A total of 223.99M shares are outstanding, with a floating share count of 93.16M. Insiders hold about 58.47% of the company’s shares, while institutions hold 7.94% stake in the company. Shares short for CVAC as of 1718323200 were 5886849 with a Short Ratio of 4.62, compared to 1715731200 on 3617090. Therefore, it implies a Short% of Shares Outstanding of 5886849 and a Short% of Float of 14.69.

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