After finishing at $4.42 in the prior trading day, Novavax, Inc. (NASDAQ: NVAX) closed at $4.43, up 0.23%. In other words, the price has increased by $+0.0100 from its previous closing price. On the day, 2043871 shares were traded.
Ratios:
Our goal is to gain a better understanding of NVAX by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.67 and its Current Ratio is at 0.70.
On April 20, 2023, TD Cowen Downgraded its rating to Market Perform which previously was Outperform and also lowered its target price recommendation from $55 to $10.
B. Riley Securities Downgraded its Buy to Neutral on March 01, 2023, whereas the target price for the stock was revised from $29 to $10.
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 619.99M and an Enterprise Value of 280.57M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.63. Its current Enterprise Value per Revenue stands at 0.50 whereas that against EBITDA is -0.58.
Stock Price History:
Over the past 52 weeks, NVAX has reached a high of $11.36, while it has fallen to a 52-week low of $3.53. The 50-Day Moving Average of the stock is 4.6520, while the 200-Day Moving Average is calculated to be 6.2456.
Shares Statistics:
The stock has traded on average 8.08M shares per day over the past 3-months and 3.86M shares per day over the last 10 days, according to various share statistics. A total of 139.51M shares are outstanding, with a floating share count of 131.81M. Insiders hold about 5.82% of the company’s shares, while institutions hold 55.75% stake in the company. Shares short for NVAX as of Mar 15, 2024 were 48.13M with a Short Ratio of 5.95, compared to 54.83M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 34.39% and a Short% of Float of 40.08%.
Earnings Estimates
Its stock is currently analyzed by 5 different market analysts. On average, analysts expect EPS of -$0.95 for the current quarter, with a high estimate of -$0.34 and a low estimate of -$1.48, while EPS last year was -$3.41. The consensus estimate for the next quarter is -$1.03, with high estimates of -$0.53 and low estimates of -$1.93.
Analysts are recommending an EPS of between $0.13 and -$1.65 for the fiscal current year, implying an average EPS of -$0.8. EPS for the following year is $0.12, with 6 analysts recommending between $2.72 and -$1.23.
Revenue Estimates
4 analysts predict $101.45M in revenue for the current quarter. It ranges from a high estimate of $104M to a low estimate of $99.8M. As of the current estimate, Novavax, Inc.’s year-ago sales were $80.95M, an estimated increase of 25.30% from the year-ago figure.
A total of 6 analysts have provided revenue estimates for NVAX’s current fiscal year. The highest revenue estimate was $941.8M, while the lowest revenue estimate was $800M, resulting in an average revenue estimate of $849.66M. In the same quarter a year ago, actual revenue was $983.71M, down -13.60% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $929.22M in the next fiscal year. The high estimate is $1.26B and the low estimate is $635M. The average revenue growth estimate for next year is up 9.40% from the average revenue estimate for this year.
