Market analysts rated Novavax Inc. [NVAX] Falling to $27. time to buy?

Novavax Inc. [NASDAQ: NVAX] It fell -2.03$ during the normal trading session on Tuesday and reached a high of $18.82, while it closed the day at $16.92. The company reported on November 18, 2022 that the Novavax Nuvaxovid COVID-19 vaccine received expanded authorization as a booster in adults in Canada.

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Novavax, Inc. (Nasdaq: NVAX), a biotechnology company dedicated to the development and commercialization of next-generation vaccines for serious infectious diseases, today announced that Health Canada has approved Nuvaxovid™ (COVID-19 Vaccine (Recombinant Protein, Adjuvant) Extended authorization has been granted. ) (NVX-CoV2373) for active immunization to prevent coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) in adults 18 years of age and older in a household as a booster.

“Canadians can now access our protein-based Novavaxovid COVID-19 vaccine as an adult booster,” said Stanley C. Erck, President and CEO of Novavax. “With the winter months approaching, it is important to have vaccination options to help protect against COVID-19.”

Novavax Inc. The stock has also lost -27.13% of its value in last 7 days. However, NVAX stock has declined by -54.36% in 3 months of the year. Meanwhile in the last six months, it has lost -67.08% and year-to-date it has lost -88.17%.

The market cap for NVAX stock reached $1.40 billion with 78.27 million shares outstanding and 78.14 million shares in the current float. Compared to the average trading volume of 4.80M shares, NVAX reached a trading volume of 6392525 in the most recent trading day, which is why market watchdogs consider the stock overactive.

Here’s what the leading stock market gurus have to say about Novavax Inc. [NVAX],

Based on careful and fact-backed analyzes by Wall Street experts, the current consensus on a target price for NVAX shares is $78.17 per share. Target prices and analysis on the performance of stocks are usually carefully studied by market experts, and the current Wall Street consensus on NVAX stock is a recommendation at 2.60. This rating represents a strong buy recommendation on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 indicates hold and 2 indicates buy.

JP Morgan has an outlook for Novavax Inc shares on September 22, 2022 keeping its view on the stock as Underweight in line with its previous recommendation. While these analysts kept the previous recommendation, BofA Securities raised their target price to Underperform. The new note on price target was issued on May 20, 2022, which represents the official price target for Novavax Inc stock. Earlier, there was another drop in target price from $315 to $265, while B. Riley Securities maintained a Buy rating on NVAX stock.

Novavax Inc. The Average True Range (ATR) for NVAX is set at 2.20, The price to sales ratio for NVAX stock over the trailing 12-month period is 0.76.

NVAX Stock Trading Performance Rating

Novavax Inc. [NVAX] It fell into the red zone at the end of last week, fell into a negative trend and fell -27.13. With this latest performance, shares of NVAX fell -18.69% over the past four-week period, as well as -67.08% over the past 6 months — not to mention a -91.20% decline over the past year of trading.

Overbought and oversold stocks can be easily detected with the Relative Strength Index (RSI), where an RSI result of over 70 will result in overbought, and any rate below 30 will indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NVAX stock for the past two-week period is set at 37.06, with the RSI for the past one trading hit 32.01, and the three-week RSI for Novavax Inc. is set at 38.87. [NVAX], The current moving average of this stock for last 50 days of trading is 21.26, while it was recorded at 19.56 for last one week and 48.62 for last 200 days.

Novavax Inc. [NVAX]: An Insightful Look at the Fundamentals

The operating margin for any stock indicates how profitable an investment will be, and Novavax Inc. [NVAX] The shares currently has an Operating Margin of -147.13 and Gross Margin of +98.90. Novavax Inc. The net margin of -152.12 is currently recorded.

The Return on Equity for this stock decreased to -1,265.72 while the Return on Assets stood at -83.85.

Novavax Inc. Equally intriguing is its liquidity data, with a quick ratio of 1.00 and a current ratio set at 1.10.

Earnings Per Share (EPS) Analysis for Novavax Inc. [NVAX] stores

The company’s progress can be viewed through the prism of EPS growth rates, while Wall Street analysts are focusing on predicting 5-year EPS growth rates for NVAX. When it comes to quoted price, analysts are expecting Novavax Inc. The 5 year EPS growth rate for .

Novavax Inc. [NVAX]: Insider Ownership Position

Institutional investors currently hold approximately $610 million, or 46.90%, of NVAX stock in hand. The top three institutional holders of NVAX stock are: Vanguard Group Inc. with ownership of 7,495,924, which accounts for approximately 1.973% of the company’s market cap and approximately 0.30% of total institutional ownership; BlackRock Inc. holds 4,326,416 shares of the stock with an approximate value of $73.2 million in NVAX stock shares; and STATE STREET CORP, with $61.85 million in NVAX stock currently owning approximately 23.208% of the company’s market capitalization.

Novavax Inc. Shares positions held by institutional investors increased at the end of November and at the time of the November reporting period, where 116 institutional holders increased their positions in Novavax Inc. [NASDAQ:NVAX] By approximately 6,878,444 shares. Additionally, 163 investors reduced positions by approximately 4,740,397 shares, while 72 investors maintained positions by 24,446,686 shares. As per the latest SEC report filing, the mentioned changes put the institutional holdings at 36,065,527 shares. There were 28 new institutional investments in NVAX stock for a total of 1,240,033 shares, while 98 institutional investors sold 2,215,335 shares during the same period.

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