Analysts Upgrade/Downgrade Activity of Novavax, Inc. (NVAX)

Novavax (NASDAQ NVAX) opened at 0.9896 on Monday. Analysts believe that we could see stock price minimum in the $3 range (lowest target price), allowing for another 669.23% jump from its current position. It has ranged in price between $0.97-$1.03 after having started the session at $1 as compared to the previous trading day's close of $1.01. Previously Novavax Inc (NASDAQ:NVAX) reported $-0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $-0.16 by $0 with surprise factor of 0%. ValuEngine downgraded Novavax from a sell rating to a strong sell rating in a research report on Friday, June 2nd. Cantor Fitzgerald reissued a "hold" rating and set a $2.00 price target on shares of Novavax in a research report on Friday, July 21st. Novavax Inc (NASDAQ:NVAX)'s price sits -10.1% off from its 50-day moving average of $1.14 and -16.47% away from the stock's 200-day moving average which is $1.14. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. The company rocked its 52-Week High of $8.49 and touched its 52-Week Low of $0.73.

Taking a glance at where the stock might be directed in the future, on a consensus basis, the sell-side has a 52 week price target of $1.78 on the stock, this valuation is based on 6 number of opinions. The firm's market capitalization is $292.80 million.

Novavax (NASDAQ:NVAX) last issued its quarterly earnings results on Tuesday, August 8th. Note, this compares with a consensus analyst forecast of -0.16 in earnings per share for its next fiscal quarterly report. Novavax had a negative return on equity of 787.38% and a negative net margin of 1,006.00%. Earnings, with 6 analysts believing the company would generate an Average Estimate of $-0.16. During the same period a year ago, the company posted ($0.29) EPS. The firm's revenue was up 168.0% compared to the same quarter a year ago. On average, analysts anticipate that Novavax will post ($0.61) EPS for the current year.

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BidaskClub cut shares of Novavax, Inc. Raymond James Financial Services Advisors Inc. now owns 89,697 shares of the biopharmaceutical company's stock worth $103,000 after buying an additional 29,800 shares in the last quarter. Lastly, Teachers Advisors boosted its stake in stocks of Novavax by 4.2% in the Q4. Vanguard Group Inc. now owns 21,681,318 shares of the biopharmaceutical company's stock worth $27,752,000 after buying an additional 938,581 shares during the period. American International Group Inc. boosted its stake in Novavax by 7.1% in the first quarter. JPMorgan Chase boosted its stake in stocks of Novavax by 41.9% in the Q1. Wells Fargo & Company MN now owns 343,714 shares of the biopharmaceutical company's stock valued at $440,000 after buying an additional 8,966 shares during the period. The stock closing price is now trading downward to its 50 day moving average with change of -10.16%, tumbled to its 20 day moving average with figure of -10.15% and behind its 200 day moving average with value -16.64%. The corporation, through its recombinant nanoparticle vaccine technology, produces vaccine candidates to respond to both known and newly emerging diseases.

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