Vaxxinity Inc. (NASDAQ:VAXX) does about 349.41K shares in volume on a normal day but saw 5742430 shares change hands in Monday trading. The company now has a market cap of 335.05M USD. Its current market price is $3.19, marking an increase of 6.33% compared to the previous close of $3.00. The 52 week high reached by this stock is $8.88 whilst the lowest price level in 52 weeks is $1.24. The script in recent trading has seen the stock touch a high of $4.10 and a low of $3.05.
Vaxxinity Inc. (VAXX) has a 20-day trading average at $1.91 and the current price is -64.08% off the 52-week high compared with 157.26% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.84 and its 200-day simple moving average is $2.45. If we look at the stock’s price movements over the week, volatility stands at 24.30%, which decreases to 14.88% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 85.25 to suggest the stock is overbought.
2 analysts observing the Vaxxinity Inc. (VAXX) stock have set the 12-month price targets for the company’s shares at between $12.00 and $15.00. The consensus objective for the share price is $13.50, suggesting that the stock has a potential upside of 76.37% over the period. The median price target is 76.37% away from the current levels at $13.50.
FactSet Research has provided data showing that 2 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 2 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The current price level is 74.36%, 77.03%, and 29.99% away from its SMA20, SMA50, and SMA200 respectively, with the VAXX price moving below the 50-day SMA on January 23. Vaxxinity Inc. (VAXX) stock is up 57.92% over the week and 115.54% over the past month. Its price is 127.86% year-to-date and -59.82% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2022, with the company’s earnings per share (EPS) of -$0.14 above consensus estimates by $0.21. The company’s next earnings report is expected on 05/08/2023, with forecasts estimating quarterly EPS at -$0.15 and -$0.6 for whole year. VAXX’s earnings per share are forecast to grow by 1.60% this year and -1.70% over next year.
Its 12-month price target is $13.50. To reach the target analysts have set, the stock logically needs to grow 76.37 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $12.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $15.00.
Outstanding shares total 126.04M with insiders holding 55.92% of the shares and institutional holders owning 23.15% of the company’s common stock. Price to book ratio is 4.98.
Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by Vanguard Extended Market Index Fu, which sold off 49318.0 shares to end up with 591,400 shares worth $0.83 million.