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Novavax Stock Went Down By Over 29% In The Last 21 Sessions

(VIANEWS) – Shares of Novavax (NASDAQ: NVAX) fell by a staggering 29.48% in 21 sessions from $9.26 at 2023-02-28, to $6.53 at 14:43 EST on Wednesday, after three successive sessions in a row of gains. NASDAQ is rising 1.36% to $11,875.99, after two sequential sessions in a row of losses.

Novavax’s last close was $6.16, 92.52% under its 52-week high of $82.30.

About Novavax

Novavax, Inc., a biotechnology company, focuses on the discovery, development, and commercialization of vaccines to prevent serious infectious diseases and address health needs. The company's vaccine candidates include NVX-CoV2373, a coronavirus vaccine candidate that is in two Phase III trials, one Phase IIb trial, and one Phase I/II trial; NanoFlu, a nanoparticle seasonal quadrivalent influenza vaccine candidate that is in Phase 3 clinical trial; and ResVax, a respiratory syncytial virus (RSV) fusion (F) protein nanoparticle vaccine candidate. It is also developing RSV F vaccine that is in Phase II clinical trial for older adults (60 years and older), as well as that is in Phase I clinical trial for pediatrics. It has a collaboration agreement with Takeda Pharmaceutical Company Limited for the development, manufacturing, and commercialization of NVX-CoV2373, a COVID-19 vaccine candidate. Novavax, Inc. was incorporated in 1987 and is headquartered in Gaithersburg, Maryland.

Earnings Per Share

As for profitability, Novavax has a trailing twelve months EPS of $-7.27.

Stock Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Novavax’s stock is considered to be oversold (<=20).

Revenue Growth

Year-on-year quarterly revenue growth grew by 310.7%, now sitting on 1.85B for the twelve trailing months.

Sales Growth

Novavax’s sales growth is 72.4% for the present quarter and negative 47.7% for the next.

Volume

Today’s last reported volume for Novavax is 2269784 which is 66.56% below its average volume of 6623850.

More news about Novavax (NVAX).

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