Novavax Inc (NASDAQ: NVAX) stock closed at $8.88 on 5/10/24 after a major increase of 98.7%. Moreover, this advance was accompanied by exceptionally high trading volume at 2116% of normal. The stock has been extremely weak relative to the market over the last nine months but has risen 88.5% during the last week.
Current PriceTarget Research Rating
NVAX’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to continue to be a major Value Eraser.
Novavax is currently unrated.
Rating Review
The stock is currently unrated.
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