Recent notable negative changes in fundamentals have impacted Dynavax Technologies Corp (NASDAQ: DVAX): significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.
Dynavax Technologies Corp (NASDAQ: DVAX) suffers from meaningful negative changes in investment behavior: its shorter term price trend turned down.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be below the cost of capital, DVAX is expected to be a modest Value Eraser.
Dynavax Technologies has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Dynavax Technologies has a very low Appreciation Score of 14 but a good Power Rating of 80, leading to the Low Neutral Value Trend Rating.
Recent Price Action
Dynavax Technologies Corp (NASDAQ: DVAX) stock closed at $13.93 on 1/12/24 after a slight gain of 0.3%. This advance was accompanied by normal trading volume. The stock has declined -7.0% during the last week but has been exceptionally strong relative to the market over the last nine months.
Be the first to comment