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Novavax Stock Bearish Momentum With A 15% Fall In The Last 5 Sessions

ViaNews Editorial Team

February 9, 2023

Novavax Stock Bearish Momentum With A 15% Fall In The Last 5 Sessions

(VIANEWS) - Shares of Novavax (NASDAQ: NVAX) slid by a staggering 15.9% in 5 sessions from $12.02 at -15.9, to $10.11 at 12:02 EST on Thursday, after four successive sessions in a row of losses. NASDAQ is rising 0.46% to $11,965.50, following the last session's downward trend.

Novavax's last close was $10.44, 89.7% under its 52-week high of $101.39.

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.

The company's return on equity, which measures the profitability of a business relative to shareholder's equity, for the twelve trailing months is negative -898.2%.

More news about Novavax (NVAX).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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