Moderna Inc (NASDAQ: MRNA): Down -22.34% In 2024, Outlook Remains Negative

The trading price of Moderna Inc (NASDAQ:MRNA) floating higher at last check on Tuesday, August 06, closing at $84.02, 0.32% higher than its previous close.

In examining the 52-week price action we see that the stock hit a 52-week high of $170.47 and a 52-week low of $62.55. Over the past month, the stock has lost -27.85% in value.

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Moderna Inc, whose market valuation is $32.30 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -1.42 per share this quarter, however they have predicted annual earnings per share of -7.96 for current year and -6.14 for next year.

Analysts have forecast the company to bring in revenue of 1.21B for the current quarter, with the likely lows of 909.19M and highs of 1.72B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 3.16B.

On the technical side, indicators suggest MRNA has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Sell.

A quick review shows that MRNA’s price is currently -27.57% off the SMA20 and -35.26% off the SMA50. The RSI metric on the 14-day chart is currently showing 18.63, and weekly volatility stands at 7.65%. When measured over the past 30 days, the indicator reaches 4.83%. Moderna Inc (NASDAQ:MRNA)’s beta value is currently sitting at 1.80, while the Average True Range indicator is currently displaying 6.93.

To see how Moderna Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: MRNA stock’s performance was 0.32% at last check in today’s session, and -22.34% in the past year.

An evaluation of the daily trading volume of Moderna Inc (NASDAQ:MRNA) indicates that the 3-month average is 4.17 million.

Currently, records show that 382.00 million of the company’s shares remain outstanding. The insiders hold 12.12% of outstanding shares, whereas institutions hold 66.48%. However, since the stock’s price has seen -15.52% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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