Vaxart Inc (NASDAQ:VXRT) shares, rose in value, with the stock price up by 1.75% to the previous day’s close as strong demand from buyers drove the stock to $0.87.
Actively observing the price movement in the last trading, the stock closed the session at $0.85, falling within a range of $0.8302 and $0.879. The value of beta (5-year monthly) was 0.651. Referring to stock’s 52-week performance, its high was $1.54, and the low was $0.52. On the whole, VXRT has fluctuated by 31.51% over the past month.
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With the market capitalization of Vaxart Inc currently standing at about $197.17 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-31.
Wall Street analysts also predicted that the company’s y-o-y revenues would reach 630k.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that VXRT’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of VXRT currently trading nearly 15.62% and 22.53% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.31, while the 7-day volatility ratio is showing 8.60% which for the 30-day chart, stands at 11.52%. Furthermore, Vaxart Inc (VXRT)’s beta value is 0.64, and its average true range (ATR) is 0.08.
A comparison of Vaxart Inc (VXRT) with its peers suggests the former has fared considerably weaker in the market. VXRT showed an intraday change of 1.75% in last session, and over the past year, it grew by 7.69%%.
Data on historical trading for Vaxart Inc (NASDAQ:VXRT) indicates that the trading volumes over the past 10 days have averaged 3.97 and over the past 3 months, they’ve averaged 4.51 million. According to company’s latest data on outstanding shares, there are 227.44 million shares outstanding.
Nearly 0.87% of Vaxart Inc’s shares belong to company insiders and institutional investors own 17.82% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13.52 million shares as on 2024-08-15, resulting in a short ratio of 7.89. According to the data, the short interest in Vaxart Inc (VXRT) stood at 600.00 of shares outstanding as of 2024-08-15; the number of short shares registered in 2024-07-15 reached 12.38 million. The stock has risen by 51.34% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VXRT stock heading into the next quarter.
