Vaxcyte Inc (NASDAQ:PCVX) price on Friday, November 15, fall -6.31% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $86.83.
A look at the stock’s price movement, the close in the last trading session was $92.68, moving within a range at $85.1 and $92.0. The beta value (5-Year monthly) was 1.009. Turning to its 52-week performance, $121.06 and $48.24 were the 52-week high and 52-week low respectively. Overall, PCVX moved -24.89% over the past month.
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Vaxcyte Inc’s market cap currently stands at around $10.82 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-25.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PCVX is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 6 recommend PCVX as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
PCVX’s current price about -17.71% and -21.54% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 22.55, while 7-day volatility ratio is 6.17% and 4.71% in the 30-day chart. Further, Vaxcyte Inc (PCVX) has a beta value of 0.96, and an average true range (ATR) of 5.04. Analysts have given the company’s stock an average 52-week price target of $140, forecast between a low of $58 and high of $163. Looking at the price targets, the low is 33.2% off current price level while to achieve the yearly target high, price needs to move -87.72%. Nonetheless, investors will most likely welcome a -61.23% jump to $140 which is the analysts’ median price.
If we refocus on Vaxcyte Inc (NASDAQ:PCVX), historical trading data shows that trading volumes averaged 1.64 over the past 10 days and 1.08 million over the past 3 months. The company’s latest data on shares outstanding shows there are 124.64 million shares.
The 3.72% of Vaxcyte Inc’s shares are in the hands of company insiders while institutional holders own 107.22% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 8.93 million on 2024-10-31, giving us a short ratio of 12.89. The data shows that as of 2024-10-31 short interest in Vaxcyte Inc (PCVX) stood at 814.0001 of shares outstanding, with shares short falling to 9.65 million registered in 2024-09-30. Current price change has pushed the stock 38.26% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PCVX stock continues to rise going into the next quarter.
