Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Moderna in a research report on Friday, November 8th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Moderna has a consensus rating of “Hold” and a consensus target price of $84.00. Moderna’s MRNA short percent of float has risen 3.25% since its last report. The company recently reported that it has 34.38 million shares sold short, which is 11.75% of all regular shares that are available for trading. Based on its trading volume, it would take traders 7.68 days to cover their short positions on average.

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The biotech giant, which has been at the forefront of mRNA technology, continues to capture attention amid its fluctuating stock prices and strategic maneuvers in the pharmaceutical arena. It has been around four years since COVID crashed the stock market, albeit temporarily. The pandemic sent the healthcare industry into a panic, with vaccines from Moderna and Pfizer providing relief and stability to global economies. But odds are that in five years, COVID vaccine revenue will be minimal at best for Moderna. Before the COVID-19 pandemic, most investors likely hadn’t heard of Moderna (MRNA 7.48%). At the end of 2019, it was a relatively small biotech company with only collaboration and grant revenue and no commercially available products.

Finally, Plato Investment Management Ltd increased its holdings in shares of Moderna by 230.4% during the second quarter. Plato Investment Management Ltd now owns 413 shares of the company’s stock valued at $49,000 after acquiring an additional 288 shares in the last quarter. Hedge funds and other institutional investors own 75.33% of the company’s stock. As you can see from the chart above the percentage of shares that are sold short for Moderna has grown since its last report.

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Further down the road are therapeutics for cancer and other diseases that could be additional catalysts for growth. Last month, the company revised coronavirus vaccine revenue downward due to lower sales. 11 best forex trading books you must read And in its update this week, the biotech made significant changes to its strategy. Moderna plans to cut annual research and development (R&D) spending by more than $1 billion starting in 2027 and discontinue five programs — and it forecast that it would break even in 2028 instead of 2026. Moderna has received approval from Canada’s health regulator for its respiratory syncytial virus vaccine in adults 60 years of age and older, the vaccine maker said on Friday.

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This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted. Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall.

Here are some of the major companies whose stocks moved on the week’s news. Last week, some large European and U.S. vaccine maker stocks fell in reaction to Robert F. Kennedy Jr.’s nomination to lead the Department of Health and Human Services. Select to analyze similar companies using key performance metrics; select up to bond prices rates and yields 2020 4 stocks. Did you know that increasing short interest can actually be bullish for a stock?

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The company just released its latest results and revenue totaled $6.8 billion for 2023, coming mainly from its COVID vaccine. That’s down sharply from the $19.3 billion in sales Moderna recorded in 2022. Finally, Moderna has the financial strength to see itself through this strategy to become a multiproduct and profitable company.

1. What is important for the future of the business, and for current and potential investors, is the pipeline of future products.
2. For investors who make Moderna a reasonably sized part of a diversified portfolio, I think the stock is a buy today.
3. It has the funds necessary to reach its break-even goal without having to raise additional equity, a major plus.
4. After submitting your request, you will receive an activation email to the requested email address.
5. Moderna’s recent announcement of revised financial forecasts, including a two-year delay in reaching profitability and significant R&D cuts, further rattled investors who are now wondering whether they will ever see their investments grow.
6. MRNA reported third-quarter revenue of $1.83 billion, beating the consensus of $1.25 billion.

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