Digging Up the Facts on Novavax, Inc. (NVAX)

Novavax, Inc. (NVAX) is an interesting player in the Healthcare space, with a focus on Biotechnology. The stock has been active on the tape, currently trading at $1.73, down from yesterday’s close by -3.35%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Novavax, Inc. (NVAX) currently trades with a market capitalization of $671.98 Million. That value represents a market adjusting for revenues that have been growing by 69.95 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$161.46 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of -$0.13 on a per share basis this quarter. Perhaps, that suggests something about why 0.88% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, Novavax, Inc. recorded a 52-week high of $2.75. It is now trading 1.02% off that level. The stock is trading $1.87 its 50-day moving average by 0.14%. The stock carved out a 52-week low down at $0.90.

In recent action, Novavax, Inc. (NVAX) has made a move of +0.58% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 15.08, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 14.11% with $372.78 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of NVAX.

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