Let’s Jump into the Vaxart, Inc. (NASDAQ:VXRT) Stock Forecast

In the last trading session, 8,988,647 Vaxart, Inc.(NASDAQ:VXRT) shares changed hands as the company’s beta touched 0.48. With the company’s per share price at $6.33 changed hands at $0.62 or 0.11% during last session, the market valuation stood at $692.94 Million. VXRT’s last price was a discount, traded about -176.3% off its 52-week high of $17.49. The share price had its 52-week low at $0.33, which suggests the last value was 94.79% up since then. When we look at Vaxart, Inc.’s average trading volume, we note the 10-day average is 6.96 Million shares, with the 3-month average coming to 10.4 Million.

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Analysts gave the Vaxart, Inc. (VXRT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2. If we narrow down to specifics, the data shows that none out of 3 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, none recommended VXRT as a Hold, 3 felt it is a Buy and none rated the stock as Underweight. Vaxart, Inc.’s EPS for the current quarter is expected to be -$0.08.

Instantly VXRT was in green as seen at the end of in last trading. With action 10.86%, the performance over the past five days has been red. The jump to weekly highs of $6.99- on Monday, Dec 28 added 9.44% to the stock’s daily price. The company’s shares are showing year-to-date upside of 0.11%, with the 5-day performance at -0.07% in the red. However, in the 30-day time frame, Vaxart, Inc. (NASDAQ:VXRT) is -0.19% down. Looking at the short shares, we see there were 28Million shares sold at short interest cover period of 2.69 days.

The consensus price target for the stock as assigned by Wall Street analysts is $17.67, meaning bulls need an upside of 179.15% from its current market value. According to analyst projections, VXRT’s forecast low is $16 with $20 as the target high. To hit the forecast high, the stock’s price needs a +215.96% upsurge from its current level, while the stock would need to tank 152.76% for it to hit the projected low.

Vaxart, Inc. (VXRT) estimates and forecasts

Data shows that the Vaxart, Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value dive -1.71% over the past 6 months. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Vaxart, Inc. will rise +38.5%, while the growth in revenue is estimated to hit -250% for the next quarter. Year-over-year growth is forecast to reach -34% down from the last financial year.

Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of $2.9 Million. 1 analysts are of the opinion that Vaxart, Inc.’s revenue for the quarter ending March 01, 2021 will be $800Million. The company’s revenue for the corresponding quarters a year ago was $3.92 Million and $2.8 Million respectively. According to analysts, the company will likely register a drop in its current quarter sales, forecast at -25.9%. The estimates for the next quarter sales put growth at -71.4%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 32%. The 2021 estimates are for Vaxart, Inc. earnings to increase by 70.2%, but the outlook for the next 5-year period is at 0% per year.

Vaxart, Inc. (NASDAQ:VXRT)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.65% of Vaxart, Inc. shares while 38.21% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 38.46%. There are 165 institutions holding the Vaxart, Inc. stock share, with RA Capital Management, L.P. the top institutional holder. As of Sep 29, 2020, the company held 9.88% of the shares, roughly 10.81 Million VXRT shares worth $71.89 Million.

Vanguard Group, Inc. (The) holds the second largest percentage of outstanding shares, with 4.56% or 5Million shares worth $33.22 Million as of Sep 29, 2020.

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Among Mutual Funds, the top two as of Sep 29, 2020 were Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. With 2919200 shares estimated at $19.41 Million under it, the former controlled 2.67% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 1.31% of the shares, roughly 1.43 Million shares worth around $9.52 Million.

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