Vaxart (OTCMKTS:VXRT – Get Free Report) was upgraded by stock analysts at Zacks Research to a “hold” rating in a report released on Thursday,Zacks.com reports.
Vaxart Trading Down 0.2%
OTCMKTS:VXRT traded down $0.00 during mid-day trading on Thursday, hitting $0.55. The stock had a trading volume of 331,273 shares, compared to its average volume of 314,656. The company has a 50 day simple moving average of $0.61 and a 200-day simple moving average of $0.62. The stock has a market capitalization of $132.59 million, a price-to-earnings ratio of 3.64 and a beta of 1.09. Vaxart has a 52 week low of $0.30 and a 52 week high of $0.84.
Vaxart (OTCMKTS:VXRT – Get Free Report) last posted its earnings results on Thursday, May 7th. The biotechnology company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The firm had revenue of $39.23 million during the quarter, compared to analysts’ expectations of $50.50 million. Vaxart had a net margin of 14.51% and a return on equity of 61.43%. As a group, equities research analysts anticipate that Vaxart will post -0.68 earnings per share for the current year.
Institutional Investors Weigh In On Vaxart
About Vaxart
Vaxart, Inc is a clinical-stage biotechnology company pioneering the development of oral recombinant vaccines administered in tablet form. Leveraging a proprietary, room-temperature-stable platform, the company aims to simplify vaccine delivery while eliciting both systemic and mucosal immune responses. Its technology is based on the replication-defective adenovirus vector system, which encodes target antigens designed to protect against a range of infectious diseases without the need for injections or cold-chain logistics.
The company’s pipeline includes multiple vaccine candidates in various stages of development.
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