Is Novavax Stock a Buy Now?
Biotech company (NASDAQ: NVAX) went from being relatively unknown just four years ago to becoming one of the U.S. COVID-19 vaccine market leaders. The company has faced many trials and tribulations in this period, however. And in the past three years, the stock is down by a whopping 94%.
If Novavax can mount a comeback, now may be as good a time as any to press the buy button while its shares are changing hands for just about $5.46 apiece.
Or perhaps Novavax hasn't hit rock bottom yet and will continue to see its share price plunge. Which scenario is more likely? Let's dig in and find out.
Source Fool.com
Novavax Inc. Stock
€12.08
1.090%
Currently there is a rather positive sentiment for Novavax Inc. with 5 Buy predictions and 3 Sell predictions.
However, we have a potential of -25.51% for Novavax Inc. as the target price of 9 € is below the current price of 12.08 €.
