Investing in Vaxart Inc. (VXRT): What You Must Know

CHWY Stock
CHWY Stock

Vaxart Inc.’s filing revealed that its Interim CFO Ahmad Fuad acquired Company’s shares for reported $16100.0 on Jun 22. In the deal valued at $3.22 per share,5,000 shares were bought. As a result of this transaction, Ahmad Fuad now holds 5,000 shares worth roughly $ 7350.0.

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Then, Yedid Robert A. sold 1,500 shares, generating $9,015 in total proceeds. Upon selling the shares at $6.01, the Director now owns 0 shares.

Before that, Echerd Margaret sold 3,602 shares. Vaxart Inc. shares valued at $28,816 were divested by the SVP, Principal Accntng Officer at a price of $8.00 per share. As a result of the transaction, Echerd Margaret now holds 0 shares, worth roughly $0.0.

PT values the company’s stock at a premium of 87.75 to its Friday closing price. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in early November with a ‘”an Overweight”‘ rating. B. Riley Securities also remained covering VXRT and has decreased its forecast on June 29, 2021 with a “Neutral” recommendation from previously “Buy” rating. Jefferies started covering the stock on June 24, 2021. It rated VXRT as “a Buy”.

Price Performance Review of VXRT

On Friday, Vaxart Inc. [NASDAQ:VXRT] saw its stock fall -0.68% to $1.47. On the same session, the stock had its day’s lowest price of $1.41, but rose to a high of $1.52. Over the last five days, the stock has lost -15.03%. Vaxart Inc. shares have fallen nearly -76.56% since the year began. Nevertheless, the stocks have fallen -78.66% over the past one year. While a 52-week high of $8.13 was reached on 01/05/22, a 52-week low of $1.48 was recorded on 11/04/22. SMA at 50 days reached $2.1834, while 200 days put it at $3.6668. A total of 3.49 million shares were traded, compared to the trading of 3.54 million shares in the previous session.

Levels Of Support And Resistance For VXRT Stock

The 24-hour chart illustrates a support level at 1.4133, which if violated will result in even more drops to 1.3567. On the upside, there is a resistance level at 1.5233. A further resistance level may holdings at 1.5767. The Relative Strength Index (RSI) on the 14-day chart is 29.73, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1312, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.21%. Stochastics %K at 11.11% indicates the stock is a buying.

How much short interest is there in Vaxart Inc.?

A steep rise in short interest was recorded in Vaxart Inc. stocks on Jul 14, 2022, dropping by -1.1 million shares to a total of 22.13 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 23.23 million shares. There was a decline of -4.97%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 19.67% of the overall stock float, the days-to-cover ratio (short ratio) fell to 8.18.

Vaxart Inc. [VXRT] – Who Are The Largest Shareholders?

In filings from SSgA Funds Management, Inc., it is revealed that the company now owns 12,671,950 shares, or roughly 10.02% of the outstanding VXRT shares. In other words, the investor’s shares have fallen by -1,189,024 from its previous 13-F filing of 13860974.0. Additionally, BlackRock Fund Advisors increased 4.87% of its stake after which the total value it holdings stand at $17,596,938, while The Vanguard Group, Inc. added 11.51% of its stake to hold $14.04 million in the firm. Over the last quarter, Geode Capital Management LLC sold -8,219 shares of Vaxart Inc., while Northern Trust Investments, Inc. sold -34,468 shares. At present, Morgan Stanley & Co. LLC is holding 1,128,330 shares valued at $2.46 million. D. E. Shaw & Co. LP owned 1,040,386 shares of the company at the time of its most recent 13F filing, worth $2.27 million.

According to FactSet, Vaxart Inc.’s share price will average $7.75 in the next year, based on opinions of analysts polled by the firm. This is up nearly 406.76 percent from its previous closing price of $1.48. Analysts expect Vaxart Inc. stock to reach the higher price of $10.00, while the lowest price estimate is $6.00. However, 4 analysts have rated VXRT stock as an Overweight in their predictions for 2022. The most recent change occurred on June 11, 2021 when Piper Sandler began covering the stock and recommended ‘”an Overweight”‘ rating along with a $18 price target.


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