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Analyzing Vaxart Inc (VXRT) After Recent Trading Activity

Vaxart Inc’s filing revealed that its Director Watson W. Mark acquired Company’s shares for reported $13578.0 on Jun 18 ’24. In the deal valued at $0.68 per share,20,000 shares were bought. As a result of this transaction, Watson W. Mark now holds 78,125 shares worth roughly $68750.0.

Oppenheimer initiated its Vaxart Inc [VXRT] rating to an Outperform in a research note published on August 15, 2024; the price target was $4. Cantor Fitzgerald began covering VXRT with “an Overweight” recommendation on November 02, 2021. B. Riley Securities revised its rating on June 29, 2021. It rated VXRT as “a Neutral” which previously was an “a Buy”.

Price Performance Review of VXRT

On Tuesday, Vaxart Inc [NASDAQ:VXRT] saw its stock fall -6.80% to $0.88. Over the last five days, the stock has gained 27.49%. Vaxart Inc shares have risen nearly 32.37% since the year began. Nevertheless, the stocks have risen 52.84% over the past one year. While a 52-week high of $1.54 was reached on 01/07/25, a 52-week low of $0.52 was recorded on 01/02/25. SMA at 50 days reached $0.6682, while 200 days put it at $0.7768.

Levels Of Support And Resistance For VXRT Stock

The 24-hour chart illustrates a support level at 0.8099, which if violated will result in even more drops to 0.7435. On the upside, there is a resistance level at 0.9614. A further resistance level may holdings at 1.0465. The Relative Strength Index (RSI) on the 14-day chart is 66.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1972, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.27%. Stochastics %K at 86.79% indicates the stock is a selling.

How much short interest is there in Vaxart Inc?

A steep rise in short interest was recorded in Vaxart Inc stocks on 2024-10-31, dropping by -0.8 million shares to a total of 11.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 12.07 million shares. There was a decline of -7.08%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on June 24, 2021 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $13 price target.

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