Moderna Inc (MRNA) Holding Strong: What’s pushing it?

The price of Moderna Inc (NASDAQ:MRNA) shares last traded on Wall Street rose 0.85% to $134.40.

MRNA stock price is now 4.23% away from the 50-day moving average and 30.34% away from the 200-day moving average. The market capitalization of the company currently stands at $51.51B.

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With the price target enhanced from $75 to $86, HSBC Securities Downgraded its rating from Hold to Reduce for Moderna Inc (NASDAQ: MRNA). On January 02, 2024, Oppenheimer Upgraded its previous ‘Perform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $142, while ‘Canaccord Genuity’ rates the stock as ‘Hold’

In other news, Hoge Stephen, President sold 15,000 shares of the company’s stock on Jun 17 ’24. The stock was sold for $2,072,400 at an average price of $138.16. Upon completion of the transaction, the President now directly owns 1,457,089 shares in the company, valued at $195.83 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 12 ’24, Director AFEYAN NOUBAR sold 15,000 shares of the business’s stock. A total of $2,208,071 was realized by selling the stock at an average price of $147.20. This leaves the insider owning 2,314,015 shares of the company worth $311.0 million. A total of 12.05% of the company’s stock is owned by insiders.

During the past 12 months, Moderna Inc has had a low of $62.55 and a high of $170.47. As of last week, the company has a debt-to-equity ratio of 0.10, a current ratio of 4.03, and a quick ratio of 3.91. The fifty day moving average price for MRNA is $129.3976 and a two-hundred day moving average price translates $103.220924 for the stock.

The latest earnings results from Moderna Inc (NASDAQ: MRNA) was released for 2024-03-31. The net profit margin was -116.00% and return on equity was -37.68% for MRNA. The company reported revenue of $167.0 million for the quarter, compared to $1.86 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -91.03 percent.

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