Vaxart (NASDAQ:VXRT) Announces Earnings Results

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Vaxart (NASDAQ:VXRT) released its quarterly earnings results on Tuesday. The biotechnology company reported ($0.32) EPS for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.04, Zacks reports. The business had revenue of $0.45 million during the quarter, compared to analyst estimates of $0.44 million. Vaxart had a negative return on equity of 131.05% and a negative net margin of 244.38%.

NASDAQ VXRT traded down $0.01 on Wednesday, reaching $0.32. 2,458 shares of the company’s stock traded hands, compared to its average volume of 550,066. The firm has a market cap of $5.45 million, a price-to-earnings ratio of -0.12 and a beta of 0.55. The stock has a 50 day moving average price of $0.35 and a 200-day moving average price of $0.60. Vaxart has a fifty-two week low of $0.25 and a fifty-two week high of $5.00. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.29 and a current ratio of 2.29.

Several equities analysts recently commented on VXRT shares. HC Wainwright set a $2.00 target price on Vaxart and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Brookline Capital Management began coverage on Vaxart in a research report on Thursday, August 15th. They set a “buy” rating and a $6.00 price objective for the company. ValuEngine lowered Vaxart from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Zacks Investment Research upgraded Vaxart from a “hold” rating to a “buy” rating and set a $0.25 price target for the company in a research report on Sunday, November 3rd.

In other news, major shareholder Armistice Capital Master Fund acquired 564,000 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was acquired at an average price of $0.36 per share, for a total transaction of $203,040.00. Also, insider Wouter Latour acquired 166,667 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was purchased at an average price of $0.30 per share, with a total value of $50,000.10. Insiders have purchased 8,720,000 shares of company stock valued at $2,609,907 over the last 90 days. 7.30% of the stock is currently owned by insiders.

Vaxart Company Profile

Vaxart, Inc, a clinical-stage company, engages in the discovery and development of oral recombinant protein vaccines based on its proprietary oral vaccine platform. The company's product pipeline includes tablet vaccines that are designed to protect against norovirus, seasonal influenza, and respiratory syncytial virus.

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Earnings History for Vaxart (NASDAQ:VXRT)

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