Valneva (NASDAQ:VALN) Sees Strong Trading Volume – What’s Next?

Shares of Valneva SE Sponsored ADR (NASDAQ:VALNGet Free Report) saw strong trading volume on Friday . 2,094,686 shares traded hands during trading, an increase of 3,213% from the previous session’s volume of 63,226 shares.The stock last traded at $7.1310 and had previously closed at $5.65.

Trending Headlines about Valneva

Here are the key news stories impacting Valneva this week:

Analyst Ratings Changes

VALN has been the subject of a number of analyst reports. The Goldman Sachs Group lowered shares of Valneva from a “neutral” rating to a “sell” rating and set a $4.90 price objective for the company. in a research report on Wednesday, April 22nd. Guggenheim set a $11.00 target price on shares of Valneva in a research note on Thursday, April 16th. Weiss Ratings restated a “sell (e+)” rating on shares of Valneva in a research report on Thursday, June 18th. TD Cowen assumed coverage on shares of Valneva in a report on Tuesday. They issued a “buy” rating and a $12.00 price target on the stock. Finally, Wall Street Zen upgraded Valneva from a “strong sell” rating to a “sell” rating in a research report on Monday, June 1st. Four analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $11.98.

Get Our Latest Research Report on VALN

Valneva Stock Up 23.9%

The company has a debt-to-equity ratio of 2.14, a current ratio of 2.14 and a quick ratio of 1.60. The company has a fifty day moving average price of $5.21 and a 200 day moving average price of $6.92. The company has a market cap of $664.23 million, a PE ratio of -3.74 and a beta of 1.77.

Valneva (NASDAQ:VALNGet Free Report) last announced its earnings results on Friday, August 14th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.17). Valneva had a negative net margin of 88.87% and a negative return on equity of 107.63%. The company had revenue of $39.37 million during the quarter, compared to analysts’ expectations of $43.15 million. As a group, analysts anticipate that Valneva SE Sponsored ADR will post -1 EPS for the current year.

Institutional Trading of Valneva

Hedge funds have recently made changes to their positions in the stock. China Universal Asset Management Co. Ltd. purchased a new position in Valneva in the fourth quarter worth $44,000. Marex Group plc bought a new position in Valneva in the second quarter valued at $64,000. XTX Topco Ltd purchased a new stake in Valneva during the fourth quarter valued at about $94,000. Finally, JPMorgan Chase & Co. purchased a new stake in Valneva during the third quarter valued at about $124,000. 11.39% of the stock is owned by institutional investors.

Valneva Company Profile

(Get Free Report)

Valneva SE is a specialty vaccine company focused on the development and commercialization of prophylactic vaccines for infectious diseases. Headquartered in Saint-Herblain, France, the company applies inactivated whole-cell and recombinant technology platforms to address public health needs. Valneva’s research and development efforts span a range of viral and bacterial pathogens, with an emphasis on travel-related and emerging infectious diseases.

Among its marketed products, Valneva offers IXIARO®/JESPECT® for the prevention of Japanese encephalitis and DUKORAL® for the prevention of cholera and diarrhea caused by enterotoxigenic Escherichia coli.

Featured Stories

Receive News & Ratings for Valneva Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valneva and related companies with MarketBeat.com's FREE daily email newsletter.