GAITHERSBURG, Md., Aug. 1, 2024 /PRNewswire/ -- Novavax, Inc. (Nasdaq: NVAX), a global company advancing protein-based vaccines with its Matrix-M™ adjuvant, today announced it will report its second quarter 2024 financial results and operational highlights at 8:30 a.m. Eastern Time (ET) on Thursday, August 8, 2024. Details of the event and replay are as follows: Conference call details: Date: August 8, 2024 Time: 8:30 a.m. U.S. ET URL to register phone: https://emportal.ink/3XTduSS Dial-in number: (800) 836 ...

Earlier, Novavax received a substantial financial boost due to its strategic partnership with French pharmaceutical and healthcare firm Sanofi (NASDAQ:SNY). The partnership – inked on May 10 – centers on a Covid vaccine program called Nuvaxovid and involved a $500 million upfront milestone payment, alleviating "concerns about the company's financial stability." However, the belief among JPMorgan analysts now is that, prior to today's implosion, NVAX stock prices "substantially overvalue" the sales that Nuva ...

Investment Overview Novavax Seals Sensational Sanofi Deal In Q1 2024 Prior to Q1 earnings Novavax had warned investors that "conditions or events existed that raised substantial doubt about our ability to continue as a going concern" - the reasons for this can be traced to its failure to establish its COVID vaccine, Nuvaxovid, alongside Moderna's (MRNA) Spikevax and Pfizer's (PFE) Comirnaty as a preferred vaccine option for major governments' - here is what I wrote in May: Novavax is arguably best known for ...

Zacks Investment Research Image Source: This surge in share price can be attributed to Novavax's recently signed multi-billion dollar deal with pharma giant Sanofi (SNY) to market its protein-based COVID-19 vaccine and also use it to develop novel COVID-19- influenza combination vaccines. The positive cashflows generated from this deal were a major reason that the company removed its 'going concern' warning. Solid Partner in Sanofi The collaboration deal with Sanofi likely breathes new life for Novavax, whi ...

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. Novavax (NVAX) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Earnings Estimate Revisions Our analysis is ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firm ...

The Medical - Biomedical and Genetics industry is part of the Medical sector. Currently, this industry holds a Zacks Industry Rank of 84, positioning it in the top 34% of all 250+ industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply Zacks.com to follow these and more stock-moving metr ...

Nvidia (NASDAQ:NVDA) has become the face of artificial intelligence and its stock has responded in kind. Shares are up 200% over the past year and over 800% since the release of ChatGPT, which sparked an AI tsunami. Yet there is a world of stocks that are outperforming Nvidia. While the technology sector provides opportunity with companies like Super Micro Computer (NASDAQ:SMCI) far outstripping the chipmaker's gains, investors should widen their lens even further. Vital Farms (VITL) Source: Poravute Siriph ...

What a difference a few months make. Vaccine specialist Novavax (NVAX -1.32%) started the year poorly, continuing with the issues it has encountered since mid-2021. However, several developments have jolted Novavax's stock since January. The company's shares are up by just under 200% this year. Can it keep up that momentum through the next 12 months? Let's find out. Novavax faced significant uncertainty entering the year, but a recent partnership with Sanofi (SNY 0.92%), a much larger biotech, helped dispel ...

The the stock of vaccine maker has fallen by 15.87% in the past month, lagging the Medical sector's gain of 1.74% and the S&P 500's gain of 3.53%. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-a ...