Down 50%, Is Novavax Stock a Great Buy Now?

Over the past year, Novavax (NASDAQ: NVAX) stock has swung between extremely overvalued and extremely undervalued, with a share price ranging from a low of $40.50 to a high of $331.68. It's currently down more than 50% from those all-time highs, which it reached in February.

Investors were thrilled that the company had developed a solid coronavirus vaccine candidate, but were then shocked by its logistical problems. Is now the time to buy the dip?

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Source Fool.com