If You'd Invested $10,000 in Novavax a Year Ago, This Is How Much You'd Have Now
If you'd invested $10,000 in (NASDAQ: NVAX) a year ago, you would have made a risky bet. That's because the biotech company had issued a going concern earlier this year. This warning meant that, if uncertainty persisted, the company might have had to shut down.
Prior to that, Novavax, a star earlier in the pandemic, saw its shares drop more than 90% from their peak. The company's coronavirus vaccine reached the market late and missed out on the biggest revenue opportunities, disappointing investors.
Along with the going concern, Novavax launched a major cost-cutting plan. Considering all of this, how did your $10,000 investment turn out?
Source Fool.com
Novavax Inc. Stock
€10.31
-3.750%
Currently there is a rather positive sentiment for Novavax Inc. with 5 Buy predictions and 2 Sell predictions.
Based on the current price of 10.31 € the target price of 21 € shows a potential of 103.73% for Novavax Inc. which would more than double the current price.
