BioNTech SE (NASDAQ:BNTX) does about 3.20M shares in volume on a normal day but saw 3564528 shares change hands in Tuesday trading. The company now has a market cap of 14.11B USD and an enterprise value of about $15.02B. Its current market price is $57.81, marking a decrease of -5.62% compared to the previous close of $61.25. The 52 week high reached by this stock is $105.00 whilst the lowest price level in 52 weeks is $12.52. The script in recent trading has seen the stock touch a high of $60.53 and a low of $56.66.
BioNTech SE (BNTX) has a 20-day trading average at $69.37 and the current price is -44.94% off the 52-week high compared with 361.56% distance from its 52-week low. The 50-day simple moving average of the closing price is $73.24 and its 200-day simple moving average is $48.50. If we look at the stock’s price movements over the week, volatility stands at 5.08%, which increases to 6.21% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 35.14 to suggest the stock is neutral.
10 analysts observing the BioNTech SE (BNTX) stock have set the 12-month price targets for the company’s shares at between $28.00 and $100.00. The consensus objective for the share price is $76.99, suggesting that the stock has a potential upside of 24.91% over the period. The median price target is 17.57% away from the current levels at $70.13.
FactSet Research has provided data showing that 10 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 4 analysts have rated it as a buy and 6 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 03, 2020 when Berenberg resumed the stock to “Buy” and issued a price target of $98. BofA Securities upgraded the stock to “Buy” from Neutral on July 21, 2020 at a price target of $71-$105.
The current price level is -18.16%, -21.06%, and 19.66% away from its SMA20, SMA50, and SMA200 respectively, with the BNTX price moving above the 50-day SMA on September 01. BioNTech SE (BNTX) stock is down -17.99% over the week and -32.36% over the past month. Its price is 70.63% year-to-date.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of -$0.45 below consensus estimates by -$0.38. The company’s next earnings report is expected on 11/10/2020, with forecasts estimating quarterly EPS at -$0.41 and -$0.36 for whole year. BNTX’s earnings per share are forecast to grow by 62.10% this year and 2,144.40% over next year. Expected sales for next quarter are $419.59 million, which analysts say will come at $567.3 million for the current fiscal year and next year at $3.29 billion. In addition, estimates put the company’s current quarterly revenue at an average of $68.65 million.
Its 12-month price target is $70.13. To reach the target analysts have set, the stock logically needs to grow 24.91 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $28.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $100.00.
Outstanding shares total 232.36M with insiders holding 1.26% of the shares and institutional holders owning 4.15% of the company’s common stock. The company has a return on investment of -31.40%. The forward price to earnings ratio is 7.93. Price to book ratio is 18.89 and price to sales ratio is 98.33.
According to a U.S. Securities and Exchange Commission filing, Fidelity Growth Company Fund has reduced its position in BioNTech SE (BNTX) to 2,868,162 shares, mirroring a recent drop by -1.94%. Fidelity Growth Company Fund dumped 56861.0 shares of BioNTech SE common stock bringing its total worth to about $235.5 million at the end of recent close, SEC documents show. Fidelity Growth Company Fund isn’t the only investment manager who changed stakes and is followed by PRIMECAP Odyssey Aggressive Growt, which added 5042.0 shares to end up with 1,363,776 shares worth $111.98 million. Vanguard Capital Opportunity Fund raise their holdings by 5.73% in the company over the course of the most recent quarter. It now holds a 0.51% position in BioNTech SE thanks to 1.21 million shares amounting to $99.64 million.