Moderna Inc (MRNA) At $57.46 Offering A Unique Opportunity

Moderna Inc (NASDAQ:MRNA) currently has a daily average trading volume of 4.77M but it saw 3251733 shares traded in last market. With a market cap of 22.09B USD, the company’s current market price of $57.46 came rising about 0.26 while comparing to the previous closing price of $57.31. In past 52 weeks, the stock remained buoying in the range of price level as high as $170.47 and as low as $55.70. In the recent trading on the day, stock has struck highest price mark of $57.12 while lowest mark touched by it was $58.44.

Taking a look at 20-day trading activity of Moderna Inc (MRNA) gives us an average price of $61.69, while its current price level is -66.29% below from 52-week high level whereas it is 3.16% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $72.04 while that of 200 days or SMA-200 reads an average of $103.55. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.84% during that period while stretching the period over a month that decreases to 3.68%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 29.07 which implies that the stock is in oversold territory.

JP Morgan downgraded its recommendation for the stock as a “Underweight” from “Neutral” on September 13, 2024 while assigning a price target range of $88-$70. Jefferies also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $120 and $65.

Over the week, MRNA’s stock price is moving -2.38% down while it is -20.18% when we observe its performance for the past one month. Year-to-date it is -42.22% down and over the past year, the stock is showing a downside performance of -37.50%.

Currently, Moderna Inc’s total number of outstanding shares is 382.00M. Company’s return on investment (ROI) stands at -45.28% and return on equity (ROE) at -40.94%. Stock’s beta reads 1.67. Stock has a price to book (P/B) ratio of 1.88 while price to sale or P/S ratio amounts to 4.38. Its return on asset (ROA) is -31.24% on average.