Novavax Inc. (NVAX) is one of the best performing stocks in the health care sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on September 23. Shares of NVAX have climbed 5.86% about 30 minutes into the session to $2.28 after closing the day prior at $2.15. It’s early, but the stock has traded as high as $2.28 and as low as $2.17 so far. Today’s quick advance has come with about 6.61 million shares changing hands, compared to an average 30-day volume of 23.06 million for Novavax Inc.. The price is currently below the 30-day volume weighted average price of $2.23 for NVAX.
The share appreciation gives the company a market capitalization of $583.05 million based upon 271.19 million shares outstanding. It also means that NVAX has a price-to-book ratio of 5.29:1 and a price-to-earnings ratio of :1.
In the past 52 weeks, shares of NVAX have traded as low as $1.16 and as high as $9.56. Technical traders will take note that at $2.28, shares of NVAX are trading below their 200-day MA at $6.18 and below their 50-day MA at $6.79. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is NVAX?
Novavax Inc is a clinical-stage vaccine company engaged in the discovery, development and commercialization of recombinant nanoparticle vaccines and adjuvants. The company’s 443 employees are led by CEO Stanley Charles Erck from the corporate headquarters at 20 Firstfield Road.
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