Here are three reasons why Moderna’s stock is coming down to earth. Breaking News • Aug 03, 2020. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.33% per year. Barclays analyst Gena Wang raised the firm's price target on Moderna (MRNA) to $84 from $68 and keeps an Overweight rating on the shares. Research, Inc. nor its Information Providers can guarantee the accuracy, The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.
Take a short survey and you can win $50!China Stocks Hit By Trump Executive Order Targeting TikTok, WeChatBest Mutual Funds Bet Billions On Tech Stocks Amazon, Apple, Microsoft, NvidiaThe Path to Recovery: What’s Next? Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.The Zacks Sector Rank assigns a rating to each of the 16 Sectors based on their average Zacks Rank.A sector with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.The sector with the best average Zacks Rank would be considered the top sector (1 out of 16), which would place it in the top 1% of Zacks Ranked Sectors. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Image source: Getty Images.The firm's analysts also highlighted the continued uncertainty surrounding Moderna's COVID-19 vaccine candidate, mRNA-1273, and intensifying competition among drugmakers. See Zacks' prediction free. "Prophylactic vaccines continue to be an area of forward momentum and we expect this will remain the case in 2020," the brokerage wrote in a report to clients.Underwriters will receive a 30-day option to purchase up to an additional $75 million in shares of common MRNA stock.Representatives of Moderna declined to comment in an email to Investor's Business Daily.
The company also said it expects the results of a later-stage vaccine test in the second half of 2020, and added three new vaccines to its development list.But a public offering of $500 million in shares of common stock sent MRNA stock into a free fall. Cambridge, MA-based Moderna, Inc. is a clinical-stage pharmaceutical company, primarily focused on discovering and developing messenger RNA (mRNA) based therapies. Moderna is testing vaccines and therapeutics that rely on messenger RNA, or mRNA. Let's conquer your financial goals together...faster. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. These candidates are currently in mid-stage development. Shares of MRNA stock have a Relative Strength Rating of 93. View the latest Moderna Inc. (MRNA) stock price, news, historical charts, analyst ratings and financial information from WSJ. See rankings and related performance below.The scores are based on the trading styles of Value, Growth, and Momentum. Prior to today, Moderna's shares were up a staggering 385% year to date and 576% over the past year. Kasimov clarified the firm's position:To be clear, this is not a call on any sort of diminished expectations around the company or mRNA-1273; we remain bullish on Moderna's long-term outlook, disruptive platform (in the vaccine space and otherwise), and chances of being one of the first companies to bring a COVID-19 vaccine to market.Still, Moderna faces formidable competition in the coronavirus vaccine race. The company cited a quiet period related to the secondary offering.Get instant access to exclusive stock lists, expert market analysis and powerful tools with 5 weeks of IBD Digital for only $5!Get market updates, educational videos, webinars, and stock analysis.Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content.Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. Find the latest Moderna, Inc. (MRNA) stock quote, history, news and other vital information to help you with your stock trading and investing. How good is it? Retirement . also free.See Zacks' prediction free.
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