Valneva (NASDAQ:VALN – Free Report) had its price objective lowered by HC Wainwright from $23.00 to $20.00 in a research report released on Friday, Benzinga reports. The brokerage currently has a buy rating on the stock. HC Wainwright also issued estimates for Valneva’s FY2024 earnings at $0.00 EPS.
Valneva Stock Performance
Shares of VALN opened at $5.65 on Friday. The stock’s 50-day simple moving average is $6.75 and its 200 day simple moving average is $7.42. The stock has a market capitalization of $393.45 million, a price-to-earnings ratio of -13.78 and a beta of 2.17. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.15 and a current ratio of 2.63. Valneva has a 52-week low of $5.57 and a 52-week high of $14.49.
Valneva (NASDAQ:VALN – Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. The business had revenue of $40.97 million for the quarter, compared to analysts’ expectations of $46.83 million. Valneva had a negative return on equity of 20.01% and a negative net margin of 21.31%. Research analysts forecast that Valneva will post 0.02 EPS for the current fiscal year.
Hedge Funds Weigh In On Valneva
About Valneva
Valneva SE, a specialty vaccine company, develops, manufactures, and commercializes prophylactic vaccines for infectious diseases with unmet needs. It offers IXIARO, an inactivated Vero cell culture-derived Japanese encephalitis vaccine indicated for active immunization against Japanese encephalitis; DUKORAL, an oral vaccine for the prevention of diarrhea caused by Vibrio cholera and/or heat-labile toxin producing enterotoxigenic Escherichia coli bacterium; IXCHIQ, a single-dose, live-attenuated vaccine for the prevention of disease caused by chikungunya virus; and VLA2001, an inactivated whole-virus COVID-19 vaccine.
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