Novavax (NVAX) recently reported its second quarter results, missing estimates on revenue and adjusted earnings while slashing its full-year outlook for...
, missing estimates on revenue and adjusted earnings while slashing its full-year outlook for revenue. Despite this, Novavax 's stock edges higher in Thursday trading.Holz bluntly states:"This is a super volatile stock , not that surprised that it's up today.
But I'm curious, uh there's a lot riding obviously, just in terms of what demand is going to look like for the vaccine, whether or not they're gonna see the updated shot here for the fall season and and what that is ultimately gonna look like on a global scale as well.Um Not that surprised that it's up today when you just look at the valuation of a company that's worth a little bit more than a billion and is still gonna do roughly 400 to 500 million in sales next year.
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