why is moderna stock down so much

Thursday, October 20, 2022 Edit

On average they predict the. So what The Swedish health agency will hold off giving Modernas drug to people under 30 years old after preliminary data from a not-yet-published study showed a potential.

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The prognosticator who lost a little faith in Moderna is Morgan Stanleys Matthew Harrison.

. 1 day agoSo what. Moderna stock fell as much as 13 on Monday to a 10-month low of less than 140 pushing shares down more than 30 over the past month amid a sell-off largely centered. Moderna stock is already down by more than 70 from the highs that were reached back in August 2021 but there is no rush to buy the stock as traders question the future of.

The median estimate represents a 6691. Although it wasnt down by as much as the SP 500 index Moderna was still off by almost 2 in late afternoon trading. The 54 analysts offering price forecasts for Moderna have a median target of 20026 with a high estimate of 46300 and a low estimate of 6000.

12 brokers have issued twelve-month price objectives for Modernas stock. Analysts expect that Moderna will report earnings of 2785 in 2022 so the stock is trading at roughly 8 forward PE which is certainly cheap for the current market environment. Before market open Harrison reduced his price target on the stock to 175.

So Is Moderna Stock A Buy Or Sell Right Now. In November 2020 I estimated that its Covid-19 vaccine now branded SpikeVax -- could add as much as 35 billion to Modernas. Positive news from a top rival was a key reason w Why.

Their MRNA share price forecasts range from 7700 to 30400.

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