Novavax, Inc. stock trades under the ticker NVAX & has shown recent bullishness that traders & investors should take a closer examination of.
NVAX stock closed at $194.92/share on Thursday 12/16/2021.
Novavax, Inc. NVAX Stock’s Technicals Broken Down
NVAX Stock Price:$194.92
10 Day Moving Average: $172.28
50 Day Moving Average: $171.38
200 Day Moving Average: $193.15
RSI: 55.7
MACD: -0.374
Yesterday, NVAX stock had a bullish MACD crossover, while also breaking out above its 200 Day Moving Average.
Their trading volume has recently been about average for the last year, and their RSI is still neutral at <56.
The next level of resistance to test is the $203.80-level.
Novavax, Inc. NVAX Stock As A Long-Term Investment
Investors focused on holding stocks for the long-term may find NVAX stock appealing, particularly with its price growth Y-o-Y.
However, their valuation metrics are not terribly appealing, with no P/E (ttm) & a P/B of 27.3.
NVAX saw 13.9% Quarterly Revenue Growth Y-o-Y, which investors may find appealing.
Their balance sheet also looks appealing, with Total Cash (mrq) of $1.94B & Total Debt (mrq) of $458.8M.
NVAX stock does not offer an annual dividend.
50% of their total share float is held by institutional investors, and their beta is 1.27, meaning they move slightly more aggressively than the broader market indexes.
Novavax, Inc. NVAX Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options in order to take advantage of NVAX stock’s current momentum.
I am looking at the contracts with the 1/21 expiration date.
The $200 & $210 calls each look appealing, and are both liquid with solid open interest levels.
The $220 & $230 puts also look appealing, although they have less open interest, implying that traders expect NVAX stock to continue climbing in the near-term.
Tying It All Together
Traders & investors will each find great attributes for NVAX stock that fit their styles.
Investors will like their balance sheet & long-term performance, particularly after their more recent split.
Traders will like their current momentum, as well as the liquidity of their options contracts that are about a month out.
All-in-all, it is worth taking a closer look at NVAX stock.
*** I DO NOT OWN SHARES OF NVAX STOCK ***