GeoVax Labs Inc. (NASDAQ: GOVX) stock fell -10.67% on Thursday to $0.67 against a previous-day closing price of $0.75. With 0.46 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.32 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $0.7298 whereas the lowest price it dropped to was $0.6700. The 52-week range on GOVX shows that it touched its highest point at $4.30 and its lowest point at $0.53 during that stretch. It currently has a 1-year price target of $5.40. Beta for the stock currently stands at 2.97.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GOVX was up-trending over the past week, with a rise of 0.03%, but this was up by 10.56% over a month. Three-month performance dropped to -12.20% while six-month performance fell -22.09%. The stock lost -70.74% in the past year, while it has gained 6.32% so far this year. A look at the trailing 12-month EPS for GOVX yields -0.70 with Next year EPS estimates of -0.80. For the next quarter, that number is -0.17. This implies an EPS growth rate of 72.90% for this year and -73.90% for next year.
Float and Shares Shorts:
At present, 26.34 million GOVX shares are outstanding with a float of 26.05 million shares on hand for trading. On May 14, 2023, short shares totaled 0.5 million, which was 1.91% higher than short shares on Apr 13, 2023. In addition to Mr. David Alan Dodd as the firm’s Chairman, Pres & CEO, Mr. Mark W. Reynolds CPA, CPA serves as its CFO & Corp. Sec.
Through their ownership of 8.10% of GOVX’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 3.41% of GOVX, in contrast to 2.69% held by mutual funds. Shares owned by individuals account for 1.18%. As the largest shareholder in GOVX with 2.77% of the stake, The Vanguard Group, Inc. holds 728,443 shares worth 728,443. A second-largest stockholder of GOVX, BlackRock Fund Advisors, holds 413,444 shares, controlling over 1.57% of the firm’s shares. Geode Capital Management LLC is the third largest shareholder in GOVX, holding 172,750 shares or 0.66% stake. With a 1.67% stake in GOVX, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 439,870 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 1.10% of GOVX stock, is the second-largest Mutual Fund holder. It holds 288,573 shares valued at 0.18 million. Fidelity Extended Market Index Fu holds 0.46% of the stake in GOVX, owning 121,953 shares worth 75367.0.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, GOVX reported revenue of $0.00 and operating income of -$2.24M. The EBITDA in the recently reported quarter was -$2.23M and diluted EPS was -$0.18.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GOVX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With GOVX analysts setting a high price target of $8.00 and a low target of $3.00, the average target price over the next 12 months is $5.40. Based on these targets, GOVX could surge 1094.03% to reach the target high and rise by 347.76% to reach the target low. Reaching the average price target will result in a growth of 705.97% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded GOVX stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 8,000 shares were bought while 0 shares were sold. The number of buy transactions has increased to 5 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 33,464 while 0 shares were sold.