CureVac N.V. (CVAC) Clearly Signals Buy-Into the Stock: Don’t ignore the signals

With 0.54 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.15 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $3.5400 whereas the lowest price it dropped to was $3.4200. The 52-week range on CVAC shows that it touched its highest point at $12.36 and its lowest point at $3.35 during that stretch. It currently has a 1-year price target of $13.37. Beta for the stock currently stands at 2.57.

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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 CVAC was down-trending over the past week, with a drop of -2.79%, but this was down by -12.78% over a month. Three-month performance dropped to -36.84% while six-month performance fell -60.41%. The stock lost -62.90% in the past year, while it has lost -17.34% so far this year. A look at the trailing 12-month EPS for CVAC yields -1.53 with Next year EPS estimates of -0.95. For the next quarter, that number is -0.20. This implies an EPS growth rate of 30.08% for this year and 4.09% for next year. EPS is expected to decline by -10.86% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -32.46%.


Float and Shares Shorts:

At present, 195.00 million CVAC shares are outstanding with a float of 91.60 million shares on hand for trading. On Jan 11, 2024, short shares totaled 4.19 million, which was 1.87% higher than short shares on Dec 14, 2023. In addition to Mr. Pierre Kemula B.Sc. as the firm’s MD, CFO & Member of Management Board, Dr. Malte Greune Ph.D. serves as its COO, Member of Management Board & MD.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CVAC 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 CVAC analysts setting a high price target of $19.17 and a low target of $5.83, the average target price over the next 12 months is $12.21. Based on these targets, CVAC could surge 450.86% to reach the target high and rise by 67.53% to reach the target low. Reaching the average price target will result in a growth of 250.86% from current levels.