Moderna (MRNA) shares jumped more than 10% to lead S&P 500 gainers Tuesday, a day after the first bird-flu death was reported in the U.S. The biotech company is developing a vaccine for H5N1.
Moderna Inc (NASDAQ:MRNA, ETR:0QF) shares surged alongside rival vaccine makers on Tuesday after news broke of the first human death related to the H5 bird flu strain in the US. America's Centers for Disease Control and Prevention (CDC) on Monday reported an elderly patient in Louisiana with underlying medical conditions had died from the disease.
The company is one of a few drugmakers currently developing a vaccine for the illness, which is spreading rapidly through North America.
In the latest trading session, Moderna (MRNA) closed at $42.18, marking a +0.43% move from the previous day.
Moderna's partnership with Merck in personalized cancer therapies and promising Phase III trials support a speculative 'Buy' for long-term investors with high-risk tolerance. Despite a tough 2024, MRNA's pipeline reprioritization and $9 billion cash reserve position it for potential blockbuster products and revenue growth by 2028. Financial discipline has reduced cash burn and extended runway, with upcoming Phase III results in oncology and CMV expected to drive future profitability.
Moderna ends 2024 as one of the worst-performing Nasdaq-100 stocks, but it presents a contrarian play for 2025 due to vaccine catalysts. The stock is down to $40 with a $15 billion market cap, despite having $3+ billion in revenue and a promising pipeline. Moderna's spending issue is a concern, but the potential of its CMV and cancer vaccines could significantly boost sales and justify current R&D expenses.
Shares of MRNA have been declining after it lowered its long-term financial guidance. It has also pushed its breakeven point by another two years to 2028.
Moderna's (MRNA 3.13%) wild success in the COVID-19 vaccine market has worn off. The company's revenue, earnings, and stock price have been moving in the wrong direction for the past three years, a period during which the biotech has lost 85% of its value.
A five-bagger in only five years? Any investor would love to buy such a stock.
Moderna, Inc. (NASDAQ:MRNA ) Piper Sandler 36th Annual Healthcare Conference December 5, 2024 10:30 AM ET Company Participants Stephane Bancel - Chief Executive Officer Conference Call Participants Ted Tenthoff - Piper Sandler Ted Tenthoff Good morning, everyone. My name is Ted Tenthoff.
Moderna, Inc. (NASDAQ:MRNA ) 7th Annual Evercore ISI HealthCONx Conference Call December 4, 2024 1:20 PM ET Company Participants Lavina Talukdar - Senior Vice President and Head of Investor Relations Conference Call Participants Cory Kasimov - Evercore ISI Cory Kasimov Good afternoon, everyone. I'm Cory Kasimov, one of the senior biotech analysts here at Evercore ISI.
Moderna's stock is undervalued, so I maintain a positive outlook with a $97 price target for next year. 3Q24 results show good COVID-19 revenue, cost efficiency, and a significant cash balance, but RSV vaccine sales underperformed. The pipeline includes promising next-gen COVID-19, RSV, flu, CMV, norovirus, and oncology drugs, with substantial revenue potential by 2027.