Valneva (NASDAQ:VALN) Sees Strong Trading Volume – What’s Next?

Shares of Valneva SE Sponsored ADR (NASDAQ:VALNGet Free Report) saw unusually-high trading volume on Friday . Approximately 2,094,686 shares were traded during mid-day trading, an increase of 3,213% from the previous session’s volume of 63,226 shares.The stock last traded at $7.1310 and had previously closed at $5.65.

Valneva News Summary

Here are the key news stories impacting Valneva this week:

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on VALN. Guggenheim set a $11.00 target price on Valneva in a research note on Thursday, April 16th. The Goldman Sachs Group downgraded shares of Valneva from a “neutral” rating to a “sell” rating and set a $4.90 price objective for the company. in a report on Wednesday, April 22nd. Wall Street Zen upgraded shares of Valneva from a “strong sell” rating to a “sell” rating in a research note on Monday, June 1st. TD Cowen assumed coverage on shares of Valneva in a research report on Tuesday. They set a “buy” rating and a $12.00 target price for the company. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Valneva in a research note on Thursday, June 18th. Four analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $11.98.

Check Out Our Latest Report on Valneva

Valneva Price Performance

The stock has a market cap of $664.23 million, a P/E ratio of -3.74 and a beta of 1.77. The company has a quick ratio of 1.60, a current ratio of 2.14 and a debt-to-equity ratio of 2.14. The business’s 50-day simple moving average is $5.21 and its two-hundred day simple moving average is $6.92.

Valneva (NASDAQ:VALNGet Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.17). The business had revenue of $39.37 million during the quarter, compared to the consensus estimate of $43.15 million. Valneva had a negative net margin of 88.87% and a negative return on equity of 107.63%. Sell-side analysts expect that Valneva SE Sponsored ADR will post -1 EPS for the current year.

Institutional Investors Weigh In On Valneva

Hedge funds and other institutional investors have recently bought and sold shares of the business. Marex Group plc bought a new position in shares of Valneva in the second quarter worth $64,000. XTX Topco Ltd bought a new stake in shares of Valneva during the 4th quarter valued at $94,000. JPMorgan Chase & Co. bought a new stake in shares of Valneva during the 3rd quarter valued at $124,000. Finally, China Universal Asset Management Co. Ltd. purchased a new stake in Valneva during the 4th quarter worth about $44,000. Institutional investors own 11.39% of the company’s stock.

Valneva Company Profile

(Get Free Report)

Valneva SE is a specialty vaccine company focused on the development and commercialization of prophylactic vaccines for infectious diseases. Headquartered in Saint-Herblain, France, the company applies inactivated whole-cell and recombinant technology platforms to address public health needs. Valneva’s research and development efforts span a range of viral and bacterial pathogens, with an emphasis on travel-related and emerging infectious diseases.

Among its marketed products, Valneva offers IXIARO®/JESPECT® for the prevention of Japanese encephalitis and DUKORAL® for the prevention of cholera and diarrhea caused by enterotoxigenic Escherichia coli.

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