Is it Time to Buy Pfizer, Moderna, or AstraZeneca’s Stock? September 28, 2023

At the moment, Pfizer, Moderna, and AstraZeneca stock all land a Zacks Rank #3 (Hold). Despite slowing COVID-19 vaccine sales these healthcare titans are trading at more reasonable valuations with a lot of the risk-to-reward being priced into their stocks considering their earnings potential. To that point, AstraZeneca’s therapeutic lines cover cardiovascular, respiratory, immunology, oncology, and rare diseases among others. AstraZeneca’s annual earnings are anticipated to rise 10% this year and jump another 14% in FY24 to $4.19 per share.

Programs span a wide range of therapeutic areas, including infectious disease, oncology, cardiovascular disease, and rare genetic diseases. All investments involve the risk of loss and the past performance of a security or a financial product does not guarantee future results or best commodity etf returns. You should consult your legal, tax, or financial advisors before making any financial decisions. This material is not intended as a recommendation, offer, or solicitation to purchase or sell securities, open a brokerage account, or engage in any investment strategy.

  • While the company doesn’t have any other products on the market yet, its flu vaccine NanoFlu could be ready for potential FDA approval.
  • The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.
  • The company is likely to have data on whether its vaccine works or not by this month, and has noted that it would seek emergency approval from the FDA if the vaccine is at least 70% effective.
  • By looking at revenue, net income and earnings, along with other important factors such as management and any competitive advantages, you can develop a well-rounded perspective on a company.

This is making a real case for booster vaccinations with new formulations targeting the variants. Moderna is perfectly poised to cater to the booster market with its mRNA technology which can be more quickly adapted to fight new variants. Pricing for booster shots shouldn’t be an issue, as governments are likely willing to pay up to limit the strain on economies and healthcare infrastructure.

Moderna Stock: Technical Analysis

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Moderna takes the worst of it, down just under 16% to close at $385.33. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. This site is protected by reCAPTCHA and the Google
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How much you should invest in Moderna stock

That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score.

This gives Moderna room to scale up further, with the company looking to boost production to as much as 3 billion doses in 2022. That said, 2022 is unlikely to be as profitable for the company, as more doses are likely sold to lower-income markets. what is sector rotation For example, the World Health Organization’s Covid-19 Vaccines Global Access program could likely take on as much as 466 million doses from Moderna next year. Moderna guided to $6 billion to $8 billion in full-year sales of its Covid vaccine.

Moderna Stock News

This may have many investors wondering if now is a buying opportunity and if the stocks of these somewhat forgotten health saviors have become overlooked after losing their pandemic mojo. Even though Moderna has forecast the launch of possibly 15 new products in the coming five years and billion-dollar revenue down the road, the stock has stagnated. If Moderna wins approval and quickly gains some market share, investors may cheer — and decide to give the biotech a chance. First, the market could reach $10 billion, offering a blockbuster opportunity for more than one participant. Second, Moderna’s safety profile might appeal to doctors and other healthcare providers. While Pfizer and GSK reported cases of Guillain-Barré syndrome in their trials, Moderna didn’t.

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That year, they expect strong sales of Moderna’s personalized cancer vaccine as well as vaccines blocking HIV and the seasonal flu. All of this means it’s unlikely Moderna will see a big drop in vaccine sales anytime soon. So the coronavirus vaccine business could power its shares higher in the coming year. At the same time, long-term investors will like the fact that Moderna isn’t only about the coronavirus vaccine. The company has 37 programs in the pipeline across various therapeutic areas.

So clearly vaccination programs are just getting started based on the larger scheme of things. However, the markets are beginning to look beyond the pandemic. With bond yields rising and the economy continuing to open up, investors have been rotating out of pandemic winners such as vaccine and work from home names to more cyclical and value stocks.

The Covid Booster Rollout Is a Mess. That’s Good News for Pfizer and Moderna.

The current booster shot aims to block the BA.4 and BA.5 subvariants of omicron, as well as the original strain. But those strains no longer account for any cases in the U.S. Overall, Moderna’s second-quarter sales crashed 93% to $344 million, but beat the forecast of analysts polled by FactSet for $308 million. Moderna noted lower demand for its Covid vaccine, the company’s only commercial product.

The companies just began a Phase 3 study of the regimen and expect to wrap that test in 2029. Investors are paying close attention to the bespoke cancer vaccine in partnership with Merck. The shot prompts an immune response against a patient’s own tumor cells.

This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services. Vaccine stocks spiral as their efficacy against the Delta variant is called into question. Moderna takes the worst of it, down just under 16% to close at $385.33.Vaccine stocks spiral as their efficacy against the Delta variant is called into question.

The company is likely to have data on whether its vaccine works or not by this month, and has noted that it would seek emergency approval from the FDA if the vaccine is at least 70% effective. The company’s once eye-popping sales and profits are expected to decline this year and next. Analysts don’t expect a return to massive pandemic-era growth until 2027.