Dynavax Technologies Corporation (NASDAQ:DVAX) Relative Strength Index (RSI) is 53.66, with weekly volatility at 5.12% and ATR at 0.40. The DVAX stock’s 52-week price range has touched low of $3.58 and a $12.44 high. Intraday shares traded counted 2.86 million, which was -4.27% lower than its 30-day average trading volume of 2.74M. Its shares traded lower over the last trading session, losing -1.22% on 06/18/21. The shares fell to a low of $8.81 before closing at $8.93. DVAX’s previous close was $9.04 while the outstanding shares total 112.03M. The firm has a beta of 1.21.
Investors have identified the Biotechnology company Dynavax Technologies Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.04 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Dynavax Technologies Corporation (DVAX) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 427.53 million total, with 109.42 million as their total liabilities.
DVAX were able to record 36.28 million as free cash flow during the 08/11/2021 quarter of the year, this saw their quarterly net cash flow reduce by 46.97 million. In cash movements, the company had a total of 38.03 million as operating cash flow.
Potential earnings growth for Dynavax Technologies Corporation (DVAX)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/11/2021 quarter of the year, Dynavax Technologies Corporation recorded a total of 83.33 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 86.9% coming in sequential stages and their sales for the 08/11/2021 quarter increasing by 76.54%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 24.63 million trying to sell their products during the last quarter, with the result yielding a gross income of 58.71 million. This allows shareholders to hold on to 112.03M with the recently reported earning now reading 0.01 cents per share. This is a figure that compared to analyst’s prediction for their 08/11/2021 (0.01 cents a share).
Having a look at the company’s valuation, the company is expected to record -0.38 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on DVAX sounds very interesting.
Is the stock of DVAX attractive?
In related news, President & COO, Novack David F sold 20,000 shares of the company’s stock in a transaction that recorded on Apr 01. The sale was performed at an average price of 9.92, for a total value of 198,400. As the sale deal closes, the Principal Accounting Officer, Burgess Justin now sold 1,165 shares of the company’s stock, valued at 10,275. Also, Principal Accounting Officer, Burgess Justin sold 2,958 shares of the company’s stock in a deal that was recorded on Mar 01. The shares were price at an average price of 8.88 per share, with a total market value of 26,267. Following this completion of acquisition, the Senior Vice President, Janssen Robert now holds 42,155 shares of the company’s stock, valued at 448,529. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.30%.