Moderna, Inc. (NASDAQ:MRNA – Free Report) – Investment analysts at Brookline Capital Management issued their FY2029 earnings estimates for shares of Moderna in a note issued to investors on Monday, January 13th. Brookline Capital Management analyst L. Cann forecasts that the company will post earnings per share of $22.02 for the year. The consensus estimate for Moderna’s current full-year earnings is ($9.30) per share.
Moderna (NASDAQ:MRNA – Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($1.89) by $1.92. Moderna had a negative net margin of 43.77% and a negative return on equity of 17.68%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the firm earned ($1.39) earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year.
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Moderna Stock Up 0.9 %
MRNA opened at $34.77 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.39 and a quick ratio of 4.20. Moderna has a 12 month low of $31.94 and a 12 month high of $170.47. The stock has a market capitalization of $13.38 billion, a P/E ratio of -5.97 and a beta of 1.60. The business has a 50 day simple moving average of $41.44 and a 200-day simple moving average of $67.56.
Insiders Place Their Bets
In other news, insider Shannon Thyme Klinger sold 1,418 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $42.79, for a total transaction of $60,676.22. Following the transaction, the insider now directly owns 19,717 shares in the company, valued at $843,690.43. This represents a 6.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 2,664 shares of company stock valued at $115,210 in the last quarter. 15.70% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Moderna
Several institutional investors and hedge funds have recently bought and sold shares of MRNA. Acadian Asset Management LLC purchased a new position in shares of Moderna in the 2nd quarter worth about $900,000. Ashton Thomas Private Wealth LLC purchased a new stake in Moderna during the 2nd quarter worth $26,000. Dai ichi Life Insurance Company Ltd increased its holdings in Moderna by 187.1% in the 2nd quarter. Dai ichi Life Insurance Company Ltd now owns 7,673 shares of the company’s stock valued at $911,000 after purchasing an additional 5,000 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Moderna by 78.7% in the second quarter. Envestnet Asset Management Inc. now owns 109,733 shares of the company’s stock valued at $13,031,000 after purchasing an additional 48,316 shares during the period. Finally, WINTON GROUP Ltd acquired a new position in shares of Moderna during the second quarter worth about $426,000. Institutional investors and hedge funds own 75.33% of the company’s stock.
Moderna Company Profile
Moderna, Inc, a biotechnology company, discovers, develops, and commercializes messenger RNA therapeutics and vaccines for the treatment of infectious diseases, immuno-oncology, rare diseases, autoimmune, and cardiovascular diseases in the United States, Europe, and internationally. Its respiratory vaccines include COVID-19, influenza, and respiratory syncytial virus, spikevax, and hMPV/PIV3 vaccines; latent vaccines comprise cytomegalovirus, epstein-barr virus, herpes simplex virus, varicella zoster virus, and human immunodeficiency virus vaccines; public health vaccines consists of Zika, Nipah, Mpox vaccines; and infectious diseases vaccines, such as lyme and norovirus vaccines.
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