CureVac (NASDAQ:CVAC – Get Free Report) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 5,890,000 shares, a growth of 17.8% from the May 31st total of 5,000,000 shares. Currently, 6.3% of the company’s shares are short sold. Based on an average trading volume of 1,170,000 shares, the short-interest ratio is presently 5.0 days.
Analyst Upgrades and Downgrades
CVAC has been the subject of a number of research reports. SVB Leerink lowered CureVac from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $12.00 to $4.00 in a report on Thursday, April 25th. Leerink Partnrs downgraded CureVac from an “outperform” rating to a “market perform” rating in a report on Thursday, April 25th. Finally, Guggenheim reiterated a “neutral” rating on shares of CureVac in a report on Friday, April 5th.
Get Our Latest Stock Report on CVAC
Institutional Trading of CureVac
CureVac Trading Up 1.2 %
Shares of CureVac stock opened at $3.40 on Friday. The stock has a market cap of $761.19 million, a PE ratio of -2.56 and a beta of 2.68. The firm has a fifty day moving average price of $3.41 and a 200 day moving average price of $3.51. CureVac has a 1 year low of $2.21 and a 1 year high of $11.35. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.25 and a quick ratio of 2.09.
CureVac (NASDAQ:CVAC – Get Free Report) last issued its quarterly earnings data on Thursday, May 23rd. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.12). CureVac had a negative return on equity of 49.22% and a negative net margin of 463.49%. The firm had revenue of $13.43 million for the quarter, compared to analyst estimates of $14.51 million. Equities research analysts predict that CureVac will post -1.11 earnings per share for the current year.
About CureVac
CureVac N.V., a biopharmaceutical company, focuses on developing various transformative medicines based on messenger ribonucleic acid (mRNA). It is developing prophylactic vaccines, such as mRNA-based vaccine candidates CV2CoV, which is in Phase 1 clinical trial against SARS-CoV-2; CV7202 which is in Phase 1 clinical trial for the treatment of rabies; and CVSQIV to treat multivalent seasonal influenza; Flu SV mRNA fot treating nucleotides, single antigen seasonal influenza.
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