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Vaxart (NASDAQ:VXRT) Stock Price Passes Below Two Hundred Day Moving Average - Here's Why

Vaxart logo with Medical background

Vaxart, Inc. (NASDAQ:VXRT - Get Free Report)'s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.73 and traded as low as $0.72. Vaxart shares last traded at $0.74, with a volume of 1,361,347 shares traded.

Vaxart Stock Performance

The stock has a market cap of $168.68 million, a price-to-earnings ratio of -1.81 and a beta of 0.62. The firm's 50-day simple moving average is $0.66 and its two-hundred day simple moving average is $0.73.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Mesirow Financial Investment Management Inc. raised its position in shares of Vaxart by 100.0% during the third quarter. Mesirow Financial Investment Management Inc. now owns 40,000 shares of the biotechnology company's stock worth $34,000 after acquiring an additional 20,000 shares during the last quarter. XTX Topco Ltd grew its position in shares of Vaxart by 869.3% during the 3rd quarter. XTX Topco Ltd now owns 136,466 shares of the biotechnology company's stock worth $116,000 after buying an additional 122,387 shares during the period. Geode Capital Management LLC raised its position in shares of Vaxart by 15.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,543,228 shares of the biotechnology company's stock valued at $2,160,000 after acquiring an additional 346,725 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in Vaxart by 110.8% in the second quarter. Millennium Management LLC now owns 3,985,670 shares of the biotechnology company's stock valued at $2,660,000 after purchasing an additional 2,095,274 shares during the last quarter. Institutional investors and hedge funds own 18.05% of the company's stock.

Vaxart Company Profile

(Get Free Report)

Vaxart, Inc, a clinical-stage biotechnology company, discovers and develops oral recombinant protein vaccines based on its proprietary oral vaccine platform. The company's product pipeline includes norovirus vaccine, a bivalent oral tablet vaccine in Phase 2 clinical trial for the GI.1 and GII.4 norovirus strains; coronavirus vaccine, which is in Phase 2 clinical trial, for the treatment of SARS-CoV-2 infection; seasonal influenza vaccine, which is in Phase 2 clinical trial, to treat H1 influenza infection; and human papillomavirus therapeutic vaccine, which is in preclinical stage, that targets HPV-16 and HPV-18 for cervical cancers and precancerous cervical lesions.

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