Vaxart (NASDAQ:VXRT) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Vaxart (NASDAQ:VXRT) released its earnings results on Tuesday. The biotechnology company reported ($0.32) earnings per share for the quarter, beating the consensus estimate of ($0.36) by $0.04, Zacks reports. The business had revenue of $0.45 million for the quarter, compared to the consensus estimate of $0.44 million. Vaxart had a negative return on equity of 131.05% and a negative net margin of 244.38%.

Vaxart stock traded down $0.01 during trading on Wednesday, reaching $0.32. 2,458 shares of the company were exchanged, compared to its average volume of 550,066. Vaxart has a 52-week low of $0.25 and a 52-week high of $5.00. The company has a market capitalization of $5.45 million, a P/E ratio of -0.12 and a beta of 0.55. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.29 and a quick ratio of 2.29. The stock’s 50 day simple moving average is $0.35 and its two-hundred day simple moving average is $0.60.

VXRT has been the topic of several research reports. HC Wainwright set a $2.00 target price on Vaxart and gave the company a “buy” rating in a research report on Wednesday, August 21st. ValuEngine downgraded Vaxart from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Zacks Investment Research upgraded Vaxart from a “hold” rating to a “buy” rating and set a $0.25 target price on the stock in a research report on Sunday, November 3rd. Finally, Brookline Capital Management initiated coverage on Vaxart in a research report on Thursday, August 15th. They issued a “buy” rating and a $6.00 target price on the stock.

In related news, insider Wouter Latour acquired 166,667 shares of Vaxart stock in a transaction that occurred on Monday, September 30th. The shares were purchased at an average price of $0.30 per share, for a total transaction of $50,000.10. Also, major shareholder Armistice Capital Master Fund acquired 564,000 shares of Vaxart stock in a transaction that occurred on Monday, October 7th. The shares were bought at an average price of $0.36 per share, for a total transaction of $203,040.00. In the last quarter, insiders have purchased 8,720,000 shares of company stock worth $2,609,907. 7.30% of the stock is currently owned by company insiders.

About Vaxart

Vaxart, Inc, a clinical-stage company, engages in the discovery and development of oral recombinant protein vaccines based on its proprietary oral vaccine platform. The company's product pipeline includes tablet vaccines that are designed to protect against norovirus, seasonal influenza, and respiratory syncytial virus.

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Earnings History for Vaxart (NASDAQ:VXRT)

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