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Valneva (NASDAQ:VALN) Shares Gap Down - Time to Sell?

Valneva logo with Medical background

Valneva SE (NASDAQ:VALN - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $6.41, but opened at $6.22. Valneva shares last traded at $6.23, with a volume of 2,395 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on VALN shares. HC Wainwright reiterated a "buy" rating and set a $17.00 price target on shares of Valneva in a research report on Tuesday, April 15th. Guggenheim reduced their price objective on Valneva from $15.00 to $14.00 and set a "buy" rating for the company in a report on Thursday, May 8th.

View Our Latest Report on VALN

Valneva Stock Up 0.8%

The firm has a market capitalization of $522.73 million, a PE ratio of -48.08 and a beta of 1.85. The firm's 50-day moving average is $6.51 and its 200 day moving average is $5.85. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.25 and a current ratio of 2.78.

Valneva (NASDAQ:VALN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.27. The company had revenue of $51.79 million for the quarter, compared to the consensus estimate of $41.80 million. Valneva had a negative net margin of 4.35% and a negative return on equity of 3.93%. As a group, research analysts forecast that Valneva SE will post 0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Valneva

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its position in Valneva by 14.3% during the fourth quarter. Wells Fargo & Company MN now owns 246,766 shares of the company's stock worth $1,079,000 after buying an additional 30,859 shares in the last quarter. ABC Arbitrage SA purchased a new stake in shares of Valneva in the fourth quarter valued at $84,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Valneva during the first quarter valued at $94,000. Hedge funds and other institutional investors own 11.39% of the company's stock.

About Valneva

(Get Free Report)

Valneva SE, a specialty vaccine company, develops, manufactures, and commercializes prophylactic vaccines for infectious diseases with unmet needs. It offers IXIARO, an inactivated Vero cell culture-derived Japanese encephalitis vaccine indicated for active immunization against Japanese encephalitis; DUKORAL, an oral vaccine for the prevention of diarrhea caused by Vibrio cholera and/or heat-labile toxin producing enterotoxigenic Escherichia coli bacterium; IXCHIQ, a single-dose, live-attenuated vaccine for the prevention of disease caused by chikungunya virus; and VLA2001, an inactivated whole-virus COVID-19 vaccine.

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