Moderna Shares Rise Nearly 9% in Premarket Trading
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 hours ago
0mins
Should l Buy MRNA?
Shares of Moderna are up nearly 9% in premarket trading as the company evaluates potential treatments targeting hantavirus. According to reports, a U.S. citizen has tested positive for the Andes strain of hantavirus. One passenger aboard a repatriation flight had returned a mild positive test for hantavirus, while another passenger was experiencing mild symptoms consistent with the infection, the U.S. Department of Health and Human Services said. Moderna said last week that it is evaluating potential treatments targeting hantavirus, calling the program "early-stage and ongoing" within its broader development efforts in infectious diseases. There are currently no approved vaccines or specific antiviral treatments available for hantavirus infections.
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Analyst Views on MRNA
Wall Street analysts forecast MRNA stock price to fall
20 Analyst Rating
1 Buy
16 Hold
3 Sell
Hold
Current: 54.350
Low
17.00
Averages
32.47
High
63.00
Current: 54.350
Low
17.00
Averages
32.47
High
63.00
About MRNA
Moderna, Inc. is a biotechnology company advancing a new class of medicines made of messenger ribonucleic acid (mRNA). It is engaged in developing medicines across infectious disease vaccines, oncology therapeutics and rare disease therapeutics. Its platform incorporates advances across three components, mRNA, delivery, and the manufacturing process, to advance its medicines. Its products are Spikevax and mNEXSPIKE (its COVID vaccines), and mRESVIA (its vaccine against respiratory syncytial virus (RSV)). It also has a diverse development pipeline that consists of 35 therapeutic and vaccine programs, six of which are in late-stage development. It has regulatory filings under review for its seasonal flu+COVID vaccine (mRNA-1083) in Europe and Canada and for its seasonal flu vaccine (mRNA-1010) in the United States, Europe, Canada and Australia. Its rare disease programs are Propionic acidemia (mRNA-3927); Methylmalonic acidemia (mRNA-3705), and Cystic Fibrosis (mRNA-3692/VX-522).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Operational Leverage: CFO Eliran Glazer noted that internal AI productivity gains allow the company to scale revenue without increasing headcount, indicating a higher operational efficiency achieved in a complex environment.
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See More
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- Positive Market Reaction: The increased attention on the healthcare sector may stem from recent discussions around health-related policies, which are expected to drive growth in healthcare spending and enhance profitability for related companies.
- Selective Investment in Sector: As healthcare stocks rise, investors may reassess their portfolios, increasing allocations to the healthcare sector to seek better risk-adjusted returns amid future market volatility.
- Policy Impact Potential: Potential changes in healthcare policy could present new growth opportunities for healthcare stocks, particularly in the fields of innovative drugs and medical technologies, further boosting market confidence in the sector.
See More
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- Research Collaboration: Moderna is conducting preclinical research on hantaviruses in collaboration with the US Army Medical Research Institute, although Evercore ISI believes this will not lead to significant revenue opportunities, it highlights the agility of its mRNA platform.
- Other Companies' Performance: Inovio Pharmaceuticals jumped 11% in early trading, while Novavax rose 5%, reflecting positive market sentiment towards vaccine development firms, despite limited overall market opportunities.
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