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Moderna, Inc.
Moderna, Inc. (NASDAQ: MRNA) is a biotechnology company that specializes in research and development of therapeutics and vaccines for infectious, cardiovascular, immuno-oncology, and auto immune diseases based on messenger RNA (mRNA). Currently, MRNA has 15 programs in clinical trials and a total of 24 development programs in six modalities comprising prophylactic and cancer vaccines, intratumoral immuno-oncology, and various therapeutics. It has also collaborated with various companies for the manufacturing of COVID-19 vaccines.
Why Should Investors Book Profit?
Valuation Methodology: EV/Sales Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's FY1 trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
Stock Recommendation:
MRNA's share price has inclined 54.14% in the past six months and is currently leaning towards the lower band of the 52-week range of USD 119.33 to USD 497.49. We have valued the stock using the EV/Sales-based relative valuation methodology and arrived at a target price of USD 157.60.
Considering the company's industry above leverage, weak liquidity profile, current valuation and associated risks. we recommend a "Sell" rating on the stock at the closing price of USD 172.54, up 2.29% as of April 04, 2022.
1 -Year Technical Price Chart (as of April 04, 2022). Source: REFINITIV, Analysis by Kalkine Group
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.