Geovax Labs Inc (GOVX) is gearing up for another turning point as it hit the volume of 1.24 million

Geovax Labs Inc (NASDAQ: GOVX) on Monday, soared 7.02% from the previous trading day, before settling in for the closing price of $3.42. Within the past 52 weeks, GOVX’s price has moved between $1.09 and $11.18.

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Over the past five-year period, the drop rate of yearbook sales for the company of the Healthcare sector was -20.34%. The company achieved an average annual earnings per share of 59.25%. With a float of $5.22 million, this company’s outstanding shares have now reached $5.26 million.

Considering the fact that the conglomerate employs 17 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 79.52%, operating margin of -6732.46%, and the pretax margin is -6652.53%.

Geovax Labs Inc (GOVX) Insider Activity

Observing investor behavior towards Biotechnology industry stocks is more important than anything else. The insider ownership of Geovax Labs Inc is 0.89%, while institutional ownership is 3.69%. The most recent insider transaction that took place on Aug 09 ’24, was worth 15,600. In this transaction President, CEO of this company bought 8,000 shares at a rate of $1.95, taking the stock ownership to the 26,661 shares. Before that another transaction happened on Feb 22 ’24, when Company’s President, CEO bought 8,209 for $2.27, making the entire transaction worth $18,663. This insider now owns 18,661 shares in total.

Geovax Labs Inc (GOVX) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around 59.25% per share during the next fiscal year.

Geovax Labs Inc (NASDAQ: GOVX) Trading Performance Indicators

Geovax Labs Inc (GOVX) is currently performing well based on its current performance indicators. A quick ratio of 0.60 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 64.17.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -13.08, a number that is poised to hit -1.48 in the next quarter and is forecasted to reach -0.76 in one year’s time.

Technical Analysis of Geovax Labs Inc (GOVX)

Compared to the last year’s volume of 2.68 million, its volume of 1.57 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 5.13%. Additionally, its Average True Range was 1.10.

During the past 100 days, Geovax Labs Inc’s (GOVX) raw stochastic average was set at 25.47%, which indicates a significant increase from 6.05% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 230.16% in the past 14 days, which was lower than the 231.15% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $3.53, while its 200-day Moving Average is $3.16. Nevertheless, the first resistance level for the watch stands at $3.97 in the near term. At $4.29, the stock is likely to face the second major resistance level. The third major resistance level sits at $4.63. If the price goes on to break the first support level at $3.31, it is likely to go to the next support level at $2.97. Should the price break the second support level, the third support level stands at $2.65.

Geovax Labs Inc (NASDAQ: GOVX) Key Stats

Market capitalization of the company is 19.25 million based on 2,308K outstanding shares. Right now, sales total 0 K and income totals -25,970 K. The company made 300 K in profit during its latest quarter, and -5,060 K in sales during its previous quarter.