A major move is in the offing as Geovax Labs Inc (GOVX) market cap hits 23.09 million

Geovax Labs Inc (NASDAQ: GOVX) on Monday, plunged -4.58% from the previous trading daybefore settling in for the closing price of $2.84. Within the past 52 weeks, GOVX’s price has moved between $1.09 and $11.18.

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Healthcare Sector giant saw their annual sales slid by -20.34% over the last five years. The company achieved an average annual earnings per share of 59.25%. With a float of $8.48 million, this company’s outstanding shares have now reached $8.52 million.

The firm has a total of 17 workers. Let’s measure their productivity. 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 0.53%, while institutional ownership is 2.28%. 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

As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -4.8 earnings per share (EPS) for the period falling under the consensus outlook (set at -3.6) by -1.2. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.95 per share during the current fiscal year.

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 76.96.

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)

Analysing the last 5-days average volume posted by the [Geovax Labs Inc, GOVX], we can find that recorded value of 1.28 million was lower than the volume posted last year of 2.64 million. As of the previous 9 days, the stock’s Stochastic %D was 4.28%. Additionally, its Average True Range was 0.90.

During the past 100 days, Geovax Labs Inc’s (GOVX) raw stochastic average was set at 16.05%, which indicates a significant increase from 1.66% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 97.40% in the past 14 days, which was lower than the 232.49% 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 $3.05. Now, the first resistance to watch is $2.92. This is followed by the second major resistance level at $3.13. The third major resistance level sits at $3.27. If the price goes on to break the first support level at $2.57, it is likely to go to the next support level at $2.43. Should the price break the second support level, the third support level stands at $2.22.

Geovax Labs Inc (NASDAQ: GOVX) Key Stats

Market capitalization of the company is 23.09 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.