Why Moderna Stock Is Jumping Today
Shares of (NASDAQ: MRNA) were jumping 9.5% higher as of 11:09 a.m. ET on Thursday after rising as much as 10% earlier in the day. The gain came after the biotech company announced its fourth-quarter and fiscal year 2023 results.
The big news in Moderna's Q4 update was a surprise profit of $217 million, or $0.53 per share, based on generally accepted accounting principles (GAAP). The average analysts' estimate was for a Q4 loss of $0.90 per share.
Moderna also reported Q4 revenue of $2.8 billion, down from $5.1 billion in the prior-year period. However, this result was well above the consensus revenue estimate of $2.3 billion.
Source Fool.com
Moderna Inc. Stock
€116.14
-0.960%
We see a rather positive sentiment for Moderna Inc. with 16 Buy predictions and 2 Sell predictions.
With a target price of 125 € there is a slightly positive potential of 7.63% for Moderna Inc. compared to the current price of 116.14 €.
