Recent exceptional negative changes in fundamentals have affected Dynavax Technologies Corp (NASDAQ: DVAX): the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, significant quarterly sales deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, DVAX is expected to continue to be a modest Value Builder.
Dynavax Technologies has a current Value Trend Rating of D (Negative). This VT Rating improved modestly in recent days from F previously. The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Dynavax Technologies has a slightly negative Appreciation Score of 34 and a slightly negative Power Rating of 31, triggering the Negative Value Trend Rating.
Recent Price Action
On 4/26/24, Dynavax Technologies Corp (NASDAQ: DVAX) stock rose modestly by 0.4%, closing at $11.21. This advance was accompanied by normal trading volume. Relative to the market the stock has been weak over the last nine months and has declined -1.1% during the last week.
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