Dynavax Technologies Corporation (DVAX) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS
Dynavax Technologies Corporation (NASDAQ:DVAX) posted its earnings results on Wednesday, August 2nd. The biopharmaceutical company reported ($0.41) EPS for the quarter, beating the consensus estimate of ($0.50) by $0.09, Briefing.com reports. Dynavax Technologies Corporation had a negative return on equity of 92.09% and a negative net margin of 1,323.99%. The firm had revenue of $0.11 million for the quarter, compared to analyst estimates of $0.15 million. During the same quarter in the prior year, the company posted ($0.75) earnings per share.
Shares of Dynavax Technologies Corporation (NASDAQ:DVAX) traded up 2.84% during trading on Friday, hitting $16.30. 2,572,043 shares of the company’s stock were exchanged. Dynavax Technologies Corporation has a 1-year low of $3.20 and a 1-year high of $19.60. The firm’s market capitalization is $892.38 million. The stock’s 50 day moving average is $11.71 and its 200 day moving average is $7.12.
Several equities analysts have issued reports on the stock. Cowen and Company restated an “outperform” rating and issued a $30.00 price objective on shares of Dynavax Technologies Corporation in a research note on Thursday. William Blair reiterated an “outperform” rating and set a $30.00 target price on shares of Dynavax Technologies Corporation in a research note on Wednesday. Zacks Investment Research upgraded shares of Dynavax Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. BidaskClub downgraded shares of Dynavax Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, J P Morgan Chase & Co upgraded shares of Dynavax Technologies Corporation from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $6.00 to $27.00 in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Dynavax Technologies Corporation has an average rating of “Hold” and a consensus target price of $23.34.
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Dynavax Technologies Corporation Company Profile
Dynavax Technologies Corporation is a clinical-stage immunotherapy company. The Company is focused on leveraging the body’s innate and adaptive immune responses through toll-like receptor (TLR) stimulation. Its product candidates are being investigated for use in multiple cancer indications, as a vaccine for the prevention of hepatitis B and as a disease modifying therapy for asthma.
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