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Saturday, September 30, 2023

Will VBI Vaccines Inc. (VBIV) Find a Support Level Soon?

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VBI Vaccines Inc. (VBIV) shares are trading at lower $3.15 and the avg recommendation for the stock is Strong Buy.

To add more color to this target, the company’s high over the last year is $6.93 and the low is $0.69. Over the last 52 weeks, VBIV is up 282.05% while the S&P 500 is up 17.73%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, VBIV reported a profit of 1.81 million. VBI Vaccines Inc. also saw revenues decrease to $0.3 million. In addition, VBIV has free cash flow of -$31.02 million as of 09-2020. The company’s EBITDA came in at -$10.97 million which compares well with its peers.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. VBIV has a short ratio of 6.22 and outstanding shares of 231.20M.

Company Outlook

VBIV has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 8.12 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.21. VBI Vaccines Inc. VBIV also noted assets of $199.55 million at the end of the last quarter. Investors should also keep an eye on sector updates as VBIV has historically followed its peers on positive news.

All told, VBI Vaccines Inc. VBIV has strung together solid data and demonstrated underlying fundamentals. At its current valuation, VBIV represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

VBI Vaccines Inc. VBIV is now commanding a market cap of 728.27M and a float of 161.74M. VBIV is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of VBIV stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in VBIV, either long or short, and we have not been compensated for this article.

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