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Saturday, September 30, 2023

Is the Rough Ride Over for GeoVax Labs Inc. (GOVX)

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GeoVax Labs Inc. (GOVX) shares are trading at higher $3.24.

To add more color to this target, the company’s high over the last year is $60.00 and the low is $2.30. Over the last 52 weeks, GOVX is down -88.43% while the S&P 500 is up 17.22%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, GOVX reported a profit of $0.85 million. GeoVax Labs Inc. also saw revenues increase to $0.42 million. In addition, GOVX has free cash flow of -$1.21 million as of 09-2020. The company’s EBITDA came in at -$0.32 million which compares well with its peers.

GOVX Return on Equity (ROE) is -320.10%, and its Return on Assets is -63.10%. All told, it is clear that, GOVX needs to be on your watchlist.

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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. GOVX has a short ratio of 0.05 and outstanding shares of 3.81M.

Company Outlook

GOVX has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.24 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -54.31. GeoVax Labs Inc. GOVX also noted assets of $11.76 million at the end of the last quarter. Investors should also keep an eye on sector updates as GOVX has historically followed its peers on positive news.

All told, GeoVax Labs Inc. GOVX has strung together solid data and demonstrated underlying fundamentals. At its current valuation, GOVX 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.

GeoVax Labs Inc. GOVX is now commanding a market cap of 12.41M and a float of 2.82M. GOVX 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 GOVX 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 GOVX, either long or short, and we have not been compensated for this article.

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