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Moderna (MRNA) Stock Sinks As Market Gains: What You Should Know

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Moderna (MRNA - Free Report) closed at $169.61 in the latest trading session, marking a -1.81% move from the prior day. This move lagged the S&P 500's daily gain of 0.94%. Meanwhile, the Dow gained 0.63%, and the Nasdaq, a tech-heavy index, lost 0.55%.

Prior to today's trading, shares of the biotechnology company had lost 25.88% over the past month. This has lagged the Medical sector's loss of 7.9% and the S&P 500's loss of 4.63% in that time.

Investors will be hoping for strength from Moderna as it approaches its next earnings release. The company is expected to report EPS of $9.83, up 1524.64% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.68 billion, up 1070.24% from the year-ago period.

Any recent changes to analyst estimates for Moderna should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 4.09% higher within the past month. Moderna currently has a Zacks Rank of #3 (Hold).

Valuation is also important, so investors should note that Moderna has a Forward P/E ratio of 6.4 right now. This valuation marks a discount compared to its industry's average Forward P/E of 17.15.

It is also worth noting that MRNA currently has a PEG ratio of 0.98. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Medical - Biomedical and Genetics industry currently had an average PEG ratio of 1.1 as of yesterday's close.

The Medical - Biomedical and Genetics industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 155, which puts it in the bottom 40% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow MRNA in the coming trading sessions, be sure to utilize Zacks.com.


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