NVAX

Novavax, Inc.
NasdaqGSUSDEQUITY Healthcare DELAYED
Last price
11.30
▼ 1.26 (10.03%)
MARKET · —

Price

1D — H — L — Range — Vol —
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
12.59
Prev close
12.56
Day high
13.33
Day low
10.88
Volume
19.41M
Market cap
$1.87B
P/E (TTM)
—
52W range
6.20 – 13.39

Day trading desk

Current session · delayed
Gap from prior close
+0.24%
Prior close 12.56
VWAP
11.68
-3.24% from price
Relative volume
3.70×
Unusually busy
Session range
22.52%
10.88 – 13.33
Position in range
17%
Near session low
ATR (14D)
0.92
8.12% of price
Prior day high
13.39
PDH
Prior day low
10.28
PDL
Bid / ask spread
—
Quote not published
Session volume
18.80M
Avg 5.09M

VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.

Trailing performance

Price return · vs SPY
Returnvs SPY
1W
+4.62% +2.7%
1M
+10.76% +9.6%
3M
+21.07% +16.5%
6M
+41.85% +23.7%
YTD
+68.45% +54.2%
1Y
+19.66% +3.2%
3Y
+56.35% -25.9%
5Y
— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Free account

5 more panels on NVAX open with an account.

Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.

Insider net activity

6m · Form 4 rollup
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
8.33M
Total on file

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Jun 18, 26
ALTON GREGG H
Director
— 18.88K — Direct
Jun 18, 26
KING RACHEL K
Director
— 18.88K — Direct
Jun 18, 26
MOTT DAVID M
Director
— 18.88K — Direct
Jun 18, 26
MCGLYNN MARGARET G
Director
— 18.88K — Direct
Jun 18, 26
DOUGLAS RICHARD H
Director
— 18.88K — Direct
Jun 18, 26
RODGERS RICHARD J.
Director
— 18.88K — Direct
Apr 24, 26
NEWTON CHARLES W.
Director
— 9.52K — Direct
Mar 10, 26
SHIVER JOHN W. PH.D.
Director
— 7.95K — Direct
Mar 6, 26
KELLY JAMES PATRICK
Chief Financial Officer
— 12.22K — Direct
Mar 3, 26
CASEY MARK J
Officer
— 37.50K — Direct
Mar 3, 26
KELLY JAMES PATRICK
Chief Financial Officer
— 43.17K — Direct
Mar 3, 26
JACOBS JOHN C
Chief Executive Officer
— 150.17K — Direct
Mar 3, 26
O'HARA ELAINE
Officer
— 56.33K — Direct
Mar 3, 26
DRAGHIA-AKLI RUXANDRA
Officer
— 26.67K — Direct
What this is, and what it is not

These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.

A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.

This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

10 reporting
NameRelationShares heldLatest
ALTON GREGG H
Director 47.69K Conversion of Exercise of derivative security
CASEY MARK J
Officer 90.07K Conversion of Exercise of derivative security
DOUGLAS RICHARD H
Director 73.22K Conversion of Exercise of derivative security
JACOBS JOHN C
Chief Executive Officer 225.68K Conversion of Exercise of derivative security
KELLY JAMES PATRICK
Chief Financial Officer 130.60K Conversion of Exercise of derivative security
MOTT DAVID M
Director 79.77K Conversion of Exercise of derivative security
O'HARA ELAINE
Officer 134.64K Conversion of Exercise of derivative security
RODGERS RICHARD J.
Director 47.37K Conversion of Exercise of derivative security
TRIZZINO JOHN J
President 68.06K Conversion of Exercise of derivative security
YOUNG JAMES FRANCIS
Director 51.76K Sale

Fundamentals

TTM · reported
Market cap$1.87B
Enterprise value$1.45B
Revenue (TTM)$413.80M
Gross profit$-10.58M
EBITDA$-101.55M
Net income$-247.73M
EPS (TTM)$-1.58
Free cash flow$153.39M
Total cash$719.34M
Total debt$297.32M
Book value / share$-1.16
Shares outstanding164.95M
Float142.58M
Short % of float30.43%
Dividend yield0.00%
Beta (5Y)2.44

Valuation & profitability ratios

Account required
Trailing P/E—
Forward P/E-18.44
PEG ratio1.32
Price / sales—
Price / book—
EV / revenue3.49
EV / EBITDA-14.23
Gross margin-2.56%
Operating margin-89.61%
Profit margin-59.87%
Return on equity—
Return on assets-6.51%
Debt / equity—
Current ratio2.33
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

As reported · 4 years · 5 quarters
Blank means not reported, not zero
Line item2025202420232022YoY
Total revenue $1.12B$682.16M$556.38M$1.60B +64.7%
Operating revenue $1.12B$682.16M$556.38M$1.60B +64.7%
Cost of revenue $73.04M$202.74M$343.77M$902.64M -64.0%
Gross profit $1.05B$479.42M$212.61M$696.31M +119.1%
Research & development $342.32M$391.17M$737.50M$1.24B -12.5%
Selling, general & admin $157.48M$337.19M$468.95M$488.69M -53.3%
Total operating expense $499.80M$728.35M$779.13M$1.34B -31.4%
Operating income $550.64M-$248.93M-$566.51M-$644.74M +321.2%
Net interest income -$22.55M-$20.07M-$14.42M-$19.88M -12.3%
Pre-tax income $442.17M-$176.62M-$543.03M-$653.65M +350.4%
Tax provision $1.86M$10.88M$2.03M$4.29M -82.9%
Net income $440.30M-$187.50M-$545.06M-$657.94M +334.8%
Net income to common $440.30M-$187.50M-$545.06M-$657.94M +334.8%
Basic EPS 2.72-1.23-5.41-8.42 +321.1%
Diluted EPS 2.58-1.23-5.41-8.42 +309.8%
EBIT $464.71M-$156.54M-$528.62M-$633.77M +396.9%
EBITDA $492.33M-$108.04M-$487.39M-$604.71M +555.7%
Basic shares 161.99M152.19M100.77M78.18M +6.4%
Diluted shares 173.10M152.19M100.77M78.18M +13.7%

Options analytics

Account required
Put / call volume
0.43
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
3.00
-73.5% from spot
ATM implied vol
6.3%
Nearest strike to spot
Skew (10% OTM)
+25.0%
Puts bid over calls
Call volume
13.00K
Contracts, this expiry
Put volume
5.55K
Contracts, this expiry
Heaviest call OI
3.00
0 contracts
Heaviest put OI
3.50
0 contracts

Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Jun 2026 -0.38-0.32 +16.6%
Mar 2026 -0.24-0.06 +75.2%
Dec 2025 -0.490.11 +122.5%
Sep 2025 -1.17-1.25 -7.0%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter -0.18 8 $84.75M +20.3%
Next quarter -0.11 8 $95.92M -34.8%
Current year -0.64 9 $377.29M -66.4%
Next year -0.12 9 $292.86M -22.4%

Analyst targets & ownership

Account required
Mean target$14.00
High target$25.00
Low target$7.00
Implied upside23.91%
Analyst count9
ConsensusBUY
Strong buy / Buy0 / 5
Hold1
Sell / Strong sell1 / 2
Held by insiders5.05%
Held by institutions68.72%
Institutions holding354
Free account required

Price targets, consensus spread, insider and institutional ownership.

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
10.92
+3.53% from price
SMA 20
10.36
+9.25% from price
SMA 50
9.27
+22.06% from price
SMA 100
9.20
+22.87% from price
SMA 200
8.94
+26.61% from price
EMA 12
10.87
+3.97% from price
EMA 26
10.31
+9.57% from price
EMA 50
9.77
+15.69% from price
RSI (14)
60.0
Neutral
MACD (12,26,9)
0.56
Hist 0.08
ATR (14)
0.92
8.11% of price
Realised vol 30D
76.4%
Annualised
Bollinger upper
11.92
20, 2σ
Bollinger lower
8.80
20, 2σ
50 / 200 cross
Golden
9.27 vs 8.94
Trend bias
Above 200
+26.61%

Options chain

Account required
Expiry
Spot 11.30
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

Risk profile

Daily returns · 1Y window
Beta vs SPY
1.82
More volatile than market
Correlation to SPY
0.35
Loosely linked
Realised vol 30D
76.4%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-34.6%
Peak to trough
Max drawdown 5Y
-98.3%
Peak to trough
ATR 14
0.92
8.11% of price
Beta (reported)
2.44
5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks
Shares short
49.88M
Prior 47.49M
Change vs prior
+5.0%
Shorts adding
% of float
30.43%
Heavily shorted
% of shares out
30.24%
Against total outstanding
Days to cover
8.9
Crowded exit
Float
142.58M
Freely tradeable shares

Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.

Rating changes

113 on file
DateFirm ActionFromTo
Jun 11, 26 BTIG MAINTAINED Buy Buy
May 6, 26 TD Cowen MAINTAINED Hold Hold
Feb 27, 26 HC Wainwright & Co. MAINTAINED Buy Buy
Jan 20, 26 BTIG MAINTAINED Buy Buy
Nov 18, 25 JP Morgan MAINTAINED Underweight Underweight
Nov 10, 25 B. Riley Securities MAINTAINED Buy Buy
Nov 4, 25 TD Cowen MAINTAINED Hold Hold
Oct 24, 25 Cantor Fitzgerald INITIATED — Overweight
Oct 23, 25 HC Wainwright & Co. MAINTAINED Buy Buy
Aug 20, 25 B of A Securities DOWNGRADE Neutral Underperform
Jul 22, 25 B of A Securities MAINTAINED Neutral Neutral
Jun 17, 25 Citigroup INITIATED — Sell

Dividends & splits

Declared · from the issuer
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay dateMay 10, 2019
Last split1:20
Split dateMay 10, 2019

PRIVATE STRATEGY · BY QUALIFICATION

The same data. A different seat.

The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.