Is Moderna still a buy?
I’ve been hearing this question a lot this month. Probably my most popular video I’ve done since joining the team here at WealthPress was a few weeks ago when I said Moderna could double or triple this year. It seemed bold to some, but we’re getting close to doubling already!
My first video was posted back on Jan. 5 when Moderna Inc. (Nasdaq: MRNA) was trading under $110.
Since that day, I have been bombarded by great questions about this vaccine company. Shares have quickly marched higher, exploding after hours heading into Friday, rising from $159 to as high as $183.86-and-change shortly after the opening bell.
The market tanked and the stock still closed above $173 Friday, good for about a 60% bump in 24 days!
For some background, Moderna was down about 40% off recent highs in early January. Based on 2021 earnings-per-share estimates from analysts, the stock’s valuation just looked way too low.
So here we are, a few weeks later, and we’re sitting 60% higher. So now of course the question I keep getting since shares are back near their all-time highs… is it still a good time to get in?
If this past week’s activity — amid the GameStop short-squeeze mania — shows us anything, it’s that everything in the stock market carries risk. There are periods that seem like there’s hardly any risk. But before you know it there’s a sharp correction…
And sometimes bear markets, which introduce a whole new generation to the fact that sometimes, you can lose money. And that’s why investing and speculating tends to be hard. And if it seems easy, that’s only because the market makes it seem easy when everything is going up.
So the question we’ll answer in today’s video is whether not Moderna is still a buy. Let us know your thoughts in the comments below.
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