How to Invest in Novavax Stock in December 2023
Thanks to its efforts to develop a COVID-19 vaccine, Novavax Inc. was among the companies that saw its stock price skyrocket over the past year and a half, ever since the search for the vaccine originally began.
In this guide, we will cover How to Invest in Novavax stock and discuss the company’s fundamentals in detail.
How to Invest in Novavax Stock — Quick Steps
Here is a brief overview of how to invest in Novavax Stock in2023. Note, the exact process will differ depending on what platform you use to invest.
- Step1: Sign up to a broker
- Step 2: Upload two forms of ID
- Step 3: Connect a payment method to your stock trading account
- Step 4: Deposit a minimum of $20
- Step 5: Search for Novavax stock
- Step 6: Execute an order
Your money is at risk.
How to Invest in Novavax Stock- Fully Explained
If the above guide is too simple, here is a more detailed guide to investing in Novavax. It is important to read through the guide fully so that you understand the process before putting any money at risk.
Step 1 — Choose an investment platform
Selecting the right broker is half the job when it comes to trading and investing, as it allows users to trade with a suitable broker of their choice.
View our selection of the best trading platforms or keep reading to find out more about our recommended broker, Robinhood.
1. Robinhood – Invest in Novavax stock from $1 with 0% commissions
Robinhood is a reputable US broker that offers a user-friendly mobile app. The platform is suitable for long-term and short term investing and provides users with a range of tools to develop a strategy that meets their goals.
One of the most appealing features of Robinhood is that users can invest in stocks from $1. It is also worth noting that Robinhood charges 0% commissions on US stocks as well as low account fees.
Users can access a range of US stocks, ETFs, cryptocurrencies, indices, commodities and more through Robinhood. The main drawback of the app is that it does not offer advanced charting tools. For experienced traders who wish to access these tools, we recommend looking at MT4 trading platforms.
Your money is at risk.
Step 2 — Research Novavax Stock
Before making an investment decision, users may want to properly research a stock and the company. In the sections below, we will provide in-depth information on Novavax as a company, along with some historical stock price data.
What is Novavax?
Novavax is an American biotechnology company based in Gaithersburg, Maryland, and it creates vaccines that are used for preventing serious infectious diseases. Before 2020, the company’s researchers created a number of experimental vaccines, including the ones for Ebola, respiratory syncytial virus, influenza, and a number of others. However, with the COVID-19 pandemic taking over the entire world in mere weeks back in March 2020, the company focused all its efforts on creating a coronavirus vaccine.
The company did not exactly drop everything else, of course, as it did recognize the need to continue making innovative vaccines in other therapeutic areas. Because of that, it has taken steps to ensure that its nanoflu influenza vaccine will continue to evolve.
Novavax Stock Price
Novavax has been around for nearly 35 years now, and at that time, its price has reached major heights several times. Around 2016, however, the Novavax share price crashed to under $50, often fluctuating between this level and $20. Things finally started to change significantly for the company again in April 2020, after its decision to start focusing on the COVID vaccine.
Given the amount of fear and rather strict measures that were introduced in order to combat the pandemic and healthcare in the early days, the companies that were focusing their time and resources on finding a vaccine or a cure were extremely popular, and their services were in high demand. Between March 2020 and February 2021, Novavax’s stock price skyrocketed from only $7 to $290.
In 2021, the price saw another correction to $130, which was in mid-May, only to surge to $257 in August, and then crash once again to $145. At the time of writing, it sits at $148.83, after starting another apparent recovery.
Novavax has had some troubles, despite its skyrocketing stock price. While it has been around for decades, it often saw years of annual losses which kept its stock price low, occasionally broken by a price surge such as the one during the COVID pandemic. The company’s struggle to get its vaccine approved is also not helping, neither its stock, revenue, nor reputation as a manufacturer of vaccines.
The company reported a per-share loss of $4.75 and $298 million in sales in its 2nd quarter.
Novavax currently does not offer a dividend yield, which is not too surprising. Biotech companies usually do not see that much cash flow, which is why they often cannot spare the funds to offer in exchange for investors’ support.
Novavax ESG Breakdown
Regarding the company’s ESG (Environmental, Social, Governance) rating, its risk rating is deemed high (31.86). Its controversy level is 1. To give you a comparison, 5 is the worst controversy rating a company can have.
Novavax Covid Vaccine
As mentioned, Novavax started its work on the vaccine back in 2020, announcing its involvement back in January. Its vaccine, officially named NVX-CoV2373, is meant to establish immunity against SARS-CoV-2. It is a protein subunit vaccine that contains the spike protein of the virus, and the firm released phase 3 trials a year later, in January 2021.
According to the results, its vaccine was 89% efficient against coronavirus, and it provided strong immunity against new variants, many of which have emerged throughout 2021. Later on, in June 2021, it announced that the efficiency has been improved to 90.4%. Of the total of 77 COVID-19 cases among the volunteers of the clinical-stage trial, 14 cases appeared in the group that received the vaccine, while 63 cases emerged in the placebo group.
Step 3: Create an account and invest
After learning more about the stock and researching the different investment platforms that are available, it is time to create an investment account and buy the stock. You can never conduct too much research, don’t move onto this step until you are 100% confident about investing.
Step 1: Sign up
Most trading platforms will ask you to fill out a basic registration form before creating an account. For example, Robinhood will ask for your name, email address, mobile number and password. The exact details that you will need to provide will depend on the platform that you choose to use.
Step 2: ID verification
Regulated platforms will have to follow KYC procedure which includes verifying the identity of all users. To do this, you may be asked to upload forms of ID such as a passport, birth certificate or drivers license.
Step 3: Deposit funds
Before investing you will need to connect a payment method to your trading account and deposit the funds that you wish to invest with.
Top tip: use a payment method that is secure and charges low/no fees for depositing.
Step 4: Invest in Novavax Stock
After completing the above steps, you will be able to invest in Novavax stock.
In this guide, we have provided an in-depth review and analysis on the Novavax stock, price, fundamentals and more. Since there is a level of risk involved in every trade, users may want to review and assess their investment decision separately.
If you choose to invest in Novavax, you may want to do so with a suitable broker that can cater to your investing needs.