Novavax is a 💔💔💔-Elsa sings, "Let it go,let it go, can't hold it back anymore 🎈🎈🎈" $Novavax(NVAX)$

NVAX has been a heartache to a lot of investors 💔💔💔 It tumbled from its all-time high of USD 319.93 on Feb 8, 2021, which is a about an 88% CRASH 😱😱😱

NVAX has repeatedly pushed back production forecasts & has struggled to access raw materials & equipment needed to make its vaccine 🗓🏭 💉

Till now…NVAX still hasn’t obtained full FDA approval for its vaccine ❌ It was only granted Emergency Use Authorisation for over 18 year-olds in early June & WHO has not recognised their vaccine use for below 18 years of age ❌

Now, it has even:

(1) posted a 3rd quarter loss of 6.53 per share, with revenues slowing 37.6% from last year to just 185.9 million;

(2) halved its 2022 sales forecast to between $2 billion and $2.3 billion; &

(3) warned that it does not expect to sell any more of its Covid vaccines in the US this year.

🤔💭: My Thoughts: This earnings is too BIG a miss & it sure shows how the management of NVAX over-promises & under-delivers. Their historical trend shows this as well (see photo). A successful company requires great leaders & direction-this is something that NVAX doesn’t have & will not be able to compete with Pfizer-BioNTech or Moderna. I don’t have a target price for NVAX as I really can't see it as a profitable company…Sorry 🐯🐯🐯

As usual-🤔💭 Consider POV & Actions of investors + 👩🏻‍💻👨🏻‍💻 Research + 🗑FOMO & Greed = Investing Wisely 🤓🤗 + Accumulating Wealth 💵💰

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