It wasn’t long ago that Moderna stock ( NASDAQ:MRNA ) was one of the market’s hottest companies. In the contest to create COVID-19 vaccines, the business emerged as one of the top winners. From its first public offering in December 2018 to July 2021, Moderna’s shares increased by 2,500%.
But Moderna’s tale has changed dramatically since then. The initial success of the COVID-19 vaccination gradually faded. What comes next for the battered vaccine stock?
Here’s what you should understand about Moderna stock .
Some of the major information to know about moderna stock ( NASDAQ:MRNA ) fall within the three explained below:
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- Significant ambiguity still exists.
So far this year, Moderna ( NASDAQ:MRNA ) stock price has been quite erratic. This is not expected to alter very soon because one simple reason: demand for COVID-19 vaccinations remains highly unpredictable. Consequently, there is considerable uncertainty concerning Moderna’s financial success in the next few years.
Vaccination rates in the United States and other nations seem to have plateaued. Simultaneously, the number of COVID-19 cases has decreased. These two elements do not seem to bode well for Moderna and...
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