Moderna, Inc.'s (NASDAQ:MRNA) Price Is Right But Growth Is Lacking After Shares Rocket 43%
Moderna, Inc. (NASDAQ:MRNA) shares have surged 43% in the last month, bringing its 12-month gain to 21%. Despite a relatively low price-to-sales (P/S) ratio of 7.7x compared to the biotech industry average, the company's declining revenue (down 56% last year) and projected underperformance against industry revenue growth (11% vs. 134% per annum) indicate a potential lack of future growth. This outlook contributes to its lower P/S ratio, suggesting that the stock's recent strong performance might not be sustained given the fundamental challenges.
https://simplywall.st/stocks/us/pharmaceuticals-biotech/nasdaq-mrna/moderna/news/moderna-incs-nasdaqmrna-price-is-right-but-growth-is-lacking-1