Anyone here holding Moderna?
I bought in last summer at $73 a share, would you hold or sell?
Congrats on getting in when you did!
wow it went from around a $7b market cap before the pandemic to now having a $125b market cap
Keep in mind it is a very new company (founded in 2010) and they currently only have 1 product although they are working on others.
my opinion is it will take at least 2 years for the world to have herd immunity and I wouldn't be surprised if they recommended yearly booster shots too, so they should have plenty of business for the foreseeable future.
My problem is that for a pharmaceutical company that is ~10 years old and currently only has 1 EUA product, to be valued at half the value of a company like Pfizer ($224b mkt cap) which has been around for 170 years (which also has a similar vaccine) just doesn't make sense.
$MRNA might continue rising but I wouldn't put my money into it, at this point the valuation doesn't make sense to me.
The company's only commercial product is the Moderna COVID-19 vaccine. The company has 24 vaccine candidates, including vaccine candidates for seasonal flu, HIV, the Nipah virus, and a second COVID-19 vaccine that will be easier to store and administer than existing vaccines. In 2020, 65% of the company's revenues were from the Biomedical Advanced Research and Development Authority and 24% of the company's revenues were from other agencies of the federal government of the United States.