Is govx stock a strong stock to buy tomorrow
8/9/2024 02:22am
**GeoVax Labs (GOVX) does not appear to be a strong buy at this time**, based on the following analysis:
1. **Recent Earnings Release**: The most recent earnings release date for GOVX is August 6, 2024, which is in the past. Therefore, the current financial report period is not reflected in the stock's recent performance.
|Ticker|Name|Earnings Release Date|Financial Report Period|Earnings Release Time|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|GOVX.O|GeoVax Labs|20240514|2024 Q1|After Market Close|20240330-20240930|GOVX|186|
|GOVX.O|GeoVax Labs|20240806|2024 Q2||20240330-20240930|GOVX|186|
2. **Analyst Ratings and Price Targets**: The average analyst price target for GOVX is $3.09, with a high forecast of $6.00 and a low forecast of $1.75. This suggests that analysts believe the stock has the potential to rise, but it also indicates that the current price may not be an attractive entry point for investors looking to buy at a significant discount.
3. **Stock Performance**: The 1-month percentage change for GOVX is not available, but the 1-week percentage change is -3.15%. This indicates a recent trend of the stock price falling.
|Ticker|Name|Interval Percentage Change|Date|code|market_code|
|---|---|---|---|---|---|
|CHPT.N|ChargePoint|-6.18279569892473|20240709-20240808|CHPT|169|
|CHPT.N|ChargePoint|-12.311557788944718|20240802-20240808|CHPT|169|
4. **Support and Resistance Levels**: The current support level for GOVX is $2.84, and the resistance level is $3.17. The stock is currently trading close to its support level, which could be a point of interest if the stock were to break below this level.
|Ticker|Name|Support Level (Narrow)|Resistance Level (Narrow)|Date|code|market_code|
|---|---|---|---|---|---|---|
|GOVX.O|GeoVax Labs|1.7542|1.8008|20240807|GOVX|186|
In conclusion, while GOVX has the potential for a high upside based on analyst price targets, the recent technical indicators and stock performance suggest caution. The stock is currently trading at a low price, which could be attractive to some investors looking for potential growth. However, the oversold technical indicators and recent price declines indicate a higher risk profile. Investors should consider their investment strategy and risk tolerance before making a decision to buy GOVX stock.