Moderna gets a boost

Moderna Inc. (MRNA) reported it latest financial numbers before the opening bell in the US on Thursday.

The pharmaceutical company reported results that beat Wall Street estimates, sending the stock price higher on the day.

Total revenue reported at $7.211 billion in the fourth quarter vs. $6.798 billion expected.

Earnings per share at $11.29 per share vs. estimate of $9.96 per share.

Stéphane Bancel, CEO of Moderna commented on the last year’s performance following the latest results: “In 2021, we delivered 807 million doses with approximately 25% of those doses going to low- and middle-income countries, and we will continue to scale in 2022 to help end the COVID-19 pandemic. Moderna has experienced exponential growth and we have more than doubled the size of our team over the last year with a global team of 3,000. We also have announced plans to scale to 21 commercial subsidiaries across the world, including four new locations in Asia and six new locations in Europe. We continue to expand and advance our industry-leading mRNA pipeline with 44 programs in development. We look forward to clinical readouts from our therapeutics development candidates later in 2022 in rare genetic diseases and oncology. We are entering 2022 with a remarkable team and strategic priorities to continue advancing mRNA vaccines and therapeutics to impact human health.”

Moderna Inc. (MRNA) chart (Weekly)

Share price of Moderna surged by over 10% during Thursday, trading at $147.53 per share.

Here is how the stock has performed in the past year –

• 1 Month: +0.18%
• 3 Month: -45.54%
• Year-to-date: -41.38%
• 1 Year: +0.34%

Moderna Inc. is the 274^th largest company in the world and 21^st largest pharmaceutical company with a total market cap of $59.54 billion.

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Sources: Moderna Inc., TradingView, MetaTrader 5, CompaniesMarketCap