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Moderna’s Stock Has Surged 488% in 2020: Is It a Buy for 2021?


#All eyes were on the biotech #Modern (NASDAQ:MRNA) in 2020. #It wasn’t quite a popular name in the pharmaceutical space, as it has no approved products on the market yet. #But its sudden entry in the COVID-19 vaccine competition grabbed a lot of attention, and it became the second company to win approval in a race with dozens of players. #No wonder its stock has surged 488% so far this year, while the S&P 500 has gained 16%.

#On #Dec. 11, #Pfizer (NYSE:PFE) and its #German biotech partner #BioNTech (NASDAQ:BNTX) became the first to receive an #Emergency #Use #Authorization (EUA) from the #Food and #Drug #Administration for a coronavirus vaccine candidate, BNT162b2. #Moderna became the second company to receive the EUA for its vaccine, mRNA-1273, on #Dec. 18. The former vaccine displayed 95% efficacy while the latter showed 94.1% efficacy in the still-ongoing phase 3 trials.

#So now that #Moderna’s vaccine is out and the inoculation process has begun, is the company still a good investment?

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#Image source: #Getty #Images.

#Now that the vaccines are out, we will see how effective they are in treating COVID-19. #At one point in #December, #Moderna’s stock had surged up to 768%, but it seems to be simmering down now. #That could be because the vaccine market has tremendous competition, and ultimately the value of one particular vaccine might decline.

#Investing in this market is risky. #Moderna did wonders in a short period, but its future heavily depends on its COVID-19 vaccine. #Most of its other vaccines in clinical trials use the same mRNA technology, so the success of mRNA-1273 will validate other treatments in its pipeline. There’s a lot riding on the vaccine’s success.

MRNA Chart

MRNA data by YCharts.

#If you’re already invested in #Moderna, I would suggest holding it. #And any investors who still want an entry in this risky game should keep their allocation small with this biotech.





[ source link ]
https://www.fool.com/investing/2020/12/30/modernas-stock-has-surged-488-in-2020-is-it-a-buy/

##Modernas ##Stock ##Surged ##Buy

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