Novavax, based in Maryland, develops protein-based vaccines, including a coronavirus vaccine. Distribution and further development of the coronavirus vaccine now run through a partnership with Sanofi; Novavax receives payments and royalties for this. As of Oct 16, 2026
Novavax is a vaccine company headquartered in Gaithersburg in the state of Maryland. Its technology is based on protein-based nanoparticles and the adjuvant Matrix-M, which strengthens the immune response to vaccines. The platform is used in the approved Covid-19 vaccine Nuvaxovid and in a partner’s malaria vaccine. Marketing of Nuvaxovid lies with Sanofi, to which the US license was also transferred in November 2025. Novavax earns revenue from licenses and royalties and milestone payments from the partnership with Sanofi, among other sources. The company also provides Matrix-M for collaborations, for example for the malaria vaccine made by the Serum Institute of India.
Automatically summarized from SEC annual report (10-K, filed Feb 26, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 17, 2026
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
No buy zone
There is currently no buy zone for this symbol under our Elliott rule. One only forms when the price pulls back after a strong rise.
An observation, not investment advice
Timeframe 1 week · As of Oct 23, 2026 · display only, the rule works on 4-hour candles
Elliott count: Flat (type known only after C), Corrective pattern (downward), C in progress (2 of 2 guidelines) · B = 129% of A; C = 70% of A
Note: Flat type (regular, expanded, running) can only be decided once C is complete.
Note: Structure ambiguous: leg B can also be read as three- or five-part.
Elliott count calculated automatically by fixed Elliott rules, not investment advice – display only, our buy zones do not use it. Provisional: The count can change with new candles.
No buy zone of the rule on this timeframe – the chart shows only the Elliott count from the completed weekly candles (recalculated every day). Not a recommendation, not investment advice. Without a buy zone there is no reference for percentages – so no value axis and no prices; measurements are ratios of wave lengths.
Timeframe 1 day · As of Oct 27, 2026 · display only, the rule works on 4-hour candles
Elliott count: Impulse, Impulse pattern (upward), Wave 2 in progress (3 of 3 guidelines) · W2 = 71% of W1
Note: Structure ambiguous: leg W1 can also be read as three- or five-part.
Elliott count calculated automatically by fixed Elliott rules, not investment advice – display only, our buy zones do not use it. Provisional: The count can change with new candles.
No buy zone of the rule on this timeframe – the chart shows only the Elliott count from the completed daily candles (recalculated every day). Not a recommendation, not investment advice. Without a buy zone there is no reference for percentages – so no value axis and no prices; measurements are ratios of wave lengths.
Timeframe 4 hours · As of Oct 27, 2026
Elliott count: Combination (W-X-Y-X-Z), Corrective pattern (upward), Z complete (3 of 4 guidelines) · X = 45% of W; Y = 119% of W; X = 61% of Y; Z = 41% of W–Y
Alternative (not drawn): Flat (type known only after C), Corrective pattern (downward), C in progress (2 of 3 guidelines)
Note: Z truncated.
Note: Structure ambiguous: leg Y can also be read as three- or five-part.
Elliott count calculated automatically by fixed Elliott rules, not investment advice – display only, our buy zones do not use it. Provisional: The count can change with new candles.
No buy zone of the rule on this timeframe – the chart shows only the Elliott count from the completed 4-hour candles (recalculated every hour). Not a recommendation, not investment advice. Without a buy zone there is no reference for percentages – so no value axis and no prices; measurements are ratios of wave lengths.
Timeframe 1 hour · As of Oct 27, 2026 · display only, the rule works on 4-hour candles
Elliott count: Nested combination, Corrective pattern (downward), Y complete (2 of 3 guidelines) · X = 38% of W; Y = 97% of W
smaller wave degree Smaller wave degree: more sensitive turning-point detection, because no count fits at the usual degree – it describes shorter swings. Provisional – check the count yourself on the chart.
Note: Nested: leg W is itself a combination, its X is 41.3% (at most 88.7%).
Note: Nested: leg Y is itself a combination, its X is 24.7% (at most 88.7%).
Elliott count calculated automatically by fixed Elliott rules, not investment advice – display only, our buy zones do not use it. Provisional: The count can change with new candles.
No buy zone of the rule on this timeframe – the chart shows only the Elliott count from the completed hourly candles (recalculated every hour). Not a recommendation, not investment advice. Without a buy zone there is no reference for percentages – so no value axis and no prices; measurements are ratios of wave lengths.
Timeframe 1 week · As of Oct 23, 2026 · from the Elliott count in the analysis chart
Weighting Main scenario (2 of 2 guidelines, strong) · no alternative Guidelines (strength of the count)Guidelines are typical features of a count, such as usual Fibonacci lengths or a change in the form of correction. Strong means: at least three quarters met, medium: at least half, otherwise weak. Even a strong count can flip.Example: 3 of 3 guidelines → strong; 2 of 4 → medium; 1 of 3 → weak.More in the Academy: Lesson wave degrees
Weighting by guidelines met – not a probability.
As long as the weekly close stays below the end of B, this applies: flat countermove downward in three waves (Flat, type known only after C), C in progress – count points to falling prices.
Invalid if the weekly close is above the end of B
If that breaks, this count no longer applies. Currently no alternative that follows the rules.
Watcher Fibonacci target zones and levels for this count – as a help for your own review – from Watcher.
Timeframe 1 day · As of Oct 27, 2026 · from the Elliott count in the analysis chart
Weighting Main scenario (3 of 3 guidelines, strong) · no alternative Guidelines (strength of the count)Guidelines are typical features of a count, such as usual Fibonacci lengths or a change in the form of correction. Strong means: at least three quarters met, medium: at least half, otherwise weak. Even a strong count can flip.Example: 3 of 3 guidelines → strong; 2 of 4 → medium; 1 of 3 → weak.More in the Academy: Lesson wave degrees
Weighting by guidelines met – not a probability.
As long as the daily close stays above the start of wave 1, this applies: Upward move in five waves (Impulse), wave 2 in progress (pullback) – count then points to rising prices.
Invalid if the daily close is below the start of wave 1
If that breaks, this count no longer applies. Currently no alternative that follows the rules.
Watcher Fibonacci target zones and levels for this count – as a help for your own review – from Watcher.
Timeframe 4 hours · As of Oct 27, 2026 · from the Elliott count in the analysis chart
Weighting Main scenario: ahead (3 of 4 guidelines, strong) · Alternative: behind (2 of 3, medium) Guidelines (strength of the count)Guidelines are typical features of a count, such as usual Fibonacci lengths or a change in the form of correction. Strong means: at least three quarters met, medium: at least half, otherwise weak. Even a strong count can flip.Example: 3 of 3 guidelines → strong; 2 of 4 → medium; 1 of 3 → weak.More in the Academy: Lesson wave degrees
Weighting by guidelines met – not a probability.
As long as the 4-hour close stays below the end of Z, this applies: complex countermove upward (Combination W-X-Y-X-Z), Z complete – count points to falling prices.
Invalid if the 4-hour close is above the end of Z
If that breaks, the second reading no longer applies either: flat countermove downward in three waves (Flat, type known only after C), C in progress – then there is no valid count for now; the next candles will produce a new one.
Invalid if the 4-hour close is above the end of B
Timeframe 1 hour · As of Oct 27, 2026 · from the Elliott count in the analysis chart
Weighting Main scenario (2 of 3 guidelines, medium) · no alternative Guidelines (strength of the count)Guidelines are typical features of a count, such as usual Fibonacci lengths or a change in the form of correction. Strong means: at least three quarters met, medium: at least half, otherwise weak. Even a strong count can flip.Example: 3 of 3 guidelines → strong; 2 of 4 → medium; 1 of 3 → weak.More in the Academy: Lesson wave degrees
Weighting by guidelines met – not a probability.
smaller wave degree Smaller wave degree: more sensitive turning-point detection, because no count fits at the usual degree – it describes shorter swings. Provisional – check the count yourself on the chart.
As long as the hourly close stays above the end of Y, this applies: complex countermove downward (Nested combination), Y complete – count points to rising prices.
Invalid if the hourly close is below the end of Y
If that breaks, this count no longer applies. Currently no alternative that follows the rules.
Novavax · Sector Health Care · amounts in USD
Information only – does not affect our buy zones, not investment advice. Source: SEC filings, As of Feb 26, 2026.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
No reported values for “Dividend per share” in this interval.
No reported values for “Dividend per share” in this interval.
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 1.1B USD · Net income 440.3M USD · Net margin 39.2%
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 63 symbols in the Health Care sector on our list (current members of the S&P 500 and other lists).
+18.8% per year, last 5 years
Sector Health Care: median +7.8% (60 symbols)
What does this mean? Revenue: over 5 years it grew by 18.8% per year on average – at least as fast as the median company in the sector (+7.8%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
– per year, last 5 years
Sector Health Care: median +7.5% (46 symbols)
per share: not computable (loss in the first or last year)
What does this mean? There was a loss in the first or last year. An annual growth rate cannot be calculated meaningfully then.
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
39.2% last fiscal year
Sector Health Care: median 12.9% (63 symbols)
What does this mean? Of every 100 USD in revenue, 39.19 USD remained as profit – at least as much as the median company in the sector (12.9%). Five years ago the margin was −87.9%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
– latest balance sheet
Sector Health Care: median 0.66 (40 symbols)
What does this mean? Equity is negative (e.g. due to share buybacks). A debt-to-equity ratio cannot be formed meaningfully then.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
– Dividend / earnings per share
Sector Health Care: median 28% (31 symbols)
What does this mean? The loaded SEC filings of the last two fiscal years contain no dividend per share. Either the company pays none, or it reports it under a different tag.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
1 of 10 fiscal years with a profit
What does this mean? In 1 of the last 10 fiscal years the bottom line showed a profit. 9 years ended with a loss.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
| Year | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 1.1B | 440.3M | 39.2% | 2.58 | – | – |
| 2024 | Dec 31, 2024 | 682.2M | −187.5M | −27.5% | −1.23 | – | – |
| 2023 | Dec 31, 2023 | 983.7M | −545.1M | −55.4% | −5.41 | – | – |
| 2022 | Dec 31, 2022 | 2.0B | −657.9M | −33.2% | −8.42 | – | – |
| 2021 | Dec 31, 2021 | 1.1B | −1.7B | −152.1% | −23.44 | – | – |
| 2020 | Dec 31, 2020 | 475.6M | −418.3M | −87.9% | −7.27 | – | – |
| 2019 | Dec 31, 2019 | 18.7M | −132.7M | −711.0% | −5.51 | – | – |
| 2018 | Dec 31, 2018 | 34.3M | −184.7M | −538.8% | – | – | – |
| 2017 | Dec 31, 2017 | 31.2M | −183.8M | −589.5% | – | – | – |
| 2016 | Dec 31, 2016 | 15.4M | −280.0M | −1,823.5% | – | – | – |
| Quarter | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| Q2/26 | Jun 30, 2026 | 56.7M | −53.4M | −94.2% | −0.32 | – | – |
| Q1/26 | Mar 31, 2026 | 139.5M | −9.5M | −6.8% | −0.06 | – | – |
| Q4/25* | Dec 31, 2025 | 147.1M | 17.5M | 11.9% | – | – | – |
| Q3/25 | Sep 30, 2025 | 70.4M | −202.4M | −287.3% | −1.25 | – | – |
| Q2/25 | Jun 30, 2025 | 239.2M | 106.5M | 44.5% | 0.62 | – | – |
| Q1/25 | Mar 31, 2025 | 666.7M | 518.6M | 77.8% | 2.93 | – | – |
| Q4/24* | Dec 31, 2024 | 88.3M | −81.0M | −91.8% | – | – | – |
| Q3/24 | Sep 30, 2024 | 84.5M | −121.3M | −143.5% | −0.76 | – | – |
| Q2/24 | Jun 30, 2024 | 415.5M | 162.4M | 39.1% | 0.99 | – | – |
| Q1/24 | Mar 31, 2024 | 93.9M | −147.6M | −157.2% | −1.05 | – | – |
| Q4/23* | Dec 31, 2023 | 291.3M | −178.4M | −61.2% | – | – | – |
| Q3/23 | Sep 30, 2023 | 187.0M | −130.8M | −69.9% | −1.26 | – | – |
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
In the last 12 months, insiders of this stock have not acquired or disposed of shares on the market (SEC Form 4).
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.
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