Shares of the Covid-19 vaccine maker BioNTech (BNTX.US) skyrocketed during today’s US session after the company released its Q2 results (today, before the opening bell). The company said that it and its partner Pfizer (PFE.US) had shipped roughly 1 billion doses of their coronavirus vaccine as of late July. Both companies have signed orders for delivery of more than 2.2 billion doses this year.
BioNTech earned $12.67 per share on $6.24 billion second-quarter sales. Results topped expectations as Wall Street anticipated earnings of $8.87 per share on $3.83 billion of revenues. The company’s CEO says that currently the best approach is to continue with a booser dose of the existing vaccine, but the situation may also require adaptation of the vaccine amid further variants. Also, the firm hinted at potential M&A plans as well as licensing of products and strategic collaborations in order to boost its pipeline of cancer drugs.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app
BioNTech (BNTX.US) shares have risen more than 100% over the past… month! Earlier the stock was trading in an upward channel, but a breakout followed. At press time the price is soaring 15% and the Marubozu candlestick shows that bulls remain in control during today’s trading. Source: xStation5
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
