Is the Inovio stock price worth a buy or sell right now?
If you’ve been looking at pharma investments lately, the Inovio stock price may have caught your eye. It’s one of the lesser-known companies that are trying to make a COVID-19 vaccine. Does this mean this company’s stock is worth holding?
We will start by talking about what Inovio does and how its products and projects are going. Then, we’ll explain why you might see the Inovio stock price constantly move up and down. If you want to hold Inovio stocks, you’ll need diamond hands!
We should commend the efforts of Inovio Pharmaceuticals Inc. to create a vaccine for the novel coronavirus. Though as an investor, you must look through their efforts through an objective lens. Look beyond Inovio’s stock price and see for yourself if it’s a good investment.
What is Inovio Pharmaceuticals Inc.?
Photo Credit: investorplace.com
It’s a biotechnology company that creates DNA medicines for infectious diseases. You may find Inovio’s main office in Pennsylvania and its two other branches in California.
What’s important is the company’s COVID vaccine research, though. Inovio is currently running clinical trials of its INO-4800 vaccine candidate in China.
What’s more, Inovio has a smart device that may improve the delivery of its vaccine. It’s called the CELLECTRA 2000. This device has undergone numerous trials as well.
Do you see why people are checking the Inovio stock price? If the company does succeed in producing a vaccine, the stock prices will probably increase.
This isn’t that simple, though. As we said, numerous factors could get in the way of this price hike. One of the biggest hurdles involves the bigger names in COVID vaccines.
We’re talking about AstraZeneca, Pfizer, and all the other companies where we got our current vaccines. They’re larger companies, meaning they likely have better resources than Inovio.
In turn, they’re more likely to make an effective vaccine first. If that happens, investors may turn to their stocks instead. As a result, the price of Inovio stock may drop instead.
We don’t mean to brush aside Inovio’s efforts. All COVID research is important in ending the pandemic. This is how investors will likely respond to current market conditions.
Why the Inovio stock price will remain volatile
Today we announced that INOVIO and Advaccine received regulatory allowance for two heterologous prime-boost clinical trials in China using INO-4800, INOVIO's #COVID19 DNA vaccine candidate.
Read more: https://t.co/A5XS4YbhuZ pic.twitter.com/niV7HqFgI0
— INOVIO Pharmaceuticals (@InovioPharma) August 9, 2021
Outside factors will mess with the Inovio stock price movements. At the time of writing, Zacks Investment Research lowered its grade to a “sell.” We have a different recommendation, though.
You may want to hold this stock instead. It’s focused on making a drug that could benefit the world. If they succeed, you may get a windfall from this medical stock!
Still, you will have to be patient. Be willing to wait a few years for the stock price to go up. Two things could mess with it: supply chains and governments.
We still have a shortage of various products such as electronic chips. Companies might have problems getting materials. This is why we weren’t keen on NIO and Amarin stock.
Amarin is also a pharmaceutical company. Unlike Inovio, it’s making heart medicines. Both of them may have trouble getting the materials for their products.
What’s more, you have the added trouble of relations among countries. They will always put the safety of their people over others’. This is the right thing to do for any country.
Still, this makes things difficult for countries that cannot sustain themselves. Poorer countries had no choice but to wait for whatever richer countries could provide.
If you’re Inovio, you might have a hard time making your new vaccines. You might not be able to deliver them too. In turn, your company takes longer to make a profit.
Vaccine deals often specify their total costs. However, investors won’t see how effective yours are if nobody uses them yet. In turn, they might think twice about buying your stock.
Overall, these problems could muddle the outlook for Inovio’s stock price. If you want, you could hold this for a long time. Otherwise, you could short sell this stock or get other ones.
Other ways to invest during the pandemic
There’s another way you could invest in Inovio. You could place a put or call option on this stock. That might not be a good idea, though, due to the volatility we talked about.
How else should you invest then? Perhaps you should choose other stocks. Other industries are still booming despite the public health crisis. Here are some examples:
- AXA (AXAHY) – This insurance company is one of the few that provide cyber insurance. The service became more popular because of the recent gas shortage in the US. That’s why you may see its stock price go up further.
- Coursera (COUR) – Students can’t go to classrooms because of the virus. That’s why more of them use online learning instead. This is good news for Coursera, a company that has been offering online courses for years.
- Riot Blockchain (RIOT) – Cryptocurrency is another smart investment option right now. This company mines bitcoins. As the crypto trend grows, you’ll see its stock price increase further.
Why go with just stocks? There are other investment options out there! For example, there’s the Dow Jones Industrial Average ETF. Here are the other options available:
Final thoughts
Note that this article only intends to provide information. Be careful when investing in anything. There’s always a chance you’ll lose money! Learn all you can about the asset before buying.
Check the latest stock quotes online. Note that the real-time data may be delayed at least 15 minutes. See how your stock performed then. This will help you see how it will do now.
Also, study more online resources. You can find plenty of videos and blogs that can help you. Start by reading more investment articles from Inquirer USA.
Learn more about the Inovio stock price and other details
What does Inovio do?
It makes DNA medicines for various illnesses. Right now, it’s making a vaccine for COVID-19. That’s why many people are thinking about investing in this company.
What’s Inovio’s stock price?
At the time of writing, the price of Inovio stock is $8.45. This has changed by the time you’re reading this. Please check other sites for the most recent stock update.
Should I invest?
Inovio may find a great vaccine to beat COVID. This could make the stock price go up. Still, you may have to wait a while for this to happen. If you’re willing to wait, perhaps it’s a good buy.
