Dynavax Technologies (DVAX) has disclosed a new risk, in the Share Price & Shareholder Rights category.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Dynavax Technologies faces a potential risk with its recently authorized share repurchase program, which aims to buy back up to $200 million of common stock. This initiative, while intended to bolster shareholder value, carries uncertainties regarding the actual number of shares repurchased and whether it will deliver the expected benefits. The program could inadvertently enhance stock price volatility and, if terminated, might lead to a decline in trading prices. Additionally, executing this program will deplete the company’s cash reserves, raising concerns about its overall financial strategy.
The average DVAX stock price target is $27.67, implying 112.68% upside potential.
To learn more about Dynavax Technologies’ risk factors, click here.
