(MRNA) Moderna - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US60770K1079

Vaccines, Respiratory, Oncology, Rare-Disease, Therapeutics

EPS (Earnings per Share)

EPS (Earnings per Share) of MRNA over the last years for every Quarter: "2020-12": -0.69, "2021-03": 2.84, "2021-06": 6.46, "2021-09": 7.7, "2021-12": 11.29, "2022-03": 8.58, "2022-06": 5.24, "2022-09": 2.53, "2022-12": 3.61, "2023-03": 0.19, "2023-06": -3.62, "2023-09": -9.53, "2023-12": 0.55, "2024-03": -3.07, "2024-06": -3.33, "2024-09": 0.03, "2024-12": -2.91, "2025-03": -2.52, "2025-06": -2.13, "2025-09": -0.51, "2025-12": 0,

Revenue

Revenue of MRNA over the last years for every Quarter: 2020-12: 570.745, 2021-03: 1743, 2021-06: 4215, 2021-09: 4829, 2021-12: 6949, 2022-03: 5940, 2022-06: 4566, 2022-09: 3220, 2022-12: 5149, 2023-03: 1838, 2023-06: 344, 2023-09: 1831, 2023-12: 2813, 2024-03: 167, 2024-06: 221, 2024-09: 1855, 2024-12: 956, 2025-03: 107, 2025-06: 142, 2025-09: 1016, 2025-12: null,

Dividends

Currently no dividends paid
Risk via 5d forecast
Volatility 106%
Value at Risk 5%th 150%
Relative Tail Risk -13.73%
Reward TTM
Sharpe Ratio 0.71
Alpha 25.13
CAGR/Max DD -0.40
Character TTM
Hurst Exponent 0.434
Beta 1.330
Beta Downside 0.988
Drawdowns 3y
Max DD 88.43%
Mean DD 59.50%
Median DD 59.35%

Description: MRNA Moderna January 02, 2026

Moderna, Inc. (NASDAQ: MRNA) is a U.S.-based biotechnology firm that develops messenger-RNA (mRNA) medicines across several therapeutic areas, including respiratory, latent, enteric, public-health, bacterial, oncology, and rare-disease indications. Its product portfolio spans the Spikevax COVID-19 vaccine, RSV and seasonal-influenza candidates, latent-virus vaccines (CMV, EBV, HSV, VZV, HIV), a norovirus vaccine, and a pipeline of bacterial (e.g., Lyme) and oncology (individualized neoantigen, checkpoint-modulating) therapies.

As of FY 2023, Moderna reported approximately $19 billion in total revenue, with mRNA vaccine sales accounting for roughly $14 billion, reflecting a year-over-year growth rate of about 30 % driven by continued COVID-19 booster demand and the rollout of its RSV vaccine. The company’s R&D spend remains high (~ $2.5 billion), underscoring the capital-intensive nature of expanding the mRNA platform into new indications. A key sector driver is the accelerating acceptance of mRNA technology by regulators and payers, which is expanding the addressable market for both infectious-disease vaccines and personalized oncology treatments.

For a deeper quantitative dive into Moderna’s valuation metrics and scenario analysis, you might explore the data and tools available on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 1.5

Net Income: -3.12b TTM > 0 and > 6% of Revenue
FCF/TA: -0.22 > 0.02 and ΔFCF/TA 3.09 > 1.0
NWC/Revenue: 221.4% < 20% (prev 147.6%; Δ 73.74% < -1%)
CFO/TA -0.16 > 3% & CFO -1.98b > Net Income -3.12b
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 3.93 > 1.5 & < 3
Outstanding Shares: last quarter (390.0m) vs 12m ago -2.26% < -2%
Gross Margin: 11.93% > 18% (prev 0.67%; Δ 1126 % > 0.5%)
Asset Turnover: 15.90% > 50% (prev 31.99%; Δ -16.09% > 0%)
Interest Coverage Ratio: -393.1 > 6 (EBITDA TTM -2.94b / Interest Expense TTM 8.00m)

Altman Z'' 6.33

A: 0.41 (Total Current Assets 6.60b - Total Current Liabilities 1.68b) / Total Assets 12.13b
B: 0.66 (Retained Earnings 8.05b / Total Assets 12.13b)
C: -0.23 (EBIT TTM -3.15b / Avg Total Assets 13.97b)
D: 2.88 (Book Value of Equity 8.08b / Total Liabilities 2.81b)
Altman-Z'' Score: 6.33 = AAA

Beneish M 1.00

DSRI: 1.73 (Receivables 1.39b/1.84b, Revenue 2.22b/5.06b)
GMI: 5.64 (GM 11.93% / 67.29%)
AQI: 1.17 (AQ_t 0.22 / AQ_t-1 0.19)
SGI: 0.44 (Revenue 2.22b / 5.06b)
TATA: -0.09 (NI -3.12b - CFO -1.98b) / TA 12.13b)
Beneish M-Score: 1.38 = D

ValueRay F-Score (Strict, 0-100) 20.76

1. Piotroski: 1.50pt
2. FCF Yield: -21.18%
3. FCF Margin: data missing
4. Debt/Equity: 0.08
5. Debt/Ebitda: data missing
6. ROIC - WACC: -35.43%
7. RoE: -31.40%
8. Revenue Trend: -70.39%
9. EPS Trend: -59.06%

What is the price of MRNA shares?

As of January 23, 2026, the stock is trading at USD 51.87 with a total of 33,813,916 shares traded.
Over the past week, the price has changed by +31.78%, over one month by +48.62%, over three months by +93.18% and over the past year by +34.73%.

Is MRNA a buy, sell or hold?

Moderna has received a consensus analysts rating of 3.22. Therefor, it is recommend to hold MRNA.
  • Strong Buy: 5
  • Buy: 1
  • Hold: 17
  • Sell: 3
  • Strong Sell: 1

What are the forecasts/targets for the MRNA price?

Issuer Target Up/Down from current
Wallstreet Target Price 36.8 -29.1%
Analysts Target Price 36.8 -29.1%
ValueRay Target Price 44.5 -14.2%

MRNA Fundamental Data Overview January 19, 2026

P/E Forward = 32.4675
P/S = 7.3228
P/B = 1.7518
Revenue TTM = 2.22b USD
EBIT TTM = -3.15b USD
EBITDA TTM = -2.94b USD
Long Term Debt = 734.0m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 48.0m USD (from shortTermDebt, last quarter)
Debt = 734.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -399.0m USD (from netDebt column, last quarter)
Enterprise Value = 12.57b USD (16.34b + Debt 734.0m - CCE 4.50b)
Interest Coverage Ratio = -393.1 (Ebit TTM -3.15b / Interest Expense TTM 8.00m)
EV/FCF = -4.72x (Enterprise Value 12.57b / FCF TTM -2.66b)
FCF Yield = -21.18% (FCF TTM -2.66b / Enterprise Value 12.57b)
FCF Margin = -119.9% (FCF TTM -2.66b / Revenue TTM 2.22b)
Net Margin = -140.3% (Net Income TTM -3.12b / Revenue TTM 2.22b)
Gross Margin = 11.93% ((Revenue TTM 2.22b - Cost of Revenue TTM 1.96b) / Revenue TTM)
Gross Margin QoQ = 0.79% (prev 16.20%)
Tobins Q-Ratio = 1.04 (Enterprise Value 12.57b / Total Assets 12.13b)
Interest Expense / Debt = 1.09% (Interest Expense 8.00m / Debt 734.0m)
Taxrate = 21.0% (US default 21%)
NOPAT = -2.48b (EBIT -3.15b * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 3.93 (Total Current Assets 6.60b / Total Current Liabilities 1.68b)
Debt / Equity = 0.08 (Debt 734.0m / totalStockholderEquity, last quarter 9.33b)
Debt / EBITDA = 0.14 (negative EBITDA) (Net Debt -399.0m / EBITDA -2.94b)
Debt / FCF = 0.15 (negative FCF - burning cash) (Net Debt -399.0m / FCF TTM -2.66b)
Total Stockholder Equity = 9.92b (last 4 quarters mean from totalStockholderEquity)
RoA = -22.31% (Net Income -3.12b / Total Assets 12.13b)
RoE = -31.40% (Net Income TTM -3.12b / Total Stockholder Equity 9.92b)
RoCE = -29.51% (EBIT -3.15b / Capital Employed (Equity 9.92b + L.T.Debt 734.0m))
RoIC = -25.04% (negative operating profit) (NOPAT -2.48b / Invested Capital 9.92b)
WACC = 10.39% (E(16.34b)/V(17.08b) * Re(10.82%) + D(734.0m)/V(17.08b) * Rd(1.09%) * (1-Tc(0.21)))
Discount Rate = 10.82% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.63%
Fair Price DCF = unknown (Cash Flow -2.66b)
EPS Correlation: -59.06 | EPS CAGR: -15.44% | SUE: 3.51 | # QB: 1
Revenue Correlation: -70.39 | Revenue CAGR: -40.11% | SUE: 0.45 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-2.32 | Chg30d=+0.002 | Revisions Net=+1 | Analysts=5
EPS next Year (2026-12-31): EPS=-6.95 | Chg30d=+0.128 | Revisions Net=+4 | Growth EPS=+13.9% | Growth Revenue=+7.1%

Additional Sources for MRNA Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle