Vaxart, Inc., a biotechnology company based in South San Francisco, USA, has been navigating a challenging financial landscape as it continues to focus on the development and marketing of its innovative oral flu vaccines. These vaccines are designed to stimulate the immune system of the gut, generating both systemic and mucosal immune responses, a novel approach in the field of immunization.

As of the most recent trading session on December 10, 2025, Vaxart’s stock (NASDAQ: VXRT) closed at $0.37. This price places the stock below its 52-week low of $0.26, which was recorded on July 8, 2025. The company’s stock has also significantly underperformed compared to its 52-week high of $0.98, achieved on January 6, 2025. This downward trajectory is indicative of the challenges the company faces in the current market environment.

The company’s financial metrics reflect a challenging earnings environment. Vaxart’s price-to-earnings (P/E) ratio stands at -1.64, highlighting the absence of positive earnings and suggesting limited profitability. This negative P/E ratio is a critical factor for investors, as it implies that the company is not currently generating profits, which may constrain its potential for stock price appreciation under existing market conditions.

Despite these challenges, the market values Vaxart at approximately three times its book value, as indicated by its price-to-book ratio of 3.24742. This suggests that investors may still see potential in the company’s long-term prospects, particularly given its innovative approach to vaccine development.

Recent technical analysis has raised concerns about the stock’s near-term performance. According to American Banking News, VXRT’s price has slipped beneath its 200-day moving average, a technical indicator often interpreted as a bearish signal by chartists. This development suggests a continuation of the recent downside momentum, with the stock trading near a significant support zone. Investors and analysts will be closely monitoring these technical signals to gauge the potential for further declines or a possible reversal.

Vaxart’s market capitalization stands at $87.2 million, reflecting the current valuation of the company in the market. As Vaxart continues to serve its global customer base through its website, the company remains focused on advancing its oral vaccine technology, which could play a crucial role in its future growth and market positioning.

In summary, while Vaxart faces significant financial and technical challenges, its innovative approach to vaccine development may offer a pathway to future growth. Investors will need to weigh the current negative earnings environment against the potential long-term benefits of the company’s unique product offerings.