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John N. Spencer Jr., a director at GeoVax Labs, Inc. (NASDAQ:GOVX), recently purchased 10,000 shares of the company's common stock. The transaction, which took place on April 10, 2025, was executed at a price of $0.98 per share, amounting to a total investment of $9,800. Following this acquisition, Spencer's direct ownership in GeoVax Labs stands at 11,402 shares. The purchase price represents a significant discount to the current trading price of $1.07 and analyst targets ranging from $8 to $20.
GeoVax Labs, a company based in Smyrna, Georgia, is involved in the development of vaccines and immunotherapies. With a market capitalization of $14.67 million, InvestingPro analysis suggests the stock is currently undervalued. This recent purchase by a board member could be seen as a vote of confidence in the company's future prospects, particularly noteworthy given the company's strong balance sheet with cash exceeding debt. For deeper insights into insider trading patterns and 12+ additional ProTips, explore the comprehensive GeoVax Pro Research Report, available exclusively on InvestingPro.
In other recent news, GeoVax Labs Inc. reported its financial results for the full year 2024, highlighting a net loss of $25 million, or $4.82 per share, on revenues of $4 million from its BARDA contract. The company faced significant research and development expenses, which increased by 14% to $23.7 million, contributing to the financial strain. GeoVax's cash balance was reported at $5.5 million as of December 31, 2024. The company's strategic focus includes the initiation of clinical trials for its COVID-19 vaccine CM04S1 and MPOX vaccine, with plans to explore strategic partnerships and funding strategies. GeoVax continues to receive support from BARDA despite uncertainties in Washington, with ongoing discussions about emergency use licensing of the MPOX vaccine. The company aims to address unmet medical needs with its innovative vaccine pipeline, and its future guidance includes advancing clinical trials and exploring strategic partnerships.
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