Novavax (NASDAQ: NVAX) investors are looking at a share price decline of more than 90% over the past 12 months, and the shares are now trading close to their 52-week low. Though it successfully commercialized its Nuvaxovid jab in a slew of countries for primary series COVID-19 vaccinations, and also for booster vaccinations, the biotech is struggling to find a profitable future amid declining demand and persistent problems with its manufacturing operations.
The risk of this company failing to make a turnaround appears high. But savvy investors recognize that there’s often an opportunity for significant returns on investment when the general market sentiment about a business is poorer than is…
