MRNA high price? I'm not seeing that, but clearly I'm missing something.
I see an 18 PE with a 57% 3 year average growth rate (top line) and a 1 year growth rate that is obscene (4,695%).
What am I missing? With a PE at such a discount to the overall market, it seems the market is throwing cold water on the idea that the MRNA approach is actually effective. Is that possible? If that's not what the market is signalling, what is it? We're all guessing so don't worry, I'm not trying to be political, just trying to make some money.
Disclosure: I'm short puts in MRNA. They are in the money now, so I'm effectively long.