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Pfizer Inc. (PFE) live price

Discover historical price data for Pfizer Inc. stocks and take your profit on price changes.

PFE

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44.14 USD 0.868375%
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During the coronavirus pandemic, investors focused on companies that were involved in the development of the COVID-19 vaccine. In 2020-2022, Pfizer stock gained popularity among traders. This company in addition to the coronavirus vaccine produces medicines to treat various diseases. Stable income and constant development make Pfizer stock a promising asset for investment.

Pfizer company

Basic information about the company

Pfizer is one of the largest biopharmaceutical companies in the world. Its history began in 1849 in New York. The founders of Pfizer are Charles Fizer and Charles Ehrhardt. At the beginning of its activity, the pharma company was producing the antiparasitic drug "santonin", which quickly began to gain popularity. The company grew steadily and expanded its laboratory and factory.

By 1950. Pfizer had a presence in Canada, Mexico, the United Kingdom, Brazil, Turkey, and other countries. In 2017, the company became part of the Milner Therapeutics Consortium, a global therapeutic society. Its members can share with each other the expertise and scientific data needed to produce drugs.

Pfizer stock is available to investors on international stock exchanges. Investors were particularly interested in the securities of the pharmaceutical giant during the coronavirus pandemic. During the development of a vaccine against COVID-19 the progress of drug trials and sales of the finished product influenced the Pfizer stock price.

The company's products

The company develops drugs, vaccines, and vitamins. Pfizer produces drugs that are used to treat dermatological, oncological, infectious, and other diseases. The pharmacological giant is constantly expanding, and acquiring new companies. This allows Pfizer to add new drugs to its list of products.

In 2020. Pfizer, along with Fosun Pharma, was acquired by BioNTech to develop the COVID-19 vaccine. This drug has become one of the most well-known and sought-after coronavirus vaccines in the world. In November 2021, the pharmaceutical company began developing a new formula. This was necessary to create a vaccine to fight the rapidly spreading Omicron strain.

The latest news about Pfizer

After the start of the special operation in Ukraine, Pfizer announced the cessation of investment in the Russian market. However, the company plans to continue supplying medicines to Russia. Representatives of the pharmaceutical corporation explained this decision by its principles of prioritizing patients' health. Pfizer's management added that the money earned from the sale of drugs on the Russian market will be used to provide humanitarian aid to Ukrainians.

The drug maker forecasts that in 2022, the vaccine from COVID-19 will bring the company a profit of about $ 32 billion. Also in the forecast is presented an estimated revenue of about $ 22 billion from the sale of the drug Paxlovid. These expectations are based on contracts awarded through mid-April. The company anticipates that actual earnings may differ from the projected earnings. Pfizer's revenue depends on the rate of growth of COVID-19 infections.

Pfizer Inc. has acquired Arena Pharmaceuticals, a U.S. pharmaceutical company. The deal amounted to $6.7 billion. The bought company develops drugs to treat diseases of the immune, cardiovascular and digestive systems. Pfizer also announces plans to buy ReViral (developer of medicines against the respiratory syncytial virus).

✅ Benefits of investing in Pfizer

  • The company pays dividends to shareholders.
  • The pharma company's actual financial results in the first quarter of 2022 were higher than forecasted.
  • Some experts are predicting a rise in PFE's share price to $72.2. However, investors are advised to analyze the situation in the stock market and read the forecasts of various analysts before buying an asset.
  • Pfizer's capitalization is up 45% in 2021.

❌ Disadvantages of investing in Pfizer

  • Since the middle of April, Pfizer's stock has started to fall in price. The price of the company's securities depends on the results of drug trials, sales volumes, etc.
  • Pfizer is facing increased competition in the pharmaceutical industry.

Financial performance

In the first quarter of 2022, the pharmaceutical giant exceeded experts' expectations for revenue. This indicator increased by 77% as compared to the same period last year and reached $25.7 billion. Quarterly revenue of $970 million exceeded experts' forecasts. The adjusted net income for 3 months increased by 74%, reaching $9.34 billion. The earnings per share of Pfizer amounted to $1.62.

Pfizer's vaccine brought the pharmaceutical corporation quarterly revenue of $13.2 billion. Last quarter, this figure was $12.5 billion. The oncology segment for the first 3 months of 2022 increased its revenue by 3.7%, earning $2.97 billion. The internal medicine division reported a 6% decrease in revenue, to $2.44 billion.

COVID-19's Paxlovid tablets were approved in late 2021. During the first quarter of 2022, sales of that drug brought the company $1.47 billion. The pharmaceutical giant is projecting annual sales of Paxlovid at $22 billion.

Answers to Frequently Asked Questions

How has the COVID-19 pandemic affected Pfizer's stock price?

In March 2020, Pfizer stock was trading at $30. The stock began to actively rise in June 2021. When the coronavirus vaccine began to be in demand, PFE's stock climbed above $50 and reached a price level of $58 in December 2021.

How does an individual invest in Pfizer stock?

To trade Pfizer stock, log into your personal DotBig account and make an initial deposit.

How has Pfizer's stock price changed over the last year?

In May 2021, Pfizer stock was worth $39. In May 2022, the quote rose to $48.

Is it possible to trade Pfizer stock in automatic mode?

You can trade in automatic mode on the DotBig copy trading platform. You can also connect trading signals or use trading robots.

What other companies in the healthcare sector can I choose to invest in?

Zogenix, Vaxart, Biogen, and ALX Oncology Holdings also operate in the healthcare sector.

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AnnLightner $63,842.90
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