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Finance reports profit margins at around 11%. Moderna also bought back $600 million worth of MRNA stock during Q2 2023. Companies routinely perform stock buybacks when management believes shares are undervalued. The company held $14 billion in cash on its balance sheet at the end of Q2 2023 with $1.7 billion in long term debt. I expect net profit margins to improve drastically heading into the end of Q3 2023 once the fall COVID-19 wave arrives. Have Moderna Shares Bottomed Due to a Projected COVID-19 Fall Wave?Health experts are predicting a massive spike in COVID-19 cases starting around September 1st as the weather changes and everyone heads back to school and the workplace. The newest COVID-19 variant, Eris, has caused a spike in COVID-19 cases worldwide with countries such as the United States, Canada, United Kingdom, and many others reporting spikes in cases and hospitalizations. Moderna made a swift move by working on its most recent vaccine to fight Eris and early