As the world becomes increasingly uncertain, Axsome Therapeutics Inc. (AXSM) offers stability

The closing price of Axsome Therapeutics Inc. (NASDAQ: AXSM) was $57.25 for the day, up 1.92% from the previous closing price of $56.17. In other words, the price has increased by $+1.08 from its previous closing price. On the day, 1173918 shares were traded. AXSM stock price reached its highest trading level at $57.95 during the session, while it also had its lowest trading level at $55.26.

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Our analysis of AXSM’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 4.20 and its Current Ratio is at 4.20. In the meantime, Its Debt-to-Equity ratio is 0.60 whereas as Long-Term Debt/Eq ratio is at 0.60.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Loop Capital on November 01, 2022, initiated with a Buy rating and assigned the stock a target price of $95.

Morgan Stanley Downgraded its Overweight to Equal-Weight on August 10, 2021, whereas the target price for the stock was revised from $105 to $34.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 91.73 while its Price-to-Book (P/B) ratio in mrq is 15.19.

Stock Price History:

Over the past 52 weeks, AXSM has reached a high of $71.98, while it has fallen to a 52-week low of $20.63. The 50-Day Moving Average of the stock is 50.45, while the 200-Day Moving Average is calculated to be 40.59.

Shares Statistics:

AXSM traded an average of 1.76M shares per day over the past three months and 1.44M shares per day over the past ten days. A total of 41.70M shares are outstanding, with a floating share count of 35.41M. Insiders hold about 18.46% of the company’s shares, while institutions hold 60.50% stake in the company. Shares short for AXSM as of Oct 13, 2022 were 5.74M with a Short Ratio of 6.23M, compared to 5.7M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 13.38% and a Short% of Float of 16.45%.

Earnings Estimates

The firm’s stock currently is rated by 13 analysts. On average, analysts expect EPS of -$1.08 for the current quarter, with a high estimate of -$0.84 and a low estimate of -$1.63, while EPS last year was -$0.93. The consensus estimate for the next quarter is -$1.03, with high estimates of -$0.68 and low estimates of -$1.72.

Analysts are recommending an EPS of between -$3.45 and -$5.98 for the fiscal current year, implying an average EPS of -$4.27. EPS for the following year is -$2.62, with 13 analysts recommending between -$0.5 and -$5.

Revenue Estimates

Based on 14 analysts’ estimates, the company’s revenue will be $190.24M in the next fiscal year. The high estimate is $331.5M and the low estimate is $120.3M. The average revenue growth estimate for next year is up 274.90% from the average revenue estimate for this year.