Are analysts optimistic about Anavex Life Sciences Corp.’s (NASDAQ:AVXL) stock?

Anavex Life Sciences Corp. (NASDAQ: AVXL) closed the day trading at $9.36 down -1.78% from the previous closing price of $9.53. In other words, the price has decreased by -$0.17 from its previous closing price. On the day, 1395501 shares were traded. AVXL stock price reached its highest trading level at $9.51 during the session, while it also had its lowest trading level at $9.15.

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For a better understanding of AVXL, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 11.20 and its Current Ratio is at 11.20. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

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 the company, Cantor Fitzgerald on December 06, 2022, Downgraded its rating to Neutral and sets its target price to $11 from $16 previously.

On June 23, 2022, Berenberg started tracking the stock assigning a Buy rating and target price of $40.

On September 23, 2021, BTIG Research started tracking the stock assigning a Buy rating and target price of $35.BTIG Research initiated its Buy rating on September 23, 2021, with a $35 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 25 when Skarpelos Athanasios sold 50,000 shares for $9.06 per share. The transaction valued at 453,000 led to the insider holds 1,306,458 shares of the business.

Stock Price History:

Over the past 52 weeks, AVXL has reached a high of $15.24, while it has fallen to a 52-week low of $7.13. The 50-Day Moving Average of the stock is 10.26, while the 200-Day Moving Average is calculated to be 10.33.

Shares Statistics:

Over the past 3-months, AVXL traded about 1.22M shares per day on average, while over the past 10 days, AVXL traded about 1.2M shares per day. A total of 77.98M shares are outstanding, with a floating share count of 75.61M. Insiders hold about 3.04% of the company’s shares, while institutions hold 32.10% stake in the company. Shares short for AVXL as of Jan 12, 2023 were 18.37M with a Short Ratio of 16.32M, compared to 15.78M on Dec 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 23.56% and a Short% of Float of 24.23%.

Earnings Estimates

Current recommendations for the stock of the company come from 3 analysts. On average, analysts expect EPS of -$0.19 for the current quarter, with a high estimate of -$0.18 and a low estimate of -$0.2, while EPS last year was -$0.14. The consensus estimate for the next quarter is -$0.2, with high estimates of -$0.18 and low estimates of -$0.21.

Analysts are recommending an EPS of between -$0.64 and -$0.89 for the fiscal current year, implying an average EPS of -$0.77. EPS for the following year is -$0.6, with 5 analysts recommending between -$0.37 and -$0.77.