After finishing at $6.29 in the prior trading day, Annexon Inc (NASDAQ: ANNX) closed at $6.08, down -3.34%. In other words, the price has decreased by -$0.21 from its previous closing price. On the day, 1582571 shares were traded. ANNX stock price reached its highest trading level at $6.33 during the session, while it also had its lowest trading level at $5.78.
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Ratios:
Our goal is to gain a better understanding of ANNX by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 9.85 and its Current Ratio is at 9.85. In the meantime, Its Debt-to-Equity ratio is 0.20 whereas as Long-Term Debt/Eq ratio is at 0.19.
On December 21, 2023, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $4 to $6.
On October 30, 2023, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $11.Wells Fargo initiated its Overweight rating on October 30, 2023, with a $11 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 Feb 20 ’24 when Yednock Ted sold 2,604 shares for $5.51 per share. The transaction valued at 14,348 led to the insider holds 72,471 shares of the business.
Lew Jennifer sold 2,593 shares of ANNX for $14,339 on Feb 20 ’24. The EVP & CHIEF FINANCIAL OFFICER now owns 82,058 shares after completing the transaction at $5.53 per share. On Feb 20 ’24, another insider, Overdorf Michael, who serves as the EVP & CHIEF BUSINESS OFFICER of the company, sold 1,951 shares for $5.48 each. As a result, the insider received 10,691 and left with 85,641 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ANNX now has a Market Capitalization of 491.56M and an Enterprise Value of 357.80M.
Stock Price History:
Over the past 52 weeks, ANNX has reached a high of $7.00, while it has fallen to a 52-week low of $1.57. The 50-Day Moving Average of the stock is 4.98, while the 200-Day Moving Average is calculated to be 3.39.
Shares Statistics:
The stock has traded on average 1.52M shares per day over the past 3-months and 2.5M shares per day over the last 10 days, according to various share statistics. A total of 78.34M shares are outstanding, with a floating share count of 61.70M. Insiders hold about 21.24% of the company’s shares, while institutions hold 88.94% stake in the company. Shares short for ANNX as of Feb 29, 2024 were 1.95M with a Short Ratio of 1.28, compared to 2.42M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.49% and a Short% of Float of 2.77%.
Earnings Estimates
Its stock is currently analyzed by 8 different market analysts. On average, analysts expect EPS of -$0.44 for the current quarter, with a high estimate of -$0.31 and a low estimate of -$0.53, while EPS last year was -$0.48. The consensus estimate for the next quarter is -$0.39, with high estimates of -$0.3 and low estimates of -$0.56.
Analysts are recommending an EPS of between -$1.69 and -$1.95 for the fiscal current year, implying an average EPS of -$1.85. EPS for the following year is -$1.76, with 8 analysts recommending between -$1.14 and -$2.25.
