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The closing price of Annexon Inc (NASDAQ: ANNX) was $7.40 for the day, down -0.54% from the previous closing price of $7.44. In other words, the price has decreased by -$0.54 from its previous closing price. On the day, 0.53 million shares were traded. ANNX stock price reached its highest trading level at $7.58 during the session, while it also had its lowest trading level at $7.3514.
Ratios:
Our analysis of ANNX’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 21.81 and its Current Ratio is at 21.81. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.08.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Oct 15 ’24 when Yednock Ted sold 5,408 shares for $7.41 per share. The transaction valued at 40,073 led to the insider holds 71,365 shares of the business.
Yednock Ted bought 5,408 shares of ANNX for $40,073 on Oct 15 ’24. On Oct 01 ’24, another insider, Carson William H., who serves as the Director of the company, bought 3,200 shares for $5.97 each. As a result, the insider paid 19,104 and bolstered with 22,400 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 781839616 and an Enterprise Value of 443343328.
Stock Price History:
Over the past 52 weeks, ANNX has reached a high of $8.40, while it has fallen to a 52-week low of $1.78. The 50-Day Moving Average of the stock is 13.09%, while the 200-Day Moving Average is calculated to be 31.73%.
Shares Statistics:
ANNX traded an average of 1.22M shares per day over the past three months and 1028990 shares per day over the past ten days. A total of 105.65M shares are outstanding, with a floating share count of 83.99M. Insiders hold about 20.51% of the company’s shares, while institutions hold 86.39% stake in the company. Shares short for ANNX as of 1728950400 were 8916910 with a Short Ratio of 7.31, compared to 1726185600 on 6886657. Therefore, it implies a Short% of Shares Outstanding of 8916910 and a Short% of Float of 10.100000000000001.
