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The price of Annexon Inc (NASDAQ: ANNX) closed at $5.97 in the last session, down -2.13% from day before closing price of $6.10. In other words, the price has decreased by -$2.13 from its previous closing price. On the day, 1.06 million shares were traded. ANNX stock price reached its highest trading level at $6.01 during the session, while it also had its lowest trading level at $5.6904.
Ratios:
We take a closer look at ANNX’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 20.62 and its Current Ratio is at 20.62. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.11.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jul 15 ’24 when Yednock Ted sold 1,106 shares for $6.02 per share. The transaction valued at 6,658 led to the insider holds 71,365 shares of the business.
Lew Jennifer sold 1,104 shares of ANNX for $6,657 on Jul 15 ’24. The EVP & CHIEF FINANCIAL OFFICER now owns 86,468 shares after completing the transaction at $6.03 per share. On Jul 15 ’24, another insider, Overdorf Michael, who serves as the EVP & CHIEF BUSINESS OFFICER of the company, sold 784 shares for $6.02 each. As a result, the insider received 4,720 and left with 94,622 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 629321536 and an Enterprise Value of 317541824.
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 $1.57. The 50-Day Moving Average of the stock is 10.20%, while the 200-Day Moving Average is calculated to be 31.31%.
Shares Statistics:
According to the various share statistics, ANNX traded on average about 2.86M shares per day over the past 3-months and 1237310 shares per day over the past 10 days. A total of 105.41M shares are outstanding, with a floating share count of 83.48M. Insiders hold about 20.81% of the company’s shares, while institutions hold 74.63% stake in the company. Shares short for ANNX as of 1721001600 were 5838141 with a Short Ratio of 2.04, compared to 1718323200 on 4053215. Therefore, it implies a Short% of Shares Outstanding of 5838141 and a Short% of Float of 6.6300004999999995.
