After finishing at $5.45 in the prior trading day, Anavex Life Sciences Corporation (NASDAQ: AVXL) closed at $5.19, down -4.77%. In other words, the price has decreased by -$0.26 from its previous closing price. On the day, 1440970 shares were traded.
Ratios:
Our goal is to gain a better understanding of AVXL by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 11.85 and its Current Ratio is at 11.85. 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 Jun 28 ’23 when MISSLING CHRISTOPHER U sold 268,000 shares for $7.98 per share. The transaction valued at 2,139,310 led to the insider holds 1,018,210 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AVXL now has a Market Capitalization of 448.33M and an Enterprise Value of 304.57M.
Stock Price History:
Over the past 52 weeks, AVXL has reached a high of $10.45, while it has fallen to a 52-week low of $4.80. The 50-Day Moving Average of the stock is 6.04, while the 200-Day Moving Average is calculated to be 7.23.
Shares Statistics:
The stock has traded on average 1.47M shares per day over the past 3-months and 1.17M shares per day over the last 10 days, according to various share statistics. A total of 82.07M shares are outstanding, with a floating share count of 79.52M. Insiders hold about 3.16% of the company’s shares, while institutions hold 31.64% stake in the company. Shares short for AVXL as of Feb 15, 2024 were 19.89M with a Short Ratio of 13.49, compared to 20.66M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 24.22% and a Short% of Float of 25.02%.
Earnings Estimates
Its stock is currently analyzed by 2 different market analysts. On average, analysts expect EPS of -$0.11 for the current quarter, with a high estimate of -$0.09 and a low estimate of -$0.13, while EPS last year was -$0.17. The consensus estimate for the next quarter is -$0.12, with high estimates of -$0.09 and low estimates of -$0.15.
Analysts are recommending an EPS of between -$0.39 and -$0.57 for the fiscal current year, implying an average EPS of -$0.48. EPS for the following year is -$0.64, with 2 analysts recommending between -$0.41 and -$0.87.
