The closing price of Anavex Life Sciences Corporation (NASDAQ: AVXL) was $4.82 for the day, down -5.68% from the previous closing price of $5.11. In other words, the price has decreased by -$0.2900 from its previous closing price. On the day, 1533892 shares were traded.
Ratios:
Our analysis of AVXL’s different ratios will help us gain a deeper understanding of the company. 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:
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 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 395.78M and an Enterprise Value of 252.02M.
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 5.7043, while the 200-Day Moving Average is calculated to be 7.1038.
Shares Statistics:
AVXL traded an average of 1.57M shares per day over the past three months and 1.78M shares per day over the past ten days. 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 29, 2024 were 20.02M with a Short Ratio of 12.76, compared to 20.13M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 24.38% and a Short% of Float of 25.18%.
Earnings Estimates
The firm’s stock currently is rated by 2 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.
