Annexon Inc (ANNX) Stock Price Peaks at $5.61 During Trading

In other words, the price has increased by $0.00 from its previous closing price. On the day, 632547 shares were traded. ANNX stock price reached its highest trading level at $5.61 during the session, while it also had its lowest trading level at $5.38.

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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 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.

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, BofA Securities on December 21, 2023, Upgraded its rating to Buy and sets its target price to $6 from $4 previously.

On October 30, 2023, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $11.

BofA Securities Downgraded its Buy to Neutral on May 26, 2023, whereas the target price for the stock was revised from $8 to $3.

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 Feb 20 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. The EVP & CHIEF FINANCIAL OFFICER now owns 82,058 shares after completing the transaction at $5.53 per share. On Feb 20, 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 429.33M and an Enterprise Value of 295.57M.

Stock Price History:

Over the past 52 weeks, ANNX has reached a high of $6.67, while it has fallen to a 52-week low of $1.57. The 50-Day Moving Average of the stock is 4.53, while the 200-Day Moving Average is calculated to be 3.34.

Shares Statistics:

According to the various share statistics, ANNX traded on average about 1.05M shares per day over the past 3-months and 901.16k shares per day over the past 10 days. 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 89.16% stake in the company. Shares short for ANNX as of Feb 15, 2024 were 1.99M with a Short Ratio of 1.90, compared to 2.27M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.55% and a Short% of Float of 2.84%.

Earnings Estimates

The company has 7 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.48 for the current quarter, with a high estimate of -$0.41 and a low estimate of -$0.6, while EPS last year was -$0.48. The consensus estimate for the next quarter is -$0.45, with high estimates of -$0.41 and low estimates of -$0.5.

Analysts are recommending an EPS of between -$1.83 and -$2.03 for the fiscal current year, implying an average EPS of -$1.9. EPS for the following year is -$1.83, with 7 analysts recommending between -$1.36 and -$2.25.

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