Annexon Inc (NASDAQ: ANNX) closed the day trading at $6.63 down -7.53% from the previous closing price of $7.17. In other words, the price has decreased by -$0.54 from its previous closing price. On the day, 2028721 shares were traded.
Ratios:
For a better understanding of ANNX, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 14.72 and its Current Ratio is at 14.72. In the meantime, Its Debt-to-Equity ratio is 0.13 whereas as Long-Term Debt/Eq ratio is at 0.12.
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:
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 Feb 20 ’24 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 ’24. The EVP & CHIEF FINANCIAL OFFICER now owns 82,058 shares after completing the transaction at $5.53 per share. On Feb 20 ’24, 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 595.97M and an Enterprise Value of 367.61M.
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 5.45, while the 200-Day Moving Average is calculated to be 3.59.
Shares Statistics:
Over the past 3-months, ANNX traded about 1.52M shares per day on average, while over the past 10 days, ANNX traded about 2.78M shares per day. A total of 78.37M shares are outstanding, with a floating share count of 61.70M. Insiders hold about 21.24% of the company’s shares, while institutions hold 88.94% stake in the company. Shares short for ANNX as of Mar 15, 2024 were 2.49M with a Short Ratio of 1.64, compared to 1.99M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.18% and a Short% of Float of 3.54%.
Earnings Estimates
Current recommendations for the stock of the company come from 8 analysts. On average, analysts expect EPS of -$0.36 for the current quarter, with a high estimate of -$0.26 and a low estimate of -$0.56, while EPS last year was -$0.52. The consensus estimate for the next quarter is -$0.38, with high estimates of -$0.28 and low estimates of -$0.59.
Analysts are recommending an EPS of between -$1.12 and -$2.26 for the fiscal current year, implying an average EPS of -$1.56. EPS for the following year is -$1.64, with 8 analysts recommending between -$1.06 and -$2.93.
