The price of Annexon Inc (NASDAQ: ANNX) closed at $6.80 in the last session, up 11.66% from day before closing price of $6.09. In other words, the price has increased by $+0.71 from its previous closing price. On the day, 5166282 shares were traded.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.
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 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 532.65M and an Enterprise Value of 398.89M.
Stock Price History:
Over the past 52 weeks, ANNX has reached a high of $7.00, while it has fallen to a 52-week low of $1.57. The 50-Day Moving Average of the stock is 5.11, while the 200-Day Moving Average is calculated to be 3.45.
Shares Statistics:
According to the various share statistics, ANNX traded on average about 1.37M shares per day over the past 3-months and 2.97M 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 88.94% stake in the company. Shares short for ANNX as of Feb 29, 2024 were 1.95M with a Short Ratio of 1.42, compared to 2.42M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.49% and a Short% of Float of 2.77%.
Earnings Estimates
The company has 8 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.44 for the current quarter, with a high estimate of -$0.31 and a low estimate of -$0.53, while EPS last year was -$0.48. The consensus estimate for the next quarter is -$0.39, with high estimates of -$0.3 and low estimates of -$0.56.
Analysts are recommending an EPS of between -$1.69 and -$1.95 for the fiscal current year, implying an average EPS of -$1.85. EPS for the following year is -$1.76, with 8 analysts recommending between -$1.14 and -$2.25.
