The closing price of Annexon Inc (NASDAQ: ANNX) was $6.19 for the day, down -2.98% from the previous closing price of $6.38. In other words, the price has decreased by -$0.19 from its previous closing price. On the day, 1016994 shares were traded. ANNX stock price reached its highest trading level at $6.34 during the session, while it also had its lowest trading level at $6.03.
Ratios:
Our analysis of ANNX’s different ratios will help us gain a deeper understanding of the company. 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:
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 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 555.46M and an Enterprise Value of 327.10M.
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 5.53, while the 200-Day Moving Average is calculated to be 3.61.
Shares Statistics:
ANNX traded an average of 1.59M shares per day over the past three months and 2.7M shares per day over the past ten days. 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 88.96% stake in the company. Shares short for ANNX as of Mar 15, 2024 were 2.49M with a Short Ratio of 1.57, 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
The firm’s stock currently is rated by 7 analysts. On average, analysts expect EPS of -$0.34 for the current quarter, with a high estimate of -$0.26 and a low estimate of -$0.4, while EPS last year was -$0.52. The consensus estimate for the next quarter is -$0.36, with high estimates of -$0.28 and low estimates of -$0.44.
Analysts are recommending an EPS of between -$1.12 and -$2.26 for the fiscal current year, implying an average EPS of -$1.54. EPS for the following year is -$1.65, with 7 analysts recommending between -$1.06 and -$2.93.
