Closing Figures: Annexon Inc (ANNX)’s Negative Finish at 4.98, Down -4.23

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After finishing at $5.20 in the prior trading day, Annexon Inc (NASDAQ: ANNX) closed at $4.98, down -4.23%. In other words, the price has decreased by -$4.23 from its previous closing price. On the day, 2.55 million shares were traded. ANNX stock price reached its highest trading level at $5.3 during the session, while it also had its lowest trading level at $4.93.

Ratios:

Our goal is to gain a better understanding of ANNX by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 20.62 and its Current Ratio is at 20.62. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.11.

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 Jun 03 ’24 when Carson William H. bought 3,200 shares for $4.83 per share. The transaction valued at 15,459 led to the insider holds 9,600 shares of the business.

Carson William H. bought 3,200 shares of ANNX for $14,982 on May 01 ’24. The Director now owns 6,400 shares after completing the transaction at $4.68 per share. On Apr 08 ’24, another insider, Carson William H., who serves as the Director of the company, bought 3,200 shares for $6.07 each. As a result, the insider paid 19,411 and bolstered with 3,200 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 524961728 and an Enterprise Value of 226053072.

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 -1.49%, while the 200-Day Moving Average is calculated to be 22.10%.

Shares Statistics:

The stock has traded on average 2.92M shares per day over the past 3-months and 2246890 shares per day over the last 10 days, according to various share statistics. A total of 78.37M shares are outstanding, with a floating share count of 69.29M. Insiders hold about 23.98% of the company’s shares, while institutions hold 86.05% stake in the company. Shares short for ANNX as of 1715731200 were 7569377 with a Short Ratio of 2.49, compared to 1713139200 on 4142098. Therefore, it implies a Short% of Shares Outstanding of 7569377 and a Short% of Float of 10.09.

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