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After finishing at $5.41 in the prior trading day, Annexon Inc (NASDAQ: ANNX) closed at $5.59, up 3.33%. In other words, the price has increased by $3.33 from its previous closing price. On the day, 0.58 million shares were traded. ANNX stock price reached its highest trading level at $5.63 during the session, while it also had its lowest trading level at $5.31.
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 21.81 and its Current Ratio is at 21.81. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.08.
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 Sep 03 ’24 when Carson William H. bought 3,200 shares for $5.48 per share. The transaction valued at 17,536 led to the insider holds 19,200 shares of the business.
Yednock Ted sold 5,500 shares of ANNX for $32,725 on Aug 29 ’24. The EVP & CHIEF INNOVATION OFFICER now owns 15,500 shares after completing the transaction at $5.95 per share. On Aug 29 ’24, another insider, Yednock Ted, who serves as the Officer of the company, bought 5,500 shares for $5.95 each.
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 590605888 and an Enterprise Value of 233091936.
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 -0.52%, while the 200-Day Moving Average is calculated to be 12.88%.
Shares Statistics:
The stock has traded on average 2.63M shares per day over the past 3-months and 940610 shares per day over the last 10 days, according to various share statistics. A total of 105.65M shares are outstanding, with a floating share count of 83.92M. Insiders hold about 20.57% of the company’s shares, while institutions hold 86.20% stake in the company. Shares short for ANNX as of 1723680000 were 7274207 with a Short Ratio of 2.77, compared to 1721001600 on 5838141. Therefore, it implies a Short% of Shares Outstanding of 7274207 and a Short% of Float of 8.2399994.
Earnings Estimates
Current recommendations for the stock of the company come from 8.0 analysts. The consensus estimate for the next quarter is -$0.28, with high estimates of -$0.24 and low estimates of -$0.35.
Analysts are recommending an EPS of between -$0.9 and -$1.12 for the fiscal current year, implying an average EPS of -$0.98. EPS for the following year is -$1.14, with 8.0 analysts recommending between -$0.61 and -$1.35.
