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The price of Annexon Inc (NASDAQ: ANNX) closed at $6.18 in the last session, up 0.16% from day before closing price of $6.17. In other words, the price has increased by $0.16 from its previous closing price. On the day, 1.9 million shares were traded. ANNX stock price reached its highest trading level at $6.28 during the session, while it also had its lowest trading level at $6.1.
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 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:
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 Jul 01 ’24 when Carson William H. bought 3,200 shares for $5.00 per share. The transaction valued at 16,000 led to the insider holds 12,800 shares of the business.
Carson William H. bought 3,200 shares of ANNX for $15,459 on Jun 03 ’24. The Director now owns 9,600 shares after completing the transaction at $4.83 per share. On May 01 ’24, another insider, Carson William H., who serves as the Director of the company, bought 3,200 shares for $4.68 each. As a result, the insider paid 14,982 and bolstered with 6,400 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 651458496 and an Enterprise Value of 336948512.
Stock Price History:
The Beta on a monthly basis for ANNX is 1.33, which has changed by 0.6702703 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. 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 21.86%, while the 200-Day Moving Average is calculated to be 44.23%.
Shares Statistics:
According to the various share statistics, ANNX traded on average about 2.97M shares per day over the past 3-months and 1803130 shares per day over the past 10 days. A total of 105.41M shares are outstanding, with a floating share count of 83.55M. Insiders hold about 20.74% of the company’s shares, while institutions hold 74.42% stake in the company. Shares short for ANNX as of 1719532800 were 5157001 with a Short Ratio of 1.74, compared to 1717113600 on 7278564. Therefore, it implies a Short% of Shares Outstanding of 5157001 and a Short% of Float of 5.86.
