Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
In the latest session, Annexon Inc (NASDAQ: ANNX) closed at $4.70 up 2.40% from its previous closing price of $4.59. In other words, the price has increased by $2.40 from its previous closing price. On the day, 1.43 million shares were traded. ANNX stock price reached its highest trading level at $4.79 during the session, while it also had its lowest trading level at $4.54.
Ratios:
For a deeper understanding of Annexon Inc’s stock, let’s take a closer look at its various ratios. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Apr 08 ’24 when Carson William H. bought 3,200 shares for $6.07 per share. The transaction valued at 19,411 led to the insider holds 3,200 shares of the business.
Yednock Ted sold 2,604 shares of ANNX for $14,348 on Feb 20 ’24. The EVP & CHIEF INNOVATION OFFICER now owns 72,471 shares after completing the transaction at $5.51 per share. On Feb 20 ’24, another insider, Lew Jennifer, who serves as the EVP & CHIEF FINANCIAL OFFICER of the company, sold 2,593 shares for $5.53 each. As a result, the insider received 14,339 and left with 82,058 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 423120288 and an Enterprise Value of 194759200.
Stock Price History:
The Beta on a monthly basis for ANNX is 1.29, which has changed by -0.13761467 over the last 52 weeks, in comparison to a change of 0.22363698 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 -16.69%, while the 200-Day Moving Average is calculated to be 25.87%.
Shares Statistics:
For the past three months, ANNX has traded an average of 1.63M shares per day and 1612720 over the past ten days. A total of 105.09M shares are outstanding, with a floating share count of 80.20M. Insiders hold about 23.69% of the company’s shares, while institutions hold 66.47% stake in the company. Shares short for ANNX as of 1713139200 were 4142098 with a Short Ratio of 2.54, compared to 1710460800 on 2489573. Therefore, it implies a Short% of Shares Outstanding of 4142098 and a Short% of Float of 5.6999996.
Earnings Estimates
Investors are eagerly awaiting the insights provided by 7.0 analysts currently analyzing and rating the stock of Annexon Inc (ANNX).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 7.0 analysts recommending between -$1.06 and -$2.93.
