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Annexon Inc (NASDAQ: ANNX) closed the day trading at $5.46 down -10.78% from the previous closing price of $6.12. In other words, the price has decreased by -$10.78 from its previous closing price. On the day, 1.67 million shares were traded. ANNX stock price reached its highest trading level at $6.22 during the session, while it also had its lowest trading level at $5.44.
Ratios:
For a better understanding of ANNX, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 17.18 and its Current Ratio is at 17.18. In the meantime, Its Debt-to-Equity ratio is 0.09 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 Oct 15 ’24 when Yednock Ted sold 5,408 shares for $7.41 per share. The transaction valued at 40,073 led to the insider holds 71,365 shares of the business.
Yednock Ted bought 5,408 shares of ANNX for $40,073 on Oct 15 ’24. On Oct 01 ’24, another insider, Carson William H., who serves as the Director of the company, bought 3,200 shares for $5.97 each. As a result, the insider paid 19,104 and bolstered with 22,400 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 576870848 and an Enterprise Value of 330293568.
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 $2.27. The 50-Day Moving Average of the stock is -20.80%, while the 200-Day Moving Average is calculated to be -6.27%.
Shares Statistics:
Over the past 3-months, ANNX traded about 1.29M shares per day on average, while over the past 10 days, ANNX traded about 1633240 shares per day. A total of 106.59M shares are outstanding, with a floating share count of 84.60M. Insiders hold about 20.63% of the company’s shares, while institutions hold 88.34% stake in the company. Shares short for ANNX as of 1730332800 were 7769658 with a Short Ratio of 6.01, compared to 1727654400 on 8691960. Therefore, it implies a Short% of Shares Outstanding of 7769658 and a Short% of Float of 8.799999999999999.
