Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Anavex Life Sciences Corporation (NASDAQ: AVXL) closed the day trading at $8.02 down -6.53% from the previous closing price of $8.58. In other words, the price has decreased by -$6.53 from its previous closing price. On the day, 1.71 million shares were traded. AVXL stock price reached its highest trading level at $8.69 during the session, while it also had its lowest trading level at $7.895.
Ratios:
For a better understanding of AVXL, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 9.45 and its Current Ratio is at 9.45. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Cantor Fitzgerald on December 06, 2022, Downgraded its rating to Neutral and sets its target price to $11 from $16 previously.
On June 23, 2022, Berenberg started tracking the stock assigning a Buy rating and target price of $40.
On September 23, 2021, BTIG Research started tracking the stock assigning a Buy rating and target price of $35.BTIG Research initiated its Buy rating on September 23, 2021, with a $35 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 14 ’24 when Donhauser Peter D.O. bought 2,835 shares for $3.64 per share. The transaction valued at 10,319 led to the insider holds 5,000 shares of the business.
Thomas Steffen bought 5,000 shares of AVXL for $22,600 on May 15 ’24. The Director now owns 5,000 shares after completing the transaction at $4.52 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AVXL now has a Market Capitalization of 682214912 and an Enterprise Value of 561439872.
Stock Price History:
The Beta on a monthly basis for AVXL is 0.80, which has changed by 0.7359307 over the last 52 weeks, in comparison to a change of 0.08089435 over the same period for the S&P500. Over the past 52 weeks, AVXL has reached a high of $14.44, while it has fallen to a 52-week low of $3.25. The 50-Day Moving Average of the stock is -10.72%, while the 200-Day Moving Average is calculated to be 8.39%.
Shares Statistics:
Over the past 3-months, AVXL traded about 1.33M shares per day on average, while over the past 10 days, AVXL traded about 1317370 shares per day. A total of 84.99M shares are outstanding, with a floating share count of 82.26M. Insiders hold about 3.30% of the company’s shares, while institutions hold 34.48% stake in the company. Shares short for AVXL as of 1741910400 were 24042495 with a Short Ratio of 18.13, compared to 1739491200 on 24204459. Therefore, it implies a Short% of Shares Outstanding of 24042495 and a Short% of Float of 29.15.
