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The closing price of Annexon Inc (NASDAQ: ANNX) was $4.56 for the day, up 2.70% from the previous closing price of $4.44. In other words, the price has increased by $2.70 from its previous closing price. On the day, 1.15 million shares were traded. ANNX stock price reached its highest trading level at $4.71 during the session, while it also had its lowest trading level at $4.28.
Ratios:
Our analysis of ANNX’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 410516736 and an Enterprise Value of 182155616.
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 -20.36%, while the 200-Day Moving Average is calculated to be 22.88%.
Shares Statistics:
ANNX traded an average of 1.56M shares per day over the past three months and 1311790 shares per day over the past ten days. A total of 105.09M shares are outstanding, with a floating share count of 85.66M. Insiders hold about 21.24% of the company’s shares, while institutions hold 66.36% stake in the company. Shares short for ANNX as of 1711584000 were 3592185 with a Short Ratio of 2.30, compared to 1709164800 on 1946879. Therefore, it implies a Short% of Shares Outstanding of 3592185 and a Short% of Float of 4.95.
Earnings Estimates
The current assessment of Annexon Inc (ANNX) involves the perspectives of Anixa Biosciences, Inc. analysts closely monitoring its market dynamics.The consensus estimate for the next quarter is $0.97, with high estimates of $4.56 and low estimates of $66.95.
