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The price of Annexon Inc (NASDAQ: ANNX) closed at $4.88 in the last session, up 4.72% from day before closing price of $4.66. In other words, the price has increased by $4.72 from its previous closing price. On the day, 2.84 million shares were traded. ANNX stock price reached its highest trading level at $5.06 during the session, while it also had its lowest trading level at $4.69.
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 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:
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 May 01 ’24 when Carson William H. bought 3,200 shares for $4.68 per share. The transaction valued at 14,982 led to the insider holds 6,400 shares of the business.
Carson William H. bought 3,200 shares of ANNX for $19,411 on Apr 08 ’24. The Director now owns 3,200 shares after completing the transaction at $6.07 per share. On Feb 20 ’24, another insider, Yednock Ted, who serves as the EVP & CHIEF INNOVATION OFFICER of the company, sold 2,604 shares for $5.51 each. As a result, the insider received 14,348 and left with 72,471 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 444770048 and an Enterprise Value of 210963792.
Stock Price History:
The Beta on a monthly basis for ANNX is 1.29, which has changed by -0.11238098 over the last 52 weeks, in comparison to a change of 0.22379243 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 -12.78%, while the 200-Day Moving Average is calculated to be 29.88%.
Shares Statistics:
According to the various share statistics, ANNX traded on average about 1.74M shares per day over the past 3-months and 1760220 shares per day over the past 10 days. A total of 78.37M shares are outstanding, with a floating share count of 69.55M. Insiders hold about 23.69% of the company’s shares, while institutions hold 76.70% stake in the company. Shares short for ANNX as of 1713139200 were 4142098 with a Short Ratio of 2.38, compared to 1710460800 on 2489573. Therefore, it implies a Short% of Shares Outstanding of 4142098 and a Short% of Float of 5.6199998.
