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The closing price of Annexon Inc (NASDAQ: ANNX) was $6.29 for the day, up 1.29% from the previous closing price of $6.21. In other words, the price has increased by $1.29 from its previous closing price. On the day, 0.66 million shares were traded. ANNX stock price reached its highest trading level at $6.43 during the session, while it also had its lowest trading level at $6.2.
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 21.81 and its Current Ratio is at 21.81. In the meantime, Its Debt-to-Equity ratio is 0.08 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:
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 Oct 01 ’24 when Carson William H. bought 3,200 shares for $5.97 per share. The transaction valued at 19,104 led to the insider holds 22,400 shares of the business.
Yednock Ted sold 4,500 shares of ANNX for $31,950 on Sep 19 ’24. The EVP & CHIEF INNOVATION OFFICER now owns 0 shares after completing the transaction at $7.10 per share. On Sep 19 ’24, another insider, Yednock Ted, who serves as the Officer of the company, bought 4,500 shares for $7.10 each.
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 664563648 and an Enterprise Value of 326067424.
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 2.92%, while the 200-Day Moving Average is calculated to be 17.02%.
Shares Statistics:
ANNX traded an average of 1.33M shares per day over the past three months and 1200430 shares per day over the past ten days. A total of 105.65M shares are outstanding, with a floating share count of 83.99M. Insiders hold about 20.51% of the company’s shares, while institutions hold 86.31% stake in the company. Shares short for ANNX as of 1726185600 were 6886657 with a Short Ratio of 5.17, compared to 1723680000 on 7274207. Therefore, it implies a Short% of Shares Outstanding of 6886657 and a Short% of Float of 7.8.
