Gaining Ground: Annexon Inc (ANNX) Closes Lower at 2.39, Down -9.47

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The price of Annexon Inc (NASDAQ: ANNX) closed at $2.39 in the last session, down -9.47% from day before closing price of $2.64. In other words, the price has decreased by -$9.47 from its previous closing price. On the day, 1.52 million shares were traded.

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 17.18 and its Current Ratio is at 10.37. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.09.

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 Feb 18 ’25 when Dananberg Jamie sold 5,521 shares for $2.96 per share. The transaction valued at 16,342 led to the insider holds 33,479 shares of the business.

ARTIS DEAN RICHARD sold 5,515 shares of ANNX for $16,380 on Feb 18 ’25. The EVP & CHIEF SCIENTIFIC OFFICER now owns 83,814 shares after completing the transaction at $2.97 per share. On Feb 18 ’25, another insider, Yednock Ted, who serves as the EVP & CHIEF INNOVATION OFFICER of the company, sold 8,345 shares for $2.91 each. As a result, the insider received 24,284 and left with 61,237 shares of the company.

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 $2.42. The 50-Day Moving Average of the stock is -40.52%, while the 200-Day Moving Average is calculated to be -55.99%.

Shares Statistics:

A total of 106.59M shares are outstanding, with a floating share count of 92.63M. Insiders hold about 13.10% of the company’s shares, while institutions hold 93.63% stake in the company.

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