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The closing price of Anavex Life Sciences Corporation (NASDAQ: AVXL) was $6.09 for the day, down -3.49% from the previous closing price of $6.31. In other words, the price has decreased by -$3.49 from its previous closing price. On the day, 0.72 million shares were traded. AVXL stock price reached its highest trading level at $6.36 during the session, while it also had its lowest trading level at $5.93.
Ratios:
Our analysis of AVXL’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 12.04 and its Current Ratio is at 12.04. 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:
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 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. On Mar 28 ’24, another insider, MISSLING CHRISTOPHER U, who serves as the President and CEO of the company, sold 73,380 shares for $5.11 each. As a result, the insider received 374,972 and left with 1,250,210 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, AVXL now has a Market Capitalization of 516404640 and an Enterprise Value of 377648704.
Stock Price History:
Over the past 52 weeks, AVXL has reached a high of $10.45, while it has fallen to a 52-week low of $3.25. The 50-Day Moving Average of the stock is 17.35%, while the 200-Day Moving Average is calculated to be 10.02%.
Shares Statistics:
AVXL traded an average of 1.19M shares per day over the past three months and 820290 shares per day over the past ten days. A total of 84.80M shares are outstanding, with a floating share count of 82.12M. Insiders hold about 3.05% of the company’s shares, while institutions hold 31.82% stake in the company. Shares short for AVXL as of 1722384000 were 19883543 with a Short Ratio of 16.78, compared to 1719532800 on 17825737. Therefore, it implies a Short% of Shares Outstanding of 19883543 and a Short% of Float of 24.190001.
