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The closing price of Annexon Inc (NASDAQ: ANNX) was $6.11 for the day, up 3.74% from the previous closing price of $5.89. In other words, the price has increased by $3.74 from its previous closing price. On the day, 1.15 million shares were traded. ANNX stock price reached its highest trading level at $6.22 during the session, while it also had its lowest trading level at $5.9.
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 Aug 01 ’24 when Carson William H. bought 3,200 shares for $6.24 per share. The transaction valued at 19,968 led to the insider holds 16,000 shares of the business.
Overdorf Michael sold 784 shares of ANNX for $4,720 on Jul 15 ’24. The EVP & CHIEF BUSINESS OFFICER now owns 94,622 shares after completing the transaction at $6.02 per share. On Jul 15 ’24, another insider, Lew Jennifer, who serves as the EVP & CHIEF FINANCIAL OFFICER of the company, sold 1,104 shares for $6.03 each. As a result, the insider received 6,657 and left with 86,468 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 645545984 and an Enterprise Value of 307049696.
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 9.87%, while the 200-Day Moving Average is calculated to be 26.15%.
Shares Statistics:
ANNX traded an average of 2.71M shares per day over the past three months and 1137320 shares per day over the past ten days. A total of 105.65M shares are outstanding, with a floating share count of 83.92M. Insiders hold about 20.57% of the company’s shares, while institutions hold 86.18% stake in the company. Shares short for ANNX as of 1722384000 were 7138539 with a Short Ratio of 2.64, compared to 1719532800 on 5157001. Therefore, it implies a Short% of Shares Outstanding of 7138539 and a Short% of Float of 8.1099994.
