Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
In the latest session, Annexon Inc (NASDAQ: ANNX) closed at $3.52 down -8.33% from its previous closing price of $3.84. In other words, the price has decreased by -$8.33 from its previous closing price. On the day, 1.15 million shares were traded. ANNX stock price reached its highest trading level at $3.82 during the session, while it also had its lowest trading level at $3.5.
Ratios:
For a deeper understanding of Annexon Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 17.18 and its Current Ratio is at 17.18. In the meantime, Its Debt-to-Equity ratio is 0.09 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 02 ’24 when Carson William H. bought 3,200 shares for $5.33 per share. The transaction valued at 17,056 led to the insider holds 25,600 shares of the business.
Yednock Ted sold 5,408 shares of ANNX for $40,073 on Oct 15 ’24. The EVP & CHIEF INNOVATION OFFICER now owns 71,365 shares after completing the transaction at $7.41 per share. On Oct 15 ’24, another insider, Yednock Ted, who serves as the Officer of the company, bought 5,408 shares for $7.41 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 375210880 and an Enterprise Value of 330293568.
Stock Price History:
The Beta on a monthly basis for ANNX is 1.07, which has changed by -0.297989 over the last 52 weeks, in comparison to a change of 0.21926713 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 $3.81. The 50-Day Moving Average of the stock is -26.89%, while the 200-Day Moving Average is calculated to be -37.06%.
Shares Statistics:
For the past three months, ANNX has traded an average of 1.51M shares per day and 1552960 over the past ten days. A total of 105.71M shares are outstanding, with a floating share count of 89.43M. Insiders hold about 16.10% of the company’s shares, while institutions hold 89.24% stake in the company. Shares short for ANNX as of 1730332800 were 7769658 with a Short Ratio of 6.19, compared to 1727654400 on 8691960. Therefore, it implies a Short% of Shares Outstanding of 7769658 and a Short% of Float of 8.799999999999999.
