Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
After finishing at $4.11 in the prior trading day, Annexon Inc (NASDAQ: ANNX) closed at $4.20, up 2.19%. In other words, the price has increased by $2.19 from its previous closing price. On the day, 1.67 million shares were traded. ANNX stock price reached its highest trading level at $4.225 during the session, while it also had its lowest trading level at $3.9609.
Ratios:
Our goal is to gain a better understanding of ANNX by taking a closer look at its different 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 447694784 and an Enterprise Value of 330293568.
Stock Price History:
The Beta on a monthly basis for ANNX is 1.11, which has changed by -0.056179762 over the last 52 weeks, in comparison to a change of 0.23631513 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 $3.86. The 50-Day Moving Average of the stock is -21.62%, while the 200-Day Moving Average is calculated to be -26.23%.
Shares Statistics:
The stock has traded on average 1.38M shares per day over the past 3-months and 1613350 shares per day over the last 10 days, according to various share statistics. 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 88.57% stake in the company. Shares short for ANNX as of 1730332800 were 7769658 with a Short Ratio of 6.51, compared to 1727654400 on 8691960. Therefore, it implies a Short% of Shares Outstanding of 7769658 and a Short% of Float of 8.799999999999999.
