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Axsome Therapeutics Inc (NASDAQ: AXSM) closed the day trading at $84.78 down -2.21% from the previous closing price of $86.70. In other words, the price has decreased by -$2.21 from its previous closing price. On the day, 3.53 million shares were traded. AXSM stock price reached its highest trading level at $84.98 during the session, while it also had its lowest trading level at $75.56.
Ratios:
For a better understanding of AXSM, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.37 and its Current Ratio is at 2.44. In the meantime, Its Debt-to-Equity ratio is 2.07 whereas as Long-Term Debt/Eq ratio is at 2.04.
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 this company, Wells Fargo on September 03, 2024, initiated with a Overweight rating and assigned the stock a target price of $140.
On August 06, 2024, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $95 to $106.
On July 22, 2024, Needham started tracking the stock assigning a Buy rating and target price of $130.Needham initiated its Buy rating on July 22, 2024, with a $130 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 Sep 11 ’24 when Saad Mark E sold 11,016 shares for $91.31 per share. The transaction valued at 1,005,871 led to the insider holds 10,002 shares of the business.
Saad Mark E bought 11,016 shares of AXSM for $1,005,843 on Sep 11 ’24. On Aug 09 ’24, another insider, Jacobson Mark L., who serves as the Chief Operating Officer of the company, sold 47,739 shares for $84.26 each. As a result, the insider received 4,022,488 and left with 5,783 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, AXSM now has a Market Capitalization of 4108642304 and an Enterprise Value of 3973599232. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.96 while its Price-to-Book (P/B) ratio in mrq is 44.20. Its current Enterprise Value per Revenue stands at 11.74 whereas that against EBITDA is -16.244.
Stock Price History:
Over the past 52 weeks, AXSM has reached a high of $105.00, while it has fallen to a 52-week low of $64.11. The 50-Day Moving Average of the stock is -9.05%, while the 200-Day Moving Average is calculated to be 0.75%.
Shares Statistics:
Over the past 3-months, AXSM traded about 502.06K shares per day on average, while over the past 10 days, AXSM traded about 578390 shares per day. A total of 48.44M shares are outstanding, with a floating share count of 39.61M. Insiders hold about 18.26% of the company’s shares, while institutions hold 79.16% stake in the company. Shares short for AXSM as of 1734048000 were 6516027 with a Short Ratio of 12.98, compared to 1731628800 on 7687443. Therefore, it implies a Short% of Shares Outstanding of 6516027 and a Short% of Float of 16.1.
