Annexon Inc (ANNX) Stock: A Study of the Market Performance

The stock of Annexon Inc (ANNX) has seen a -3.31% decrease in the past week, with a 7.54% gain in the past month, and a 41.41% flourish in the past quarter. The volatility ratio for the week is 12.51%, and the volatility levels for the past 30 days are at 13.63% for ANNX. The simple moving average for the past 20 days is 7.21% for ANNX’s stock, with a 80.92% simple moving average for the past 200 days.

Is It Worth Investing in Annexon Inc (NASDAQ: ANNX) Right Now?

ANNX has 36-month beta value of 1.15. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for ANNX is 61.70M, and currently, short sellers hold a 4.03% ratio of that float. The average trading volume of ANNX on April 03, 2024 was 1.53M shares.

ANNX) stock’s latest price update

Annexon Inc (NASDAQ: ANNX) has seen a decline in its stock price by -3.17 in relation to its previous close of 6.63. However, the company has experienced a -3.31% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-01 that Annexon (ANNX) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company’s earnings prospects. This might drive the stock higher in the near term.

Analysts’ Opinion of ANNX

Many brokerage firms have already submitted their reports for ANNX stocks, with JP Morgan repeating the rating for ANNX by listing it as a “Overweight.” The predicted price for ANNX in the upcoming period, according to JP Morgan is $11 based on the research report published on March 01, 2024 of the current year 2024.

BofA Securities, on the other hand, stated in their research note that they expect to see ANNX reach a price target of $6, previously predicting the price at $4. The rating they have provided for ANNX stocks is “Buy” according to the report published on December 21st, 2023.

Wells Fargo gave a rating of “Overweight” to ANNX, setting the target price at $11 in the report published on October 30th of the previous year.

ANNX Trading at 19.38% from the 50-Day Moving Average

After a stumble in the market that brought ANNX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.57% of loss for the given period.

Volatility was left at 13.63%, however, over the last 30 days, the volatility rate increased by 12.51%, as shares surge +9.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +47.93% upper at present.

During the last 5 trading sessions, ANNX fell by -3.31%, which changed the moving average for the period of 200-days by +119.11% in comparison to the 20-day moving average, which settled at $6.02. In addition, Annexon Inc saw 41.41% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ANNX starting from Yednock Ted, who sale 2,604 shares at the price of $5.51 back on Feb 20 ’24. After this action, Yednock Ted now owns 72,471 shares of Annexon Inc, valued at $14,348 using the latest closing price.

Lew Jennifer, the EVP & CHIEF FINANCIAL OFFICER of Annexon Inc, sale 2,593 shares at $5.53 during a trade that took place back on Feb 20 ’24, which means that Lew Jennifer is holding 82,058 shares at $14,339 based on the most recent closing price.

Stock Fundamentals for ANNX

The total capital return value is set at -0.51. Equity return is now at value -55.73, with -46.07 for asset returns.

Based on Annexon Inc (ANNX), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at -3.86. The debt to equity ratio resting at 0.13. The interest coverage ratio of the stock is 46.33.

Currently, EBITDA for the company is -140.46 million with net debt to EBITDA at 1.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 14.72.

Conclusion

To put it simply, Annexon Inc (ANNX) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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