The stock of Annexon Inc (ANNX) has gone up by 2.48% for the week, with a -31.37% drop in the past month and a 7.82% rise in the past quarter. The volatility ratio for the week is 8.29%, and the volatility levels for the past 30 days are 8.01% for ANNX.. The simple moving average for the past 20 days is -15.59% for ANNX’s stock, with a 21.57% simple moving average for the past 200 days.
Is It Worth Investing in Annexon Inc (NASDAQ: ANNX) Right Now?
Moreover, the 36-month beta value for ANNX is 1.25. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ANNX is 69.55M and currently, short sellers hold a 5.96% of that float. On May 01, 2024, ANNX’s average trading volume was 1.66M shares.
ANNX) stock’s latest price update
Annexon Inc (NASDAQ: ANNX)’s stock price has gone decline by -3.19 in comparison to its previous close of 4.70, however, the company has experienced a 2.48% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-17 that Here is how Annexon, Inc. (ANNX) and Adma Biologics (ADMA) have performed compared to their sector so far this year.
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 -19.04% 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 -45.83% of loss for the given period.
Volatility was left at 8.01%, however, over the last 30 days, the volatility rate increased by 8.29%, as shares sank -29.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.31% lower at present.
During the last 5 trading sessions, ANNX rose by +2.48%, which changed the moving average for the period of 200-days by +23.64% in comparison to the 20-day moving average, which settled at $5.30. In addition, Annexon Inc saw 0.22% 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 Carson William H., who purchase 3,200 shares at the price of $6.07 back on Apr 08 ’24. After this action, Carson William H. now owns 3,200 shares of Annexon Inc, valued at $19,411 using the latest closing price.
Yednock Ted, the EVP & CHIEF INNOVATION OFFICER of Annexon Inc, sale 2,604 shares at $5.51 during a trade that took place back on Feb 20 ’24, which means that Yednock Ted is holding 72,471 shares at $14,348 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 wrap up, the performance of Annexon Inc (ANNX) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
