The stock price of Anavex Life Sciences Corporation (NASDAQ: AVXL) has jumped by 11.42 compared to previous close of 5.91. Despite this, the company has seen a gain of 12.95% in its stock price over the last five trading days. globenewswire.com reported 2024-06-20 that NEW YORK, June 20, 2024 (GLOBE NEWSWIRE) — Anavex Life Sciences Corp. (“Anavex” or the “Company”) (Nasdaq: AVXL), a clinical-stage biopharmaceutical company developing differentiated therapeutics for the treatment of neurodegenerative, neurodevelopmental and neuropsychiatric disorders including Alzheimer’s disease, Parkinson’s disease, Rett syndrome, schizophrenia, and other central nervous system (CNS) diseases, today announced that Christopher U. Missling, PhD, President and Chief Executive Officer of Anavex, will present at the H.C. Wainwright 5th Annual Neuro Perspectives Virtual Conference being held June 27, 2024.
Is It Worth Investing in Anavex Life Sciences Corporation (NASDAQ: AVXL) Right Now?
Moreover, the 36-month beta value for AVXL is 0.65. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for AVXL is 82.05M and currently, short sellers hold a 21.73% of that float. On July 23, 2024, AVXL’s average trading volume was 1.13M shares.
AVXL’s Market Performance
The stock of Anavex Life Sciences Corporation (AVXL) has seen a 12.95% increase in the past week, with a 61.40% rise in the past month, and a 78.94% gain in the past quarter. The volatility ratio for the week is 7.52%, and the volatility levels for the past 30 days are at 6.64% for AVXL. The simple moving average for the past 20 days is 37.45% for AVXL’s stock, with a 20.33% simple moving average for the past 200 days.
Analysts’ Opinion of AVXL
Many brokerage firms have already submitted their reports for AVXL stocks, with Cantor Fitzgerald repeating the rating for AVXL by listing it as a “Neutral.” The predicted price for AVXL in the upcoming period, according to Cantor Fitzgerald is $11 based on the research report published on December 06, 2022 of the previous year 2022.
Berenberg, on the other hand, stated in their research note that they expect to see AVXL reach a price target of $40. The rating they have provided for AVXL stocks is “Buy” according to the report published on June 23rd, 2022.
BTIG Research gave a rating of “Buy” to AVXL, setting the target price at $35 in the report published on September 23rd of the previous year.
AVXL Trading at 51.34% from the 50-Day Moving Average
After a stumble in the market that brought AVXL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -36.99% of loss for the given period.
Volatility was left at 6.64%, however, over the last 30 days, the volatility rate increased by 7.52%, as shares surge +54.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +67.27% upper at present.
During the last 5 trading sessions, AVXL rose by +11.32%, which changed the moving average for the period of 200-days by +2.20% in comparison to the 20-day moving average, which settled at $4.91. In addition, Anavex Life Sciences Corporation saw -29.27% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AVXL starting from Donhauser Peter D.O., who purchase 2,835 shares at the price of $3.64 back on Jun 14 ’24. After this action, Donhauser Peter D.O. now owns 5,000 shares of Anavex Life Sciences Corporation, valued at $10,319 using the latest closing price.
Thomas Steffen, the Director of Anavex Life Sciences Corporation, purchase 5,000 shares at $4.52 during a trade that took place back on May 15 ’24, which means that Thomas Steffen is holding 5,000 shares at $22,600 based on the most recent closing price.
Stock Fundamentals for AVXL
The total capital return value is set at -0.35. Equity return is now at value -28.96, with -26.71 for asset returns.
Based on Anavex Life Sciences Corporation (AVXL), the company’s capital structure generated -0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 35.42. The debt to equity ratio resting at -0.01. The interest coverage ratio of the stock is 137322.34.
Currently, EBITDA for the company is -47.5 million with net debt to EBITDA at 3.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 15.12.
Conclusion
To wrap up, the performance of Anavex Life Sciences Corporation (AVXL) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
